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DIGITAL COMMUNICATIONS AND INTERCOMPUTER COMMUNICATIONS AGREE TO MERGE FOR $8.2 MILLION IN CASH, PLUS STOCK

 DIGITAL COMMUNICATIONS AND INTERCOMPUTER COMMUNICATIONS
 AGREE TO MERGE FOR $8.2 MILLION IN CASH, PLUS STOCK
 ALPHARETTA, Ga., April 3 /PRNewswire/ -- Digital Communications Associates Inc. (NYSE: DCA) today announced it has reached an agreement to acquire by merger Intercomputer Communications Corp. (ICC) for $8.2 million in cash and approximately 657,000 shares of DCA common stock which have a trading value of approximately $12.9 million, based on the closing price of DCA common stock on April 2.
 The merger, expected to close within 45 days, is subject to certain conditions in the agreement customary for transactions of this type.
 Based in Cincinnati and privately held, ICC develops and markets communications products worldwide that connect microcomputers and minicomputers to Unisys mainframe computers and local area networks (LANs).
 "The addition of ICC's products to the DCA family of products that connect microcomputers to IBM mainframe computers will further our goal of providing cross-platform connectivity across a broad range of computing environments," said C. "Garry" Betty, DCA president and chief executive officer.
 "DCA AND ICC have common core technologies and will be able to leverage our investments in client/server computing and open systems transport as they relate to the future of microcomputer to mainframe computer communications," said William Miller, ICC founder and chief executive officer.
 Miller said ICC had $17.2 million in sales and $975,000 in profits during its last fiscal year ended June 30, 1991. For the first nine months of its current fiscal year, ICC sales were approximately $17.4 million, approximately 50 percent over the same period a year ago, Miller said.
 Founded in 1983, ICC has about 200 employees and offices in the U.S., Canada, Europe and Japan. The company's key product lines include INFOConnect open systems technology and Remote LAN Node (RLN). ICC operations will continue to be based in Cincinnati.
 DCA common stock issued in conjunction with the transaction will not be registered under federal securities laws. Accordingly, DCA believes this will impact the current value of the DCA shares delivered in the merger transaction and will record a 30 percent discount from the publicly traded market value of the shares in the transaction. DCA does not expect that this transaction will be dilutive to its earnings per share.
 Located 30 miles north of Atlanta, DCA designs, manufactures, markets and supports products worldwide that enhance the productivity of users of personal computers. In its last fiscal year ended June 30, 1991, DCA reported sales of $192 million and $15.4 million in profits.
 -0- 4/3/92
 /CONTACT: William Marks, 404-442-4520 (office), 404-987-9565 (after hours), or 404-690-6665 (beeper), or ANALYSTS: Kathy Hassett, 404-442-4268, both of Digital Communications Associates/
 (DCA) CO: Digital Communications Associates ST: Georgia IN: CPR SU: TNM


EA-BR -- AT004 -- 4792 04/03/92 11:05 EST
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Publication:PR Newswire
Date:Apr 3, 1992
Words:467
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