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ALCO STANDARD ACQUIRES ADVANCED BUSINESS SYSTEMS

 ALCO STANDARD ACQUIRES ADVANCED BUSINESS SYSTEMS
 VALLEY FORGE, Pa., Sept. 24 /PRNewswire/ -- Alco Standard


Corporation (NYSE: ASN) today announced the acquisition of Advanced Business Systems of Metairie, La., for an undisclosed amount of cash.
 The company sells, leases and services Canon copiers and facsimile equipment. It will become a market extension of Innovative Office Systems under the direction of Harry M. Farnham III, president.
 Combined 1992 annual revenues for Advanced Business Systems and Innovative, which is headquartered in Dallas, are projected to exceed $40 million.
 Innovative Office Systems is one of 50 operating companies within Alco Office Products, the largest network of independent copier and office equipment dealers in North America and the only independent distribution network with national scope.
 Alco Office Products, headquartered in Valley Forge, ended fiscal 1991 with revenues exceeding $1 billion and operating income of $80 million, representing a 35 percent increase in earnings over fiscal 1990. For the first nine months of fiscal 1992, operating income jumped 29 percent over the first nine months of fiscal 1991.
 Alco Standard Corporation, also headquartered in Valley Forge, is a publicly owned distribution and specialty services company. For its fiscal year ended Sept. 30, 1991, revenues were $4.8 billion.
 /delval/
 -0- 9/24/92
 /CONTACT: David B. Kirkland of Alco Standard, 215-993-3730, or at home, 215-542-9025/
 (ASN) CO: Alco Standard Corporation; Advanced Business Systems ST: Pennsylvania IN: PAP SU: TNM


MJ-MP -- PH040 -- 3233 09/24/92 15:38 EDT
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Publication:PR Newswire
Date:Sep 24, 1992
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