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INTELLIGENT ELECTRONICS ANNOUNCES BIZMART EXPANSION PLANS OPENS TWO NEW MEGACENTERS

 INTELLIGENT ELECTRONICS ANNOUNCES BIZMART EXPANSION PLANS
 OPENS TWO NEW MEGACENTERS
 EXTON, Pa., April 21 /PRNewswire/ -- Intelligent Electronics, Inc. (NASDAQ-NMS: INEL), today announced plans to accelerate the expansion of its BizMart chain.
 The company said it anticipates it will open 60 new large-format supercenters during the company's 1992 fiscal year beginning Feb. 2, 1992, and ending Jan. 30, 1993. The plan will bring the total number of BizMart locations to 130 by fiscal year end.
 According to James Berk, president of Intelligent's Consumer Retail Group, the company's board of directors recently approved a plan to accelerate the expansion of the chain and increase the company's investment in its future growth. Berk said the company is making this investment, plus incurring the costs associated with the early stages of operations, to capture market share and build customer loyalty.
 "Accelerating the chain's expansion is a re-affirmation of the board's enthusiastic commitment to supercenter retailing," he said.
 Since its acquisition of BizMart and its 57 locations last June, Intelligent has opened 22 new supercenter locations and entered 12 new markets. Today, the BizMart chain operates 79 locations in 34 major markets nationwide, representing more than 1.5 million square feet of retail space. Next Sunday, April 26, the company will increase its store count by two as it conducts grand openings for new BizMart megacenters, featuring the chain's 30,000 square foot shopping environment, in Orlando, Fla. and Richmond, Va.
 /delval/
 -0- 4/21/92
 /CONTACT: Patrice Johnson of Intelligent Electronics, 215-458-6706/
 (INEL) CO: Intelligent Electronics, Inc. ST: Pennsylvania IN: REA SU:


JS -- PH048 -- 0866 04/21/92 16:32 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
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