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THE FUTURE NOW, INC. ANNOUNCES SECOND QUARTER 1992 RESULTS

 THE FUTURE NOW, INC. ANNOUNCES SECOND QUARTER 1992 RESULTS
 CINCINNATI, July 30 /PRNewswire/ -- The Future Now, Inc. (NASDAQ: FNOW), the Cincinnati-based computer sales and service company, today announced net income for the 1992 second quarter of $1,028,000, an increase of 56 percent over net income of $659,000 reported for the 1991 second quarter. Earnings per share totaled $.28 for the 1992 second quarter as compared with an identical amount for the second quarter of 1991. The 1992 per share amount was adversely affected, as compared with the 1991 second quarter, by the dilutive effect of the company's sale of 1,250,000 shares of common stock in its initial public offering on June 28, 1991. Revenues increased to $58,120,000 for the 1992 second quarter, an increase of 88 percent over revenues of $30,989,000 reported for the comparable period in 1991.
 First half 1992 net income totaled $2,017,000, or $.55 per share, as compared with net income of $1,161,000, or $.50 per share, for the same period in 1991. First half 1992 revenues totaled $109,048,000, an increase of 85 percent over 1991 first half revenues of $58,825,000.
 President and chief executive officer Terry L. Theye commented, "We are pleased with our quarterly results and the strong financial position of the company and remain extremely optimistic about the opportunities created by the company's acquisition earlier this month of the nine reselling operations owned by Intelligent Electronics."
 The Future Now sells, installs and services microcomputers, microcomputer software products and turn-key microcomputer systems for business, professional, education and governmental customers. With more than 900 employees, the company has 23 sales offices in 15 states.
 THE FUTURE NOW, INC.
 Three Months and Six Months Ended June 30, 1992
 (in thousands, except share and per share data)
 Three Months Ended
 June 30
 1992 1991
 Revenues $58,120 $30,989
 Cost of Sales 46,911 25,543
 Gross Profit 11,209 5,446
 Operating Expenses 9,262 4,111
 Income From Operations 1,947 1,335
 Interest Expense 289 251
 Income Before Income Taxes 1,658 1,084
 Income Taxes (Note) 631 425
 Net Income $1,027 $ 659
 Weighted Average Shares
 Outstanding 3,679,744 2,354,820
 Earnings Per Share $.28 $.28
 Six Months Ended
 June 30
 1992 1991
 Revenues $109,048 $58,825
 Cost of Sales 88,008 48,622
 Gross Profit 21,040 10,203
 Operating Expenses 17,216 7,750
 Income From Operations 3,824 2,453
 Interest Expense 543 543
 Income Before Income Taxes 3,281 1,910
 Income Taxes (Note) 1,264 749
 Net Income $2,017 $1,161
 Weighted Average Shares
 Outstanding 3,683,024 2,334,329
 Earnings Per Share $.55 $.50
 Note -- For 1991, income taxes represents a pro forma charge for income taxes as the company was an S Corporation until its initial public offering in June 1991.
 -0- 7/30/92
 /CONTACT: David L. Durham of The Future Now, Inc., 513-771-7110/
 (FNOW) CO: The Future Now, Inc. ST: Ohio IN: CPR SU: ERN


KK -- CL021 -- 5232 07/30/92 15:38 EDT
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Date:Jul 30, 1992
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