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Applied Cellular Technology estimates 5 cent-per-share contribution to earnings from recently acquired East Coast computer parts distributor.

NIXA, Mo.--(BUSINESS WIRE)--Nov. 26, 1996--Applied Cellular Technology Inc. (NASDAQ:ACTC) management today estimated that its recent 80 percent acquisition of Universal Commodities Corp. will add an additional 5 cents to earnings per share in 1997.

Universal Commodities Corp. is a multi-faceted computer parts supplier, recycler and third-party support vendor for companies such as IBM, Comdisco, and Aurora Electronics.

Universal's businesses concentrate on the "after market" segment of the peripheral and mainframe supply markets in addition to third- party service support distribution of new and refurbished computer equipment. Recycling of precious metals and housing materials also play an important role in this company's continual earnings growth story.

Richard J. Sullivan, chairman and chief executive officer of Applied Cellular Technology, stated: "We estimate that Universal Commodities will contribute approximately $6 million to revenues and operating earnings of $640,000 in 1997, reflecting a 5 cent-per- share increase in 1997 earnings. This acquisition will create additional earnings growth capabilities in our other company subsidiaries as well as extend the capability to expand into much larger markets and achieve stronger operating margins."

Applied Cellular Technology Inc. is a diversified computer software and cellular communications service company specializing in RF wireless data and voice communication technologies.

CONTACT: REOVEST Inc., Golden, Colo.

Bob Oberndorf, 303/642-0073
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Publication:Business Wire
Date:Nov 26, 1996
Words:212
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