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BEST PROGRAMS, INC. POSTPONES INITIAL OFFERING

 RESTON, Va., June 10 /PRNewswire/ -- Software developer Best Programs, Inc. announced today that it would postpone the initial public offering of its stock. The decision was made after careful analysis of market and economic conditions.
 "In the past several weeks, we have noted that other-leading stocks in the high technology and software industries have not maintained the level of value they deserve in the financial markets," states Jim Petersen, chief executive officer of Best. "As a national leader in business software, we feel it is in the best interest of our company, our employees and our business partners to wait until conditions improve before offering our stock to the public."
 The postponement is not expected to have any appreciable effect on the company or its operations. The company will continue integration of recently-acquired product lines into the Best organization, and continue development of products previously announced for introduction this year.
 Best Programs, Inc. is a national publisher of business application software for the PC and is headquartered in Reston, Va. It has on-going relations with over 65,000 client customers and specializes in the tax, accounting, human resources and small business marketplaces.
 -0- 6/10/93
 /CONTACT: Jim Peterson, 703-709-5200, ext. 3016, or Dave McClure, 216-678-9015, both of Best Programs, Inc./


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

TM -- NY092 -- 0902 06/10/93 20:43 EST
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Publication:PR Newswire
Date:Jun 10, 1993
Words:230
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