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INTELLIGENT ELECTRONICS INCREASES HOLDINGS IN THE FUTURE NOW

 EXTON, Pa., Oct. 20 /PRNewswire/ -- Intelligent Electronics, Inc. (NASDAQ-NMS: INEL), a leading delivery system of products and services to the computer technology industry, today increased its holdings in The Future Now, Inc. (NASDAQ-NMS: FNOW) to 31.1 percent, with the purchase of 681,447 shares of Future Now stock.
 The newly issued shares were priced at $12.8375.
 Intelligent Electronics Chairman and Chief Executive Officer Richard D. Sanford said the purchase brings IE's share of Future Now back to the original investment. "This stock purchase achieves mutual benefits: it enhances the financial strength of The Future Now, and it solidifies our relationship with a major customer," Sanford said. "Future Now has proven its ability to strengthen its business, using IE's distribution and configuration systems."
 Intelligent Electronics, headquartered in Exton, has two operating groups: The Reseller Network Division (RND) and InteLogistics. The Reseller Network is comprised of more than 1,700 specialists in approximately 900 communities throughout the United States. The Reseller Network provides technology solutions to education, government and large and small businesses. InteLogistics provides intra-company and third party logistics and customer fulfillment services.
 /delval/
 -0- 10/20/93
 /CONTACT: W.E. Walker, vp-investor relations/corporate communications, of Intelligent Electronics, 215-458-6668/
 (INEL FNOW)


CO: Intelligent Electronics, Inc.; The Future Now, Inc. ST: Pennsylvania IN: REA SU:

MK-MP -- PH004 -- 4391 10/20/93 08:45 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
Words:225
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