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AMERICAN SPEEDY EMERGES FROM CHAPTER 11; COURT APPROVES PLAN OF REORGANIZATION

 BLOOMFIELD HILLS, Mich., March 22 /PRNewswire/ -- American Speedy Printing Centers today announced it has emerged from Chapter 11 with the approval of the U.S. Bankruptcy Court for the Eastern District of Michigan.
 The plan calls for American Speedy Printing Centers to be acquired by an investor group comprised of Joseph Inatome and Rick Inatome, co-founders of Inacomp Computer Centers; Detroit Piston Star Isiah Thomas; attorney Michael Wager; and the current American Speedy management. The Inatomes and Thomas will hold a majority interest in the company. The investor group will purchase American Speedy for $2.35 million with additional payments to creditors projected at $30 million over the next 7.5 years.
 "Our objective for 1992 was to stabilize the company and strengthen our base of franchised printing centers. We concentrated on delivering meaningful marketing and support programs to our franchisees, and as a result, our comparable center sales have risen 13.8 percent while the industry grew less than four percent," said William D. McIntyre, president and chief executive officer of American Speedy.
 "Now, as we look to the future, we will continue to emphasize the growth and profitability of our existing franchisees, while looking for opportunities to expand our network of franchised printing centers," said McIntyre. "Our board members include proven business executives who know our industry. In particular, they will help us build a stronger company that is more competitive in the rapidly changing printing and communications industry."
 McIntyre officially announced a new board of directors to lead the company. The new board includes: McIntyre, Joseph Inatome, Rick Inatome, Thomas, Wager, Jack Caffray and Albert Montross.
 "Through the strategic alliance between American Speedy management and our group, we will be able to bring new strength and capital to the organization and the franchisees," said Rick Inatome. "I'm looking forward to working with American Speedy management in our efforts to maintain a high level of support to its franchisees."
 Rick Inatome and his father Joseph founded the flagship corporation of Inacomp Computer Centers, Computer Mart Inc., in 1976. In 1991, the Inatomes masterminded the merger between Inacomp and ValCom Inc. to create InaCom Corp., one of the largest computer resellers in the industry, with combined annual revenues of more than $1 billion.
 American Speedy Printing Centers was founded in 1976. A group of full-service printers, American Speedy Printing Centers is headquartered in Bloomfield Hills and has more than 500 locations throughout the United States, Canada, Japan and the Philippines. In 1992, the company had systemwide sales of $154 million.
 AMERICAN SPEEDY PRINTING CENTERS BOARD OF DIRECTORS
 Joseph Inatome is a California-based venture capital investor. Together with his son, Rick, he founded Inacomp Computer Centers Inc. in July 1976 and served as president of that company until 1981 and as its chairman until 1989. In 1989, he founded Computer City Supercenter as a joint venture with Inacomp Computer Centers and Mitsubishi International. That venture was sold to Tandy Corp. in August 1991.
 Rick Inatome is the chairman of InaCom Corp. In 1991, as chairman and chief executive officer of Inacomp Computer Centers, Inatome effected the merger between Inacomp and ValCom Inc. to create InaCom Corp., a computer reseller and franchisor with annual revenues of approximately $1 billion. He is chairman of the board of the Henry Ford Medical Center Northeast Facilities. He is also a member of the board of Certus and Secom General Corp., as well as a director of a number of civic, educational and philanthropic organizations.
 Thomas is the internationally recognized star of the National Basketball Association's Detroit Pistons. He has been a professional basketball player for 11 years and is currently president of the NBA Players Association. In addition, he is actively engaged in endorsement relationships with Toyota and Coca-Cola, and a participant in civic and philanthropic initiatives, including drug use/abuse education and efforts on behalf of the homeless.
 McIntyre is president and chief executive officer of American Speedy Printing Centers Inc. He joined the corporate staff in December of 1990 as senior vice president. Prior to that he was executive vice president of Monroe Auto Equipment Co. with responsibilities for international operations and corporate planning. He is a director of Monroe Bank and Trust and Michigan Gas Utilities.
 Wager is a partner in the Corporate and Securities Practice Group of Bensech, Friedlander, Coplan & Aronoff, legal counsel to the Inatome Group. His practice includes corporate finance and venture capital, as well as mergers and acquisitions. He currently sits on the boards of directors of several private and public corporations, including Michael Anthony Jewelers Inc. (an AMEX-listed company), Reynard International Parners Ltd. (a British Virgin Islands-based investment company) and ARK Information Services Inc. (a New York-based information services company). In addition, he serves on the boards of numerous civic, arts and philanthropic organizations.
 Caffray is founder and president of Instant Copy of Indiana. This Fort Wayne-based printing chain has 12 locations in Indiana with sales of approximately $10 million. The company has consistently been ranked in the top 10 by Quick Printing magazine. Caffray is a past board member of the National Association of Quick Printers (NAQP) and in 1991 was recognized as Quick Printing's Man of the Year.
 Montross is currently vice president of marketing and sales for Distributed Processing Technology. Prior to holding this position he was vice president of corporate operations for Inacomp Computer Centers Inc.
 -0- 3/22/93
 /CONTACT: Lea-Ann Germinder or Debra Lain of Barkley & Evergreen, 913-432-2600 or 816-228-5259, for American Speedy Printing Centers/


CO: American Speedy Printing Centers ST: Michigan IN: SU:

MC -- DV002 -- 8199 03/22/93 11:38 EST
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