UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

[X]  QUARTERLY  REPORT  PURSUANT  TO  SECTION  13 OR 15 (d)  OF  THE  SECURITIES
     EXCHANGE ACT OF 1934

     For the three month period ended June 30, 2000

[ ]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR 15 (d)  OF THE  SECURITIES
     EXCHANGE ACT OF 1934


     Commission file number 0-16172


                              COMPUTONE CORPORATION
        (Exact name of small business issuer as specified in its charter)


           Delaware                                       23-2472952
-------------------------------                ---------------------------------
(State or other jurisdiction of                (IRS Employer Identification No.)
 incorporation or organization)

          1060 Windward Ridge Parkway, Suite 100, Alpharetta, GA 30005
          ------------------------------------------------------------
                    (Address of principal executive offices)

         Issuer's telephone number, including area code: (770) 625-0000

                                       N/A
              (Former name, former address and former fiscal year,
                         if changed since last report)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days.
                                Yes [X]   No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:  12,122,058 shares of common stock on
August 10, 2000.

Transitional Small Business Disclosure Format (check one):   Yes [ ]   No [X]

<PAGE>

                     COMPUTONE CORPORATION AND SUBSIDIARIES

                                      INDEX

                         PART I - FINANCIAL INFORMATION

ITEM 1.   Consolidated Financial Statements:

          Consolidated Balance Sheets as of June 30, 2000
               and March 31, 2000                                              3

          Consolidated  Statements of Operations for the
               three months ended June 30, 2000 and June 30, 1999              4

          Consolidated  Statements of Cash Flows for the
               three months ended June 30, 2000 and June 30, 1999              5

          Notes to Consolidated Financial Statements                           6

ITEM 2.   Management's Discussion and Analysis for the three months
               ended June 30, 2000 compared to the three months
               ended June 30, 1999                                             8

                           PART II - OTHER INFORMATION

ITEM 1.   Legal Proceedings                                                   10

ITEM 2.   Changes in Securities                                               10

ITEM 3.   Defaults Upon Senior Securities                                     10

ITEM 4.   Submission of Matters to a Vote of Security Holders                 10

ITEM 5.   Other Information                                                   10

ITEM 6.   Exhibits and Reports on Form 8-K                                    10

SIGNATURES                                                                    11

                                       2
<PAGE>

                         PART I - FINANCIAL INFORMATION

Item 1.   Consolidated Financial Statements

                     Computone Corporation and Subsidiaries
                           Consolidated Balance Sheets
                        (in thousands, except share data)

<TABLE>
<CAPTION>
                                                              June 30, 2000    March 31, 2000
                                                               ------------     ------------
ASSETS                                                          (unaudited)
Current assets:
<S>                                                            <C>              <C>
    Cash and cash equivalents                                  $        886     $        197
    Receivables, net of allowance for doubtful accounts
        of $310 at June 30, 2000 and $265 at March 31, 2000           2,218            1,389
    Inventories, net                                                  2,650            2,421
    Prepaid expenses and other                                          154               95
                                                               ------------     ------------
Total current assets                                                  5,908            4,102

Property and equipment, net                                             711              654

Goodwill, net                                                         8,620               --

Other intangible assets, net                                            359              388

Other                                                                   205               52
                                                               ------------     ------------
TOTAL ASSETS                                                   $     15,803     $      5,196
                                                               ============     ============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
    Accounts payable, trade                                    $      1,784     $      1,042
    Accrued liabilities:
         Deferred maintenance revenue                                 1,291               --
         Deferred gross profit                                          279              358
         Interest                                                       274              255
         Other                                                          843              555
   Line of credit                                                       150              993
   Notes payable to stockholders                                        740              590
   Current maturities of long-term debt                                  --              154
                                                               ------------     ------------
Total current liabilities                                             5,361            3,947

Long-term debt, less current maturities, net of
    discount of $1,328 at June 30, 2000                               1,172              193
                                                               ------------     ------------
Total liabilities                                                     6,533            4,140
                                                               ------------     ------------

Stockholders' equity:
    Common stock, $.01 par value; 25,000,000 shares
        authorized; 12,038,885 and 9,977,214 shares issued
        and outstanding, respectively                                   120              100
    Additional paid-in capital                                       58,672           49,553
    Accumulated deficit                                             (49,522)         (48,597)
                                                               ------------     ------------
Total stockholders' equity                                            9,270            1,056
                                                               ------------     ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                     $     15,803     $      5,196
                                                               ============     ============
</TABLE>

        See accompanying notes to the consolidated financial statements.

                                       3
<PAGE>

                         PART I - FINANCIAL INFORMATION

                     Computone Corporation and Subsidiaries
                      Consolidated Statements of Operations
                      (in thousands, except per share data)

                                                    For the three months ended
                                                  ------------------------------
                                                   June 30, 2000   June 30, 1999
                                                   -------------   -------------
                                                            (unaudited)
Revenues:
    Product sales                                  $      1,238     $      4,733
                                                   ------------     ------------
Expenses:
    Cost of products sold                                   927            2,849
    Selling, general and administrative                     804              942
    Product development                                     357              459
                                                   ------------     ------------
                                                          2,088            4,250
                                                   ------------     ------------

Operating income (loss)                                    (850)             483

Other expense:
    Other expense                                             2               --
    Interest expense - affiliates                            19               20
    Interest expense - other                                 54               34
                                                   ------------     ------------

Income (loss) before income taxes                          (925)             429

Provision for income taxes                                   --               --
                                                   ------------     ------------

Net income (loss)                                  $       (925)    $        429
                                                   ============     ============

Earnings (loss) per common share -
    basic and diluted                              $      (0.09)    $       0.05
                                                   ============     ============

Weighted average shares outstanding - basic              10,024            8,465
                                                   ============     ============

Weighted average shares outstanding - diluted            10,024            8,751
                                                   ============     ============

        See accompanying notes to the consolidated financial statements.

                                       4
<PAGE>

                         PART I - FINANCIAL INFORMATION

                     Computone Corporation and Subsidiaries
                      Consolidated Statements of Cash Flows
                                 (in thousands)

<TABLE>
<CAPTION>
                                                               For the three months ended
                                                              -----------------------------
                                                              June 30, 2000   June 30, 1999
                                                              -------------   -------------
                                                               (unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                           <C>              <C>
    Net income (loss)                                         $       (925)    $        429
    Adjustments to reconcile net income (loss) to net cash
      provided by (used in) operations:
        Depreciation and amortization                                  135              117
        Provision for uncollectible accounts receivable                 31               38
        Provision for inventory reserve                                 45               70
        Changes in current assets and current liabilities,
            net of effects from business acquired
            Receivables                                                252             (953)
            Inventories                                                 61              (97)
            Prepaid expenses and other                                  11               15
            Accounts payable and accrued liabilities                   211              974
                                                              ------------     ------------

Net cash provided by (used in) operations                             (179)             593
                                                              ------------     ------------

CASH FLOWS FROM INVESTING ACTIVITIES:
    Other assets                                                      (145)              11
    Acquisition of business                                         (4,145)              --
    Capitalization of software costs                                   (23)             (31)
    Capital expenditures                                              (140)             (65)
                                                              ------------     ------------

Net cash used in investing activities                               (4,453)             (85)
                                                              ------------     ------------

CASH FLOWS FROM FINANCING ACTIVITIES:
    Proceeds from the issuance of long-term debt                     2,500               --
    Repayment of debt                                                 (347)             (25)
    Net repayments under lines of credit                              (843)            (609)
    Capital contribution                                               250               --
    Cost associated with the issuance of common stock                 (325)              --
    Proceeds from exercise of common stock options                      24              169
    Proceeds from issuance of common stock                           4,062               --
                                                              ------------     ------------

Net cash provided by (used in) financing activities                  5,321             (465)
                                                              ------------     ------------

Net increase in cash and cash equivalents                              689               43
Cash and cash equivalents, beginning of year                           197               18
                                                              ------------     ------------
Cash and cash equivalents, end of period                      $        886     $         61
                                                              ============     ============

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
    Cash paid during the period for:
        Interest                                              $         54     $         34
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING AND
  INVESTING ACTIVITIES:
    Common stock issued for business acquired                 $      3,800     $         --
</TABLE>

      See accompanying notes to the consolidated financial statements.

                                       5
<PAGE>

                     COMPUTONE CORPORATION AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

     All statements  contained in this Form-10QSB  Quarterly Report that are not
historical  facts  are  based  on  current  expectations.  Such  statements  are
forward-looking  (as defined in the Private Securities  Litigation Reform Act of
1995) in nature and involve a number of risks and uncertainties.  Actual results
could vary  materially.  The  factors  that could cause  actual  results to vary
materially  include:  the ability of the Company to obtain and maintain adequate
working capital, future supply and demand for the Company's products, changes in
business and economic  conditions,  availability of raw materials and parts, and
other risks that may be described from time to time in reports the Company files
with the Securities and Exchange Commission  ("SEC").  Undue reliance should not
be placed on any such forward-looking statements.

1.   BASIS OF PRESENTATION
     ---------------------

     The financial statements included in this Form 10-QSB Quarterly Report have
been  prepared  by  the  Company,  without  audit,  pursuant  to the  rules  and
regulations of the SEC. Certain information and footnote  disclosures,  normally
included in financial  statements prepared in accordance with generally accepted
accounting principles,  have been condensed, or omitted,  pursuant to such rules
and regulations.  These financial  statements should be read in conjunction with
the  financial  statements  and related notes  included in the Company's  Annual
Report on Form 10-KSB for its fiscal year ended March 31, 2000.

     The financial  statements  presented herein as of June 30, 2000 reflect, in
the opinion of management,  all adjustments necessary for a fair presentation of
financial position and the results of operations for the periods presented.  The
results of operations for any interim period are not  necessarily  indicative of
the results for the full year.

2.   ACQUISITION
     -----------

     On June 28,  2000,  the Company  acquired  100% of the stock of  Multi-User
Solutions ("Multi-User"), a Georgia based system support and integration company
for $7,945,000, including $145,000 in expenses, consisting of $4,145,000 in cash
and  800,000  shares of the  Company's  $.01 par value  common  stock  valued at
$3,800,000.  The  acquisition  was  financed  through the  issuance of 1,249,671
shares of the  Company's  $.01 par value common stock for proceeds of $3,737,000
net of $325,000 in issuance  costs,  and the issuance of a  $2,500,000  11% note
payable  (Note 7). The  acquisition  has been  accounted  for using the purchase
method of  accounting.  Goodwill  arising from the  acquisition of $8,625,000 is
being amortized using the  straight-line  method over 10 years. The consolidated
statements  of  operations  include the  operations  of the  business  since the
acquisition date.

     The following  unaudited pro forma  information  for the three months ended
June 30, 2000 and 1999,  gives effect to the  acquisition of Multi-User as if it
had occurred on April 1 of each respective year:

                                                          2000           1999
                                                       -----------    ----------

     Net sales                                         $ 2,884,000    $7,147,000
                                                       ===========    ==========
     Net income (loss)                                 $(1,237,000)   $  304,000
                                                       ===========    ==========
     Net income (loss) per share - basic and diluted   $     (0.11)   $     0.03
                                                       ===========    ==========

     The unaudited pro forma  information is not  necessarily  indicative of the
results  of  operations  that  would  have been  reported  had such  acquisition
occurred on such date, nor is it indicative of the Company's future operations.

                                       6
<PAGE>

                     COMPUTONE CORPORATION AND SUBSIDIARIES
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                                   (UNAUDITED)

3.   REVENUE RECOGNITION
     -------------------

     The Company  generally  recognizes  revenue  when  products are shipped and
services are performed, net of an allowance for estimated sales returns. At this
point,  persuasive evidence of a sale arrangement exists, delivery has occurred,
the Company's price to the buyer is fixed and  collectibility  of the associated
receivable is reasonably  assured.  Beginning  with the fourth quarter of fiscal
1998, the Company modified the application of its revenue  recognition policy to
defer recognition of revenue and cost of products sold on sales to customers who
are not end users of the Company's  products  until such time as the product has
been sold through to the end user. The Company receives  non-refundable  advance
payments for operating system and hardware support service contracts for varying
periods  of no more  than one  year.  The  Company  defers  these  payments  and
recognizes revenue on these contracts on a straight-line  basis over the term of
the related contract.

     The Company  generally  provides a warranty  of five years on all  products
originally  manufactured  by the  Company.  A warranty  reserve of less than one
percent of sales, to cover the estimated costs of correcting product defects, is
accrued at the date of shipment.

4.   INVENTORIES
     -----------

     Inventories are valued at the lower of cost or market, with cost determined
on the first-in, first-out method. Raw materials that have no planned production
life or exceed 18 months of  anticipated  supply are deemed excess and are fully
reserved.  Reserves are also established,  as management deems appropriate,  for
obsolete,   excess  and  non-salable   inventories,   including  finished  goods
inventories.

     Inventories,  net of a reserve for obsolete,  excess and non-salable items,
consisted of the following at June 30, 2000 and March 31, 2000 (in thousands):

                                                    June 30,      March 31,
                                                      2000          2000
                                                   ----------    ----------
     Inventories:
        Finished goods                             $      695    $      597
        Work in process                                   305           206
        Raw materials                                   1,650         1,618
                                                   ----------    ----------
                                                   $    2,650    $    2,421
                                                   ==========    ==========

5.   EARNINGS PER SHARE
     ------------------

     Basic  earnings  per share  ("EPS")  excludes  dilution  and is computed by
dividing income (loss) available to common  shareholders by the weighted average
number of common  shares  outstanding  for the period.  Diluted EPS reflects the
potential  dilution that could occur if  securities or other  contracts to issue
common stock were exercised or converted  into common stock.  There were 872,175
and  286,431  options and  warrants  that were deemed to be dilutive at June 30,
2000 and 1999,  respectively.  For  purposes  of  computing  diluted EPS for the
three-month  period  ended June 30,  2000,  the Company  excluded the effects of
outstanding common stock options and warrants because they were anti-dilutive.

6.   INCOME TAXES
     ------------

     At  March  31,  2000,  the  Company  had net  operating  and  capital  loss
carryforwards totaling $35.0 million which expire at various dates through 2015,
including a predecessor company preacquisition operating loss carryforward. As a
result of  several  ownership  changes,  which  have  occurred  since the losses
started  to  accumulate,  statutory  provisions  will  substantially  limit  the
Company's future use of these loss carryforwards.

                                       7
<PAGE>

                     COMPUTONE CORPORATION AND SUBSIDIARIES
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                                   (UNAUDITED)

7.   LONG-TERM DEBT AND LINE OF CREDIT
     ---------------------------------

     On November  17,  1998,  the Company and a lender  entered into a financing
agreement  that provided for a line of credit of up to  $1,650,000  based on the
available  borrowing  base, as defined (the  "Line").  A portion of the proceeds
from the Line was used to retire debt borrowed  under a June 20, 1997  financing
agreement.  Borrowings under the Line bear interest at prime plus 2%. In October
1999,  the Line was reduced to  $1,400,000.  At June 30,  2000,  the Company had
$150,000 in outstanding  borrowings  leaving $390,000  available under the Line.
The Line is collateralized  primarily by the Company's  accounts  receivable and
inventory.  The Line contains minimum net working capital and tangible net worth
covenants  and, as of June 30, 2000,  the Company was in  compliance  with these
covenants. The Line expires in November 2000.

     On June 28, 2000,  the Company  entered into an agreement  with a lender to
provide a $2,500,000 11% note payable due on December 28, 2001 with a detachable
warrant to purchase  392,577 shares of the Company's $.01 par value common stock
exercisable at $3.25 per share.  The warrant expires in June 2003. In accordance
with Accounting Principles Board No. ("APB") 14, Accounting for Convertible Debt
and Debt Issued With Stock Purchase Warrants,  the Company has recorded the fair
value of the warrant of  $1,328,000  million as a credit to  additional  paid-in
capital and the fair value of the note payable of $1,172,000 in the accompanying
financial  statements.  The resulting  $1,328,000 note payable  discount will be
amortized over the life of the note payable using the interest method.

ITEM 2.   MANAGEMENT'S  DISCUSSION  AND ANALYSIS FOR THE THREE MONTHS ENDED JUNE
          30, 2000 COMPARED TO THE THREE MONTHS ENDED JUNE 30, 1999.

RESULTS OF OPERATIONS
---------------------

     During the three-month  period ended June 30, 2000, the Company  incurred a
net loss of $925,000 on revenues of $1,238,000 compared to net income during the
three-month period ended June 30, 1999 of $429,000 on revenues of $4,733,000.

     Product  sales  revenue  for the  three-month  period  ended June 30,  2000
totaled $1,238,000 compared to $4,733,000 for the comparable  three-month period
of the prior  fiscal  year,  a decrease  of  $3,495,000,  or 74%.  Approximately
$2,500,000 of the decrease was  attributable to lower sales to the Company's two
largest non-distribution  customers. During the prior year's three-month period,
these two customers were involved in projects to replace competitor's  equipment
and to expand the use of the  Company's  products  in  additional  applications.
Similar  projects  did  not  reoccur  in this  year's  three-month  period.  The
remaining decrease in product sales of approximately  $1,000,000 was a result of
lower sales to  distribution  and OEM customers  due to the lingering  effect of
post year 2000 reductions in spending. The acquisition of Multi-User on June 28,
2000 had minimal effect on sales revenue for the  three-month  period ended June
30, 2000.

     Cost of  products  sold for the  three-month  period  ended  June 30,  2000
amounted to $927,000,  or 75% of product sales revenues,  versus $2,849,000,  or
60%, for the  comparable  three-month  period of the prior year. The increase in
cost of  products  sold as a  percentage  of revenues  is due  primarily  to the
continuation  of certain  fixed  operating  costs that were not  affected by the
reduction in sales volume.

     Selling,  general and  administrative  expenses for the three-month  period
ended June 30, 2000 totaled  $804,000  compared to $942,000 for the  three-month
period  ended June 30,  1999,  a decrease of  $138,000,  or 15%,  from the prior
fiscal  year.   This  decrease  is  primarily   attributable   to  decreases  in
compensation  costs,  reduced legal costs due to settlement of litigation in the
prior fiscal year,  and the continued  successful  implementation  of other cost
reduction efforts.

                                       8
<PAGE>

ITEM 2.   MANAGEMENT'S  DISCUSSION  AND ANALYSIS FOR THE THREE MONTHS ENDED JUNE
          30, 2000 COMPARED TO THE THREE MONTHS ENDED JUNE 30, 1999, CONTINUED.

     Product  development  costs charged to expense for the  three-month  period
ended June 30, 2000 totaled $357,000  compared to $459,000,  for the three-month
period ended June 30,  1999.  This  decrease of  $102,000,  or 22%, is primarily
attributed to decreases in costs of third party engineering services.

LIQUIDITY AND CAPITAL RESOURCES
-------------------------------

     On November  17,  1998,  the Company and a lender  entered into a financing
agreement  that provided for a line of credit of up to  $1,650,000  based on the
available  borrowing  base, as defined (the  "Line").  A portion of the proceeds
from the Line was used to retire debt borrowed  under a June 20, 1997  financing
agreement.  Borrowings under the Line bear interest at prime plus 2%. In October
1999,  the Line was reduced to  $1,400,000.  At June 30,  2000,  the Company had
$150,000 in outstanding  borrowings  leaving $390,000  available under the line.
The Line is collateralized  primarily by the Company's  accounts  receivable and
inventory.  The Line contains minimum net working capital and tangible net worth
covenants  and, as of June 30, 2000,  the Company was in  compliance  with these
covenants. The Line expires in November 2000.

     On June 28, 2000,  the Company  entered into an agreement  with a lender to
provide a $2,500,000 11% note payable due on December 28, 2001 with a detachable
warrant to purchase  392,577 shares of the Company's $.01 par value common stock
exercisable at $3.25 per share.  The warrant expires in June 2003. In accordance
with Accounting Principles Board No. ("APB") 14, Accounting for Convertible Debt
and Debt Issued With Stock Purchase Warrants,  the Company has recorded the fair
value of the warrant of  $1,328,000  million as a credit to  additional  paid in
capital and the fair value of the note payable of $1,172,000 in the accompanying
financial  statements.  The resulting  $1,328,000 note payable  discount will be
amortized over the life of the note payable using the interest method.

     Cash  used  in  operating   activities  amounted  to  $179,000  during  the
three-month  period ended June 30, 2000  compared to cash provided by operations
of $593,000 during the three-month  period ended June 30, 1999. A portion of the
cash consumed by operating losses for the three-month period ended June 30, 2000
was offset by a decrease  in  accounts  receivables  and  increases  in accounts
payables and accrued liabilities.

     Cash  used in  investing  activities  amounted  to  $4,453,000  during  the
three-month  period ended June 30, 2000 compared to $85,000 for the  three-month
period ended June 30, 1999. The increase in net cash outflow resulted  primarily
from the acquisition of Multi-User.

     Cash provided by financing  activities  amounted to  $5,321,000  during the
three-month  period  ended  June 30,  2000  compared  to cash used in  financing
activities of $465,000  during the  three-month  period ended June 30, 1999. The
increase in net cash inflow resulted  primarily from proceeds collected from the
issuance of stock and additional borrowings.

     Working capital amounted to $547,000 at June 30, 2000 compared  $155,000 at
March 31, 2000, an increase of $443,000.  The ratio of current assets to current
liabilities  at June 30, 2000 was 1.10 to 1.00 compared to 1.04 to 1.00 at March
31,  2000.  The  increase in working  capital  was  attributable  primarily  the
financing obtained in conjunction with the purchase of Multi-User.

OUTLOOK FOR REMAINDER OF FISCAL YEAR 2001
-----------------------------------------

     The Company will  continue to introduce  new products  during  fiscal 2001.
While the  beginning of fiscal 2001 was impacted by the  industry-wide  slowdown
due  partially  to the  delay  in  project  startups  following  the  year  2000
changeover,  the Company is optimistic that revenue will increase as fiscal 2001
progresses.  These increases will be driven by the  introduction of new products
and new technologies developed and brought to market over the last six months of
fiscal 2001. In addition,  significant revenues are anticipated from the service
and support business of Multi-User.

                                       9
<PAGE>

                           PART II - OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

          Not Applicable.

ITEM 2.   CHANGES IN SECURITIES

          In June 2000, the Company sold  1,249,671  shares of common stock at a
          price  of $3.25 to a  limited  number  of  accredited  investors  in a
          private placement being effected through a registered broker dealer as
          a placement  agent.  The private  placement  was  effected  pursant to
          Regulation D under the  Securities  Act of 1933.  The placement  agent
          received  $325,000  and a warrant  to  purchase  24,993  shares of the
          Company's  common  stock  for $3.25  per  share as  compensation.  The
          aggregate  proceeds  from such sales were used  primarily  to fund the
          cash  portion  of  the  acquisition  of  Multi-User.  As  part  of the
          acquisition of Multi-User, the Company issued 800,000 shares of common
          stock to the principal shareholders of Multi-User.

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES

          Not Applicable.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

          Not Applicable.

ITEM 5.   OTHER INFORMATION

          Not Applicable.

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

          Not Applicable.

                                       10
<PAGE>

                                   SIGNATURES

     In accordance  with the  requirements  of the Exchange Act, the  registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                COMPUTONE CORPORATION


Date:  August 14, 2000          By: /s/ Perry J. Pickerign
                                    ----------------------
                                    Perry J. Pickerign
                                    President and Chief Executive Officer
                                    (Principal Executive Officer)


                                By: /s/ Keith H. Daniel
                                    -------------------
                                    Keith H. Daniel
                                    Chief Financial Officer
                                    (Principal Financial and Accounting Officer)