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INTELLIGENT ELECTRONICS REPORTS 21 PERCENT INCREASE IN BIZMART SAME STORE SALES

 INTELLIGENT ELECTRONICS REPORTS 21 PERCENT
 INCREASE IN BIZMART SAME STORE SALES
 EXTON, Pa., Oct. 8 /PRNewswire/ -- Intelligent Electronics, Inc. (NASDAQ-NMS: INEL) announced today that its chain of BizMart supercenters increased same store cash register sales 21 percent during the five-week period ending Oct. 3, 1992.
 Sixty-five BizMart supercenters have been opened a year or more and are included in the calculation, which reflects all company-owned and franchisee sales through BizMart's registers. The growth figure compares to same store sales increases of 32 percent reported for the same period last year when BizMart had 41 stores a year or more old.
 September marked one of the first months in which BizMart's sales compared to its prior year's sales with branded computer products. Last year at this time, the chain first introduced the concept of selling Apple, IBM, Compaq and Hewlett-Packard products in its Denver, Colorado; and Dallas/Fort Worth, Houston, and San Antonio, Texas, markets.
 At the close of this September period, BizMart's comparable store sales of traditional office products lines were up 8 percent. Computers and related products accounted for approximately 33 percent of BizMart's cash register sales.
 On Sept. 26, BizMart opened its 100th supercenter in Germantown, Tenn., marking the chain's presence in 52 markets and 21 states. By the end of its fiscal year, Jan. 30, 1993, the company expects to have up to 105 BizMart locations in operation.
 Intelligent Electronics, a leading source of office productivity solutions, operates three divisions: Consumer Retail, Reseller Network, and Distribution Services. BizMart supercenters offer value-priced products and services for offices, at home or at work, through more than 2 million square feet of retail selling space nationwide.
 /delval/
 -0- 10/8/92
 /CONTACT: Patrice W. Johnson, vice president-Corporate Communications & Marketing of Intelligent Electronics, 215-458-6706/
 (INEL) CO: Intelligent Electronics, Inc.; BizMart ST: Pennsylvania IN: REA SU:


CC -- PH042 -- 8064 10/08/92 16:42 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
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