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DATASOUTH COMPUTER CORPORATION ANNOUNCES COMPLETION OF PURCHASE OF SHARES BY BULL RUN CORPORATION

 CHARLOTTE, N.C., April 28 /PRNewswire/ -- Today, Datasouth Computer Corporation (NASDAQ-NMS: DSCC) announced that at a special meeting of shareholders held April 26, 1993, a proposal was approved to change Datasouth's state of incorporation from North Carolina to Delaware. The approval of this change facilitated the previously announced acquisition of a 43.6 percent block of Datasouth shares by Bull Run Corporati (NASDAQ-NMS: BULL), sold by The Cold Heading Company and certain other individual shareholders affiliated with Cold Heading.
 Shareholders representing 5,459,657 shares or 95.9 percent of the company's 5,690,500 outstanding shares voted to approve the reincorporation. The North Carolina Shareholder Protection Act demands approval from at least 95 percent of the outstanding shares to pass the reincorporation proposal.
 At a subsequent meeting of the Board of Directors of Datasouth, Paul E. Morath, chairman of the board, and Carl Morath resigned as directors of Datasouth. They were replaced by Robert S. Prather, Jr., chairman of the board of Bull Run, and J. Mack Robinson, a director of Bull Run. Prather was named as the new chairman of the board of Datasouth.
 Prather stated: "We plan to support Datasouth's use of its available cash and marketable securities of approximately $10 million to aggressively promote growth and diversification both internally and through strategic acquisitions, which may be in fields unrelated to the company's current line of business."
 Datasouth President and Chief Executive Officer Jim Busby commented: "We are pleased that our shareholders have voted to approve the reincorporation into Delaware. We believe this change will provide us with better opportunities to build our business, and we look forward to working with Bull Run to build value for the benefit of all shareholders."
 -0- 4/28/93
 /CONTACT: Investor Relations, Datasouth Computer Corporation, 704-523-8500 or 800-476-2120/
 (DSCC BULL)


CO: Datasouth Computer Corporation; Bull Run Corporation; The Cold
 Heading Company ST: North Carolina, Delaware IN: CPR SU:


SB -- CH010 -- 1957 04/28/93 11:27 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
Words:327
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