Computer Language Research, Inc. announces the acquisition of the assets of Renter Index, Inc. by its Rend Roll subsidiary.

CARROLLTON, Texas--(BUSINESS WIRE)--March 18, 1996--Computer Language Research, Inc. (Nasdaq/NM: CLRI), announced the acquisition of substantially all of the assets of Renter Index, Inc. by its wholly-owned Rent Roll subsidiary.

Renter Index is a privately held Dallas based corporation that provides applicant screening and other information services to multifamily property management and development companies in Texas.

While Renter Index services will continue to be sold to customers on a stand-alone basis, such services also will be integrated into Rent Roll's existing residential property management software, which includes the previously acquired software and services of Credit Interfaces. Rent Roll acquired Credit Interfaces, which performs essentially the same services as Renter Index, in January of this year.

The Company paid approximately $2.5 million in cash for substantially all of Renter Index's non-cash assets and entered into employment and non-compete agreements with the sole selling shareholder and an additional key employee. Renter Index's revenues were approximately $3.4 million in 1995. There is a possibility that a portion of the purchase price may be considered in-process R&D. The Company's auditors are evaluating the assets acquired and the allocation of the purchase price in order to make such a determination. If such a write-off is taken, this acquisition could be dilutive in 1996, but the Company expects that the acquisition will be additive to earnings in future years.

Lynn Finlinson, the president of Rent Roll, Inc. stated, "We are excited about adding the additional customers of Renter Index to our customer family and look forward to offering them additional products and services. Renter Index brings valuable additional informational databases to our product and service portfolio. These will be valuable to many of our customers. Apartment managers perform applicant screening inquiries annually on more than 60% of all conventional housing apartments in the country. We are optimistic that a significant percentage of those apartment managers who utilize our Rent Roll software will also migrate to our applicant screening service due to its ease of use and economical cost."

Diana Smith, founder of Renter Index, stated, "We are excited to become a part of CLR/Rent Roll. With its depth of resources and ability to provide technological, product development, and marketing support, we will be able to enhance the product line to meet the changing needs of our customers much faster." Ms. Smith will join Rent Roll, Inc. Renter Index plans to move into Rent Roll's offices, which are just a few blocks from its present location, in the near future but sees no immediate changes to the customer support procedures now in place or to the products offered to customers.

Computer Language Research, Inc. is headquartered in Carrollton, Texas, and maintains sales and support facilities throughout the United States. The Company provides tax and accounting information software and services to accounting firms, banks, corporations, and partnerships under the trade name Fast-Tax. Its property management software and services subsidiary develops and markets residential real estate software and services for property managers and developers under various trade names.

CONTACT: Computer Language Research, Inc., Carrollton

Robert H. Dilworth, 214/250-8679