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HA-LO ACQUIRES THE SOURCE

 SKOKIE, Ill., March 16 /PRNewswire/ -- HA-LO Industries, Inc. (NASDAQ: HALO) a leader in the distribution of specialty and premium advertising products announced it had acquired The Source, a privately- held, Chicago-based specialist in providing incentive programs for pharmaceuticals and medical companies. Terms of the transaction were not disclosed.
 "The Source is the prototypical company we seek to acquire -- a high quality organization, well positioned in a strong and growing niche market and easily integrated into HA-LO's operations," Lou Weisbach, president and chief executive officer, said.
 "The Source generated revenues of about $1.4 million last year and was highly profitable," he noted.
 "We are continuing our aggressive acquisition program, led by a member of the management team who is a former investment banker, with extensive acquisition experience," Weisbach concluded.
 -0- 3/16/93
 /CONTACT: Richard A. Magid of HA-LO Industries, 708-674-3900/
 (HALO)


CO: HA-LO Industries, Inc. ST: Illinois IN: SU: TNM

LR-SM -- NY046 -- 6597 03/16/93 13:39 EST
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Publication:PR Newswire
Date:Mar 16, 1993
Words:160
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