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INTELLIGENT ELECTRONICS TO REPURCHASE STOCK AND PAY SPECIAL DIVIDEND

 EXTON, Pa., May 3 /PRNewswire/ -- Intelligent Electronics, Inc. (NASDAQ-NMS: INEL) today announced its board of directors has authorized the company to use portions of its working capital and the cash proceeds from the sale of its BizMart Inc. subsidiary in the following ways:
 A) To expand its previously authorized open market share repurchase program up to an aggregate of approximately 7 million of its common shares.
 B) To pay a one-time, special dividend of $2 per share on June 1, 1993, to shareholders of record on May 17.
 C) To allocate the balance of the sale proceeds for general corporate purposes.
 Previously, the company had satisfied all its long-term debt and repurchased approximately 2.5 million shares of its stock. The newly authorized repurchases, when combined with the completed ones, will enable Intelligent to repurchase approximately 19 percent of the 36.9 million shares outstanding last December when the company announced its first repurchase authorization.
 In determining use of proceeds, the company's board took a balanced approach, designed to achieve three primary objectives:
 1) Enhance shareholder value,
 2) Recognize long-term shareholders for their support, and
 3) Maintain and enhance the company's premier position in the industry.
 Richard D. Sanford, Intelligent's chairman and CEO, said, "With the cash received from the disposition of BizMart, significant free cash flows generated from operations, and all our long-term debt satisfied, Intelligent is probably the best positioned, most fundamentally sound reseller organization in the industry."
 Intelligent Electronics comprises the nation's leading delivery system of technology products and services. The company operates two divisions: The Reseller Network Division (RND) and InteLogistics. The Reseller Network Division is composed of systems specialists in more than 900 communities throughout all 50 states of the nation. RND's network provides technology solutions to education, government, and large and mid-sized businesses. InteLogistics provides intra-company and third party logistics and customer fulfillment services.
 /delval/
 -0- 5/3/93 R
 /CONTACT: Patrice Johnson, vp-Corporate Communications & Marketing, 215-458-6706, or Stephanie Cohen, vp-Investor Relations, 215-458-6603, both of Intelligent Electronics/
 (INEL)


CO: Intelligent Electronics, Inc. ST: Pennsylvania IN: REA SU:

MK -- PH003 -- 3570 05/03/93 08:41 EDT
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Publication:PR Newswire
Date:May 3, 1993
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