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CWE REPORTS RECORD SALES AND INCOME FOR THE FIRST QUARTER ENDED SEPT. 30, 1993

 DENVER, Nov. 3 /PRNewswire/ -- CWE Inc. (NASDAQ: CWEX) today announced the highest sales and income in the company's history for the first quarter ended Sept. 30, 1993.
 Sales for the quarter increased 81 percent to $9,854,930 compared with $5,441,121 for the first quarter of 1992. Net income increased 90 percent to $93,136, or 4 cents per common share, compared with $49,147, or 4 cents per common share, reported for the prior year. The per share results reflect an increase in weighted average shares outstanding due to the completion of the company's Public Offering and the acquisition of Computer Systems Inc.
 Commenting on the results, Gregory E. Kinnear, president and chief executive officer, said, "Our strong 1993 first quarter results reflect the excellent performance of our subsidiary, CW Electronics, and also include, for the first time, operations of our subsidiary, Computer Systems Inc. which was acquired on June 30, 1993.
 "Computer Systems Inc. has done an excellent job of integrating into the company, aggressively growing their business and utilizing the lower cost of goods our combined operations provide. We plan to continue acquisition strategies designed to increase the company's net earnings." The company has entered into a Letter of Intent to merge with Foresight Solutions Inc., dba Connecting Point Computer Systems in Lawrence, Kan.
 CWE INC.
 Quarters Ended
 Sept. 30,
 1993 1992
 Net sales $9,854,930 $5,441,121
 Net income $93,136 $49,147
 Net income per share $0.04 $0.04
 Weighted average shares
 outstanding 1,939,712 896,954
 CWE conducts business operations through its PC Performance Centers(TM) and its subsidiaries, CW Electronics, located in Denver and Computer Systems, located in Omaha, Neb. Each of these businesses provides high quality, name brand products sold and serviced by well qualified and properly trained sales and service personnel with an emphasis on customer satisfaction.
 -0- 11/3/93
 /CONTACT: Gregory E. Kinnear of CWE, 303-866-9799, ext. 107; or Melissa Whitney Cromwell of The Whitney Group, 303-791-3154/
 (CWEX)


CO: CWE Inc. ST: Colorado IN: CPR SU: ERN

BB -- DV008 -- 0164 11/03/93 12:47 EST
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Publication:PR Newswire
Date:Nov 3, 1993
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