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CWE INC. COMPLETES $2.5 MILLION PUBLIC OFFERING

 DENVER, July 1 /PRNewswire/ -- CWE Inc. (NASDAQ: CWEX) announced today that it has completed the sales of 625,000 shares of common stock in a public offering managed by Neidiger/Tucker/Bruner Inc.
 The net proceeds to the company are anticipated to be approximately $2,100,000. The company intends to use $300,000 of the net proceeds as partial payment in connection with the merger with Computer Systems Inc. The company also intends to establish at least one retail center offering exclusively upgrades and repair services, devoting approximately $400,000 to the establishment of this center. The remaining proceeds will be used for debt repayment, general corporate purposes and working capital, including establishment of other upgrade and repair service centers and possible mergers and acquisitions.
 CWE Inc. conducts business operations through its subsidiary, CW Electronics Sales Corp. ("CW Electronics"). CW Electronics considers itself to be the Rocky Mountain Region's premiere computer and consumer electronics retailer. CW Electronics believes that it has achieved this status during its 27-year history by providing high-quality products sold and serviced by well-qualified and properly trained sales and service personnel with an emphasis on customer satisfaction. Its Denver store carries the leading brands in the industry, including Apple, Compaq, Hewlett-Packard, IBM and SONY.
 -0- 7/1/93
 /CONTACT: Gregory Kinnear, president of CWE, 303-866-9799, ext. 107; or Melissa Whitney, investor relations, 303-791-3154, or 303-866-9799, ext. 310, for CWE/
 (CWEX)


CO: CWE Inc.; CW Electronics Sales Corp. ST: Colorado IN: CPR REA SU: OFR

MF-LM -- LA011 -- 7550 07/01/93 09:04 EDT
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Publication:PR Newswire
Date:Jul 1, 1993
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