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THE FUTURE NOW, INC. ANNOUNCES 1992 RESULTS

 CINCINNATI, Feb. 22 /PRNewswire/ -- The Future Now, Inc. (NASDAQ: FNOW) today reported net income of $5.7 million for the year ended Dec. 31, 1992, an increase of 90 percent over net income of $3.0 million reported for the year ended Dec. 31, 1991. Earnings per share totaled $1.27 for 1992 as compard with $1.01 for 1991.
 Revenues for 1992 totaled $343.0 million, an increase of 147 percent over the $138.7 million reported for 1991. Of the increase, $91.1 million, or 45 percent, was generated by sales offices operated by the company at year-end 1991, while $113.2 million, or 55 percent, was provided by operations acquired during 1992.
 Net income for the 1992 fourth quarter totaled $2.2 million, more than double the $1.0 million recorded for the fourth quarter of 1991. Revenues totaled $132.6 million during the 1992 fourth quarter as compared with $48.1 million for the comparable period in 1991.
 President and Chief Executive Officer Terry L. Theye commented, "The year was successful in terms of growth in sales and profitability. More importantly, it was a year in which the company capitalized, and prepared itself to continue to capitalize, on the consolidation taking place in the industry."
 The company also announced that Terry L. Theye was today elected chairman of the board. He will continue to serve as chief executive officer. Lewis E. Miller was elected president and chief operating officer. James J. Dealy was elected to the office of chairman of the executive committee.
 The Future Now sells, installs and services microcomputers, UNIX turnkey local and wide area network systems, computer software and peripheral products for business, professional, educational and governmental customers. The company also offers a wide range of sophisticated customer support and consulting services. With more than 1,000 employees, the company has 23 branch sales offices in 15 states.
 THE FUTURE NOW, INC.
 Three Months and Year Ended December 31, 1992
 (in thousands, except share and per share data)
 Three Months Ended
 December 31,
 1992 1991
 Revenues $132,557 $48,069
 Cost of Sales 111,346 39,748
 Gross Profit 21,211 8,321
 Operating Expenses 17,112 6,416
 Income From Operations 4,099 1,905
 Interest Expense 555 52
 Income Before Income Taxes 3,544 1,853
 Income Taxes (A) 1,368 844
 Net Income $2,176 $1,009
 Weighted Average Shares
 Outstanding 5,304,995 3,596,227
 Earnings Per Share $.41 $.28
 Year Ended
 December 31,
 1992 1991
 Revenues $343,000 $138,726
 Cost of Sales 283,066 114,653
 Gross Profit 59,934 24,073
 Operating Expenses 49,119 18,362
 Income From Operations 10,815 5,711
 Interest Expense 1,505 614
 Income Before Income Taxes 9,310 5,097
 Income Taxes (A) 3,601 2,092
 Net Income $5,709 $3,005
 Weighted Average Shares
 Outstanding 4,497,205 2,969,622
 Earnings Per Share $1.27 $1.01
 (A) -- Income taxes for year ended December 31, 1991 include a pro forma charge for income taxes as the Company was an S Corporation until its initial public offering in June 1991.
 -0- 2/22/93
 /CONTACT: David L. Durham of The Future Now, Inc., 513-792-4500/
 (FNOW)


CO: The Future Now, Inc. ST: Ohio IN: CPR SU: ERN

KK -- CL008 -- 8947 02/22/93 12:03 EST
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Date:Feb 22, 1993
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