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HARLAND TO PURCHASE ROCKY MOUNTAIN BANK NOTE

 ATLANTA, Nov. 16, ~PRNewswire~ -- John H. Harland Company (NYSE: JH) has signed a definitive agreement to purchase the assets of Rocky Mountain Bank Note Company for cash.
 The agreement is subject to due diligence and regulatory approval. The transaction is expected to be completed by Jan. 1, 1993.
 Rocky Mountain Bank Note is a Lakewood, Colo.-based check printer with operations concentrated in the Rocky Mountain and Western states. Rocky Mountain is a wholly owned subsidiary of ROMO Corporation, which is privately held. Rocky Mountain anticipates 1992 revenues of approximately $80 million.
 "The acquisition of Rocky Mountain will improve Harland's presence and enhance service capabilities in the western United States," said Robert R. Woodson, Harland chairman, president and chief executive officer. Woodson also added that he expects the acquisition could have a slight dilutive impact on 1993 earnings.
 Harland reported net sales of $331.4 million and net income of $43.1 million for the nine months ended Sept. 30, 1992.
 Atlanta-based Harland is one of the nation's largest check printers and serves the financial community with a variety of related products and services. In addition, Harland is a national participant in the data services industry, serving educational and commercial markets. Harland has production facilities for its business units across the United States and in Puerto Rico and Switzerland.
 -0- 11~16~92
 ~CONTACT: Robert R. Woodson, chairman, president and chief executive officer, or Michael S. Rupe, senior vice president, of John H. Harland Company, 404-981-9460, ext. 5614~
 (JH)


CO: John H. Harland Company; Rocky Mountain Bank Note Company; ROMO
 Corporation ST: Georgia, Colorado IN: FIN SU: TNM


EA -- AT007 -- 1379 11~16~92 14:46 EST
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Publication:PR Newswire
Date:Nov 16, 1992
Words:277
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