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DATACARD ANNOUNCES MANAGEMENT CHANGES

 DATACARD ANNOUNCES MANAGEMENT CHANGES
 MINNEAPOLIS, April 16 /PRNewswire/ -- DataCard Corporation announced


today that President and Chief Executive Officer Gary Holland has resigned and that two other senior executives will be changing their roles in the company.
 The changes come as the result of differences in expectations and management style between the executives and the company's board of directors, according to Holland. With over $300 million in sales, DataCard is the world's leader in producing and marketing plastic card equipment, products and services. The company is headquartered in Minneapolis and owned by the Dr. Herbert Quandt family of Germany.
 "I want to emphasize that my departure is friendly," said Holland. "I shall continue as CEO during the search for my successor to assist during the transition and have been asked by the owners to remain on the DataCard board after the new CEO arrives."
 Holland said that Philip Rootes, vice president and chief financial officer, and Clive Bradly, vice president for Europe, Africa and the Middle East, will also be leaving their present positions. Both will continue in their present jobs until their replacements are named and are currently discussing other opportunities within DataCard.
 Holland said that DataCard is now closing its books for the 1992 fiscal year with record sales, operating profit and cash flow. He said he does not expect any other executive changes. Further, the company will continue to pursue its current strategy for growth, expansion and profitability in its worldwide markets.
 "I continue to believe very strongly in DataCard and hope to continue to contribute to the company's future success through my role on the board," said Holland. "I've been in this job for over 10 years, and certain differences with the board that we were unable to resolve reminded me that change can be positive, and I've probably been in this position long enough."
 In a memorandum to DataCard employees announcing the management changes, Holland thanked the DataCard family for its strong support and contributions to the company's success in achieving a worldwide leadership position in its industry. He said he is now considering a number of other career opportunities, but has not yet made a decision.
 -0- 4/16/92
 /CONTACT: Mark Iverson of DataCard, 612-931-1763/ CO: DataCard Corporation ST: Minnesota IN: CPR SU: PER


KH -- MN006 -- 9358 04/16/92 14:00 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 16, 1992
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