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INTELLIGENT ELECTRONICS TO EXPLORE STRATEGIC ALTERNATIVES

 INTELLIGENT ELECTRONICS TO EXPLORE STRATEGIC ALTERNATIVES
 EXTON, Pa., July 20 /PRNewswire/ -- Intelligent Electronics Inc. (NASDAQ-NMS: INEL) confirmed today it is exploring strategic alternatives for the company and has retained Merrill Lynch & Co. as its financial advisor.
 Richard D. Sanford, chairman and chief executive officer of Intelligent, said, "Our goal is to maximize shareholder value. Our board of directors believes there is a significant gap between the company's current market valuation and its inherent value. Accordingly, the company is exploring a variety of strategic opportunities to enable its intrinsic worth to be more accurately reflected in the marketplace."
 Intelligent Electronics is a leading source of productivity solutions for offices, whether at home or at work. The company serves the wholesale distribution segment and the consumer retail segment of the marketplace through its three divisions: The Reseller Network Division, the Consumer Retail Division (BizMart), and the Distribution Services Division.
 /delval/
 -0- 7/20/92
 /CONTACT: Patrice W. Johnson of Intelligent Electronics, 215-458-6706/
 (INEL) CO: Intelligent Electronics, Inc. ST: Pennsylvania IN: REA SU:


CC -- PH026 -- 0936 07/20/92 17:04 EDT
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Publication:PR Newswire
Date:Jul 20, 1992
Words:179
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