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DISCUSSIONS BETWEEN INTELLIGENT ELECTRONICS AND OFFICEMAX HAVE TERMINATED REGARDING BIZMART

 DISCUSSIONS BETWEEN INTELLIGENT ELECTRONICS AND OFFICEMAX
 HAVE TERMINATED REGARDING BIZMART
 EXTON, Pa., Nov. 2 /PRNewswire/ -- Intelligent Electronics, Inc. (NASDAQ-NMS: INEL) announced today that discussions for the possible sale of BizMart, Inc. to OfficeMax, Inc. have terminated without an agreement having been reached.
 Richard D. Sanford, Intelligent Electronics' chairman and chief executive officer, confirmed that the company is continuing to explore strategic opportunities for its businesses, which may include the sale of BizMart.
 /delval/
 -0- 11/2/92
 /CONTACT: Patrice Johnson, vp-Corporate Communications & Marketing of Intelligent Electronics, 215-458-6706/
 (INEL) CO: Intelligent Electronics, Inc.; BizMart, Inc.; OfficeMax, Inc. ST: Pennsylvania IN: REA SU:


MK -- PH003 -- 1400 11/02/92 09:12 EST
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Publication:PR Newswire
Date:Nov 2, 1992
Words:110
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