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EVEREX ANNOUNCES NEW CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

 FREMONT, Calif., Dec. 28 /PRNewswire/ -- Everex Systems Inc. (NASDAQ-NMS: EVRX) today announced that Jack Kenney of Kenney Associates, has been appointed chief executive officer and a member of the board of directors, and Jack Kirby has been appointed chief financial officer of the company. Kenney and Kirby are experienced in financial restructurings of high technology companies and are expected to be active in working with company lenders and vendors on developing and implementing a program to address their concerns.
 Everex also announced that Steve Hui has resigned as chief executive officer and as a member of the board of directors effective Dec. 23, 1992. The board of directors stated that it is not aware of facts which support any allegations relating to receivable owed Everex by TechPower.
 The company also announced that additional workforce reductions have occurred as part of ongoing cost control activities. Approximately 200 employees were affected with about two-thirds in Fremont, the company's headquarters. Everex now employs just under 900 worldwide.
 The company also announced it expects to ship a portion of its backlog orders. Currently the company has $26 million in backlog orders primarily for 386 and 486 systems.
 Everex Systems Inc., a computer manufacturer headquartered in Fremont, designs, manufactures and distributes a complete family of network servers, personal computers and peripherals. Everex products are distributed through a worldwide dealer, VAR and distributor network. Everex stock is traded on the National Market System under the NASDAQ symbol EVRX. (Currently, the stock symbol is trading under the NASDAQ symbol EVRXe.)
 -0- 12/28/92
 /CONTACT: Michael Whalen, 510-683-2189, or Letty Dupuy, 510-683-2066, both of Everex/
 (EVRX)


CO: Everex Systems Inc. ST: California IN: CPR SU: PER

RS-TM -- SJ004 -- 0193 12/28/92 18:43 EST
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Publication:PR Newswire
Date:Dec 28, 1992
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