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BEST PROGRAMS, INC. FILES INITIAL PUBLIC OFFERING

 RESTON, Va., April 26 /PRNewswire/ -- Best Programs, Inc., announced Friday that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of 2,175,000 shares of its common stock. Of the shares being offered, 1,500,000 will be offered by Best and 675,000 will be offered by certain selling shareholders. It is currently estimated that the initial public offering price will be between $9 and $11 per share. There will be 6,709,950 shares outstanding after the offering.
 Furman Selz, Incorporated and Volpe, Welty & Company have been named as representatives of the underwriting group for the proposed offering.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Best develops, markets and supports a broad line of personal computer-based business application software for use by businesses and tax and accounting professionals.
 Best Programs, Inc., is located at 11413 Isaac Newton Square, Reston, Va. 22090. Phone, 800-368-2405 or 703-709-5200; Fax, 703-709-9359.
 -0- 4/26/93
 /CONTACT: Melody S. Ranelli, 703-709-5200, or Cathi Fradin, press liaison, 301-231-9393, both for Best Programs, Inc./


CO: Best Programs, Inc. ST: Virginia IN: CPR SU: OFR

KD-IH -- DC042 -- 0998 04/26/93 17:15 EDT
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Publication:PR Newswire
Date:Apr 26, 1993
Words:289
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