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STANDARD LOGIC ANNOUNCES MERGER WITH APPOINT INC. UNCERTAIN

 STANDARD LOGIC ANNOUNCES MERGER WITH APPOINT INC. UNCERTAIN
 ANAHEIM, Calif., Aug. 19 /PRNewswire/ -- Standard Logic Inc. (NASDAQ: STDL) today announced that the previously announced proposed merger between Standard Logic's subsidiary and Appoint Inc. may not be consummated. Standard Logic entered into an agreement and plan of merger on Feb. 25, 1992, and subsequently filed a registration statement and proxy statement which remains pending before the Securities and Exchange Commission. As a result of Appoint's immediate need for additional working capital, Standard Logic has given its permission for Appoint to proceed with negotiations for third party financing. Appoint is presently negotiating such an arrangement with a third party which, if completed, would preclude the merger between Appoint Inc. and Standard Logic's subsidiary. Should such third party financing occur, Standard Logic and Appoint Inc. have agreed to negotiate a schedule for the repayment of approximately $1,540,000 principal amount of loans previously made by Standard Logic to Appoint Inc. In May 1992, National Investors Council Inc., a recently merged subsidiary of National Investors Capital Inc. (which is 26-percent owned by Standard Logic) published an article projecting the sales and profits for Appoint Inc. for the years 1992 and 1993 which Standard Logic now believes to be unachievable due to the actual performance of Appoint Inc. to date.
 -0- 8/19/92
 /CONTACT: Wes Baumgardner, CEO of Standard Logic, 714-632-9292, or Shannon T. Squyres, president of Corporate Relations Group, 714-955-1860, for Standard Logic/
 (STDL) CO: Standard Logic Inc.; Appoint Inc. ST: California IN: SU: TNM


AL-JB -- LA034 -- 1515 08/19/92 17:56 EDT
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Publication:PR Newswire
Date:Aug 19, 1992
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