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QUICKRESPONSE SERVICES FILES FOR INITIAL PUBLIC OFFERING OF 3,500,000 SHARES OF COMMON STOCK

 RICHMOND, Calif., July 15 /PRNewswire/ -- QuickResponse Services Inc. (QRS) announced today that it has filed a registration statement with the Securities and Exchange Commission with respect to a proposed initial public offering of 3,500,000 shares of common stock by the company. The offering price of the stock is expected to be between $9 and $11 per share. The offering will be managed by Alex. Brown & Sons Inc. and Robertson, Stephens & Co., L.P.
 The net proceeds to the company will be used to repay indebtedness, provide additional working capital and for general corporate purposes.
 QRS provides a centralized product information database ("The QRS Catalog") and electronic data interchange services ("EDI services") to retailers and merchandise suppliers, or vendors, to automate and improve their merchandise management. The QRS Catalog was the first independent product information database using the industry standard Uniform Product Code ("UPC") numbering system. As of June 30, 1993, The QRS Catalog contained more than 20 million merchandise items available from 398 vendors. Retailers and vendors access The QRS Catalog and electronically exchange industry standard business documents using EDI services that QRS remarkets under an arrangement with Advantis, a communications network provider. As of June 30, 1993, the company's EDI services enabled 93 retailers and 2,270 vendors to exchange electronically purchase orders, invoices, shipping notices and other business documents, including information from The QRS Catalog. These services permit retailers and their vendors to implement a merchandise management strategy known as quick response: having the right product, in the right store location, at the right time and at the right price.
 Copies of the prospectus relating to the offering may be obtained from Alex. Brown & Sons Inc., 135 E. Baltimore St., Baltimore, MD 21202, or Robertson, Stephens & Co., L.P., 555 California St., San Francisco, CA 94111.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 7/15/93
 /CONTACT: Stephen Imbler, chief financial officer, of QuickResponse Services, 510-215-5000/


CO: QuickResponse Services Inc. ST: California IN: CPR SU: OFF

LH-TM -- SF003 -- 1743 07/15/93 07:56 EDT
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Publication:PR Newswire
Date:Jul 15, 1993
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