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THE FUTURE NOW, INC. ANNOUNCES PROPOSED ACQUISITION OF COMPUTER RESELLER

THE FUTURE NOW, INC. ANNOUNCES PROPOSED ACQUISITION OF COMPUTER RESELLER
 CINCINNATI, Nov. 14 /PRNewswire/ -- The Future Now, Inc. (NASDAQ: FNOW), the Cincinnati-based computer reseller, today announced it had reached an agreement in principle for the acquisition of all of the common stock of Micro Computer Center, Inc., a reseller with operations in Little Rock, Ark., and Memphis, Tenn. Upon completion, which is anticipated in the latter half of November, the acquisition would be accounted for as a purchase.
 The combined revenue for the operations expected to be acquired totaled $14,600,000 for the nine months ended Sept. 30, 1991 and $14,400,000 for the year ended Dec. 31, 1990. Net income totaled $435,000 for the nine months ended Sept. 30, 1991, and $380,000 for the year ended Dec. 31, 1990. The aggregate purchase price, including debt of $660,000 assumed in the transaction, would total approximately $2,660,000, of which $1,250,000 would be payable in cash and $750,000 would be payable through the issuance of The Future Now common stock. The company would also enter into consulting and non-compete agreements with the selling shareholder requiring payments totaling $800,000 through January 1994.
 If completed, the acquisition would be the company's fourth during November 1991 and fifth since its initial public offering in June 1991. Other November 1991 acquisitions include computer reselling operations in Moline, Ill./Davenport, Iowa; Lexington, Ky. and Cleveland. The company also acquired reselling operations in Louisville, Ky. in July 1991.
 President and Chief Executive Officer Terry L. Theye commented, "We are very fortunate to be combining with operations of such high quality. As with each of our other acquisitions, the synergies provided by the combination should be significant in terms of both revenue enhancement and cost savings.
 "We continue to believe that the industry leaders in the future will be those companies which successfully manage the consolidation currently taking place in the industry. The Future Now is well positioned, from both financial and management standpoints, to capitalize on opportunities provided by this consolidation, and intends to do so."
 The Future Now sells, installs and services microcomputers, microcomputer software products and turn-key microcomputer systems for business, professional, educational and governmental customers. The company has sales offices in Cincinnati, Cleveland, Columbus and Dayton, Ohio; Indianapolis and Fort Wayne, Ind., Lexington and Louisville, Ky., Moline, Ill. and Davenport, Iowa.
 -0- 11/14/91
 /CONTACT: Christopher T. Feger of The Future Now, 513-771-7110/
 (FNOW) CO: The Future Now, Inc. ST: Ohio IN: CPR SU: TNM KK -- CL008 -- 4438 11/14/91 12:32 EST
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Publication:PR Newswire
Date:Nov 14, 1991
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