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POMEROY COMPUTER RESOURCES GETS APPROVAL FOR ACQUISITION OF TWO COMPUTERLAND FRANCHISE FACILITIES

 POMEROY COMPUTER RESOURCES GETS APPROVAL FOR ACQUISITION
 OF TWO COMPUTERLAND FRANCHISE FACILITIES
 CINCINNATI, Oct. 5 /PRNewswire/ -- Pomeroy Computer Resources, Inc. (NASDAQ: PMRY) today announced the receipt of required approval by ComputerLand Corporation of Pomeroy's planned acquisition of two additional ComputerLand franchise facilities.
 The Knoxville, Tenn., and Jacksonville, Fla., ComputerLands currently owned by C&N Corporation, are slated to become a part of the Pomeroy Computer Resources network before the end of the month. Combined gross revenues for the two facilities, which have a history of profitability, topped $12 million in 1991.
 CEO David B. Pomeroy stated, "The specific locations represent growth opportunities for the company. The increased volume and accompanying economies of scale will allow us to reduce selling, general, and administrative expenses as a percent of sales, and our strategic expertise and buying power represent additional margin enhancers. Exhaustive market research conducted prior to the offer suggests some attractive opportunities in the market, and our first priority will be to exploit those fully."
 The company declined to disclose financial specifics of the transaction, but stated that the final negotiated price has been based upon tangible net book value and expected future earnings streams.
 -0- 10/5/92
 /CONTACT: Addie Rosenthal of Pomeroy Computer Resources, Inc., 606-578-2100; or Suzanne Rabideau, 313-954-1901, for Pomeroy/
 (PMRY) CO: Pomeroy Computer Resources, Inc.; ComputerLand Corporation ST: Ohio IN: CPR SU: TNM


DH -- DE010 -- 6477 10/05/92 10:04 EDT
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Publication:PR Newswire
Date:Oct 5, 1992
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