Computrex Centres Ltd. Announces Memorandum of Agreement.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 27, 1996--COMPUTREX CENTRES LTD. (VSE:CXC) The Company wishes to announce that the terms of a Memorandum of Agreement have been agreed to between G.M. (Mart) Kernahan and John Kernahan, directors of the Company (the "Selling Group"), on the one hand and Anthony Athaide, 523341 B.C. Ltd. (beneficial shareholder - Allen Schwabe), 519647 B.C. Ltd. (beneficial shareholder - William Friesen) and 520050 B.C. Ltd. (beneficial owner - Leslie Fennern) (the "Purchasing Group"), on the other, whereby the Purchasing Group will acquire from the Selling Group 2,000,000 shares in the capital of the Company.

519647 B.C. Ltd. will acquire an additional 150,000 shares of the Company, at $0.17 per share, such shares having been acquired by the Selling Group as a result of the exercise of certain Share Purchase Warrants attaching to a previously completed private placement of the Company.

Shareholder approval to the Purchase and Sale will be sought at the Company's 1996 Annual General Meeting, which is scheduled to be held on September 27, 1996.

The Company wishes to announce further that it will, subject to receipt of Regulatory approval, "close" the following transactions:

1. PRIVATE PLACEMENT

The offering, by way of Private Placement, of up to 2,000,000 Special Warrants of the Company, at $0.15 per Special Warrant. The Private Placement will be brokered by Canaccord Capital Corporation ("Canaccord").

Each Special Warrant will entitle the holder to receive, without additional payment, one (1) unit (a "Unit"). Each Unit will be comprised of one (1) common share of the Company and one (1) Share Purchase Warrant (a "Warrant"). Each Warrant will be exercisable for a two (2) year period, at $0.15 per Warrant during the first year and at $0.25 during the second year.

Canaccord will be paid a commission of 7 percent of the offering, payable in Special Warrants, at $0.15 per Special Warrant.

The Company will use its best efforts to obtain a receipt for a Prospectus in British Columbia, qualifying the issuance of the Units upon exercise of the Special Warrants, as soon as possible, and in any event, no later than 120 days from the "closing" of the Private Placement.

2. SHARES FOR DEBT

The settlement by the Company of substantially all of its outstanding debt, (approximately $250,000.00), by the issuance of approximately 1,666,666 shares in the capital of the Company.

3. INCENTIVE STOCK OPTIONS

The granting by the Company of Director and/or Employee Stock Options, to a maximum of 10 percent of the Company's issued capital, for a two (2) year period at a price of $0.15 per share. Formal documentation will be prepared in due course.

The above transactions are all made effective as of the later of October 15, 1996 and the date of receipt of applicable Regulatory and shareholder approval.

ON BEHALF OF THE BOARD OF DIRECTORS OF COMPUTREX CENTRES LTD.

John Kernahan Director -0-

Note to Editors: The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

CONTACT: Computrex Centres Ltd.

John Kernahan, 604/688-6306

800/545-7214

604/688-9519 (Fax)