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ARCH COMMUNICATIONS ACQUIRES PAGING COMPANY IN NEW ENGLAND

 WESTBOROUGH, Mass. Aug. 23 /PRNewswire/ -- Arch Communications Group, Inc. (NASDAQ: APGR) has announced that as part of its ongoing acquisition program, it has acquired for an undisclosed amount of cash the assets of a privately owned paging business in Maine. The acquisition will add approximately 17,500 subscribers in service and will be folded into Arch's Page New England operations.
 Arch CEO C.E. Baker, Jr. commented on the transaction: "This acquisition is located within Arch's present Page New England market area and offers attractive opportunities for us to increase our market share in this region."
 Baker commented further on Arch's acquisition program: "With the closing of the transaction, we have acquired 24,500 subscriber units in our fiscal year 1993 which will conclude Aug. 31, 1993."
 In addition to acquisitions, Arch's growth has been achieved by rapidly growing existing businesses and by opening market expansions which are new sales offices in markets adjacent to existing operations. Through the first nine months of Fiscal 1993, Arch had added 45,519 net new subscriber units through internal growth. Arch expects to report the results of its Fourth Quarter and Year Ended Aug. 31, 1993, in the third week of October.
 Arch seeks to build shareholder equity by growing earnings before interest, taxes, depreciation and amortization, "EBITDA," and by increasing paging units in service. EBITDA, or operating cash flow, is the key performance measure for paging companies and is the basis for valuation as well as for borrowings from institutional lenders. The company believes that it can best grow EBITDA and paging units in service by establishing the lowest cost operating structure within its service areas, installing efficient high-quality transmission systems, and quickly and effectively responding to its customers through its decentralized organizational structure.
 Arch Communications Group, Inc. provides paging services in 13 states, serving primarily middle and small market areas with populations ranging from 250,000 to 1,000,000. The company's operations are organized into 5 business units operating as Page New England; Page New York; Page Michigan; Page South in North Carolina, South Carolina and Georgia; and Interlink Paging in Louisiana and Florida.
 -0- 8/23/93
 /CONTACT: William A. Wilson, vice president finance and CFO, Arch Communications, 508-898-0962/
 (APGR)


CO: Arch Communications; Page New England ST: Massachusetts IN: TLS SU: TNM

CM-DJ -- NE013 -- 5143 08/23/93 15:44 EDT
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Publication:PR Newswire
Date:Aug 23, 1993
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