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CMS/DATA CORPORATION REACHES AGREEMENT IN PRINCIPLE WITH THE QUARTEX CORPORATION

 TALLAHASSEE, Fla., April 20 /PRNewswire/ -- CMS/DATA Corporation (NASDAQ: LAWR) ("CMS") announced today that it had reached an agreement in principle with its principal shareholder, The Quartex Corporation ("Quartex"), Toronto, which contemplates an investment by Quartex in CMS of $5.0 million (Cdn.) in exchange for approximately 2,300,000 shares of additional common stock of CMS. Quartex currently owns 46 percent of CMS' outstanding common stock and following the proposed investment Quartex will own 67 percent. Currently Quartex controls 64 percent of CMS through voting agreements which will increase to approximately 80 percent as a result of this transaction.
 Quartex simultaneously announced today that it had entered into a letter of intent with Quorum Growth Inc. ("Quorum"), Toronto, pursuant to which Quorum will invest $5.5 million (Cdn.) in Quartex; of which Quartex will invest the $5.0 million (Cdn.) in CMS as discussed above.
 Completion of the proposed transactions are subject to the entering into of definitive agreements and the satisfaction of a number of conditions including completion of due diligence by Quorum, approval of the independent directors of CMS, receipt of all regulatory approvals and final approval of the board of directors of each company.
 As a result of one of the conditions to the proposed transaction, Quartex and CMS also announced today the appointment of two special committees comprised of independent directors. The purpose of these committees is to report back to their respective boards on a business combination plan for the two companies. CMS and Quartex believe that potential synergies exist between the two companies that warrant a possible business combination. There is no assurance as to whether or when a business combination will be structured that is acceptable to both committees or that the board of directors of either company will approve such a combination.
 CMS/DATA Corporation and its subsidiaries, CompInfo, Inc. and Canterbury Systems Corp. design, market and support and integrate systems for the legal profession; and its subsidiary, PC DOCS INC., targets its document management and control system product to business and government agencies, as well as the legal market.
 With this investment, Quorum Growth Inc. will have 14 investees in its portfolio, all of whom are emerging growth Canadian headquartered companies in the vertical information technology, niche manufacturing, consumer product distribution, or environmental sectors. Quorum favors high growth industries and targets companies with sales of approximately $10-25 million and strong export potential, which require capital to expand their businesses. The expansion capital provided by Quorum will normally finance geographic or product line expansion or diversification. At the end of March 1993, its market capitalization exceeded $55 million (U.S.).
 CMS, a subsidiary of Quartex, is listed on NASDAQ (symbol: LAWR).
 Quartex is a software company with its shares listed on the Toronto stock exchange (symbol: QTX.A).
 Quorum is an expansion capital company whose shares are listed on the Toronto and Montreal stock exchanges (symbol: QI).
 -0- 4/20/93
 /CONTACT: Rubin I. Osten, CEO of CMS/DATA Corporation, 904-878-5155/
 (LAWR)


CO: CMS/DATA Corporation; The Quartex Corporation ST: Florida IN: CPR SU:

AW-JB -- FL005 -- 7845 04/20/93 09:25 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
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