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THE FUTURE NOW, INC. ANNOUNCES THIRD-QUARTER 1992 RESULTS

 THE FUTURE NOW, INC. ANNOUNCES THIRD-QUARTER 1992 RESULTS
 CINCINNATI, Nov. 5 /PRNewswire/ -- The Future Now, Inc. (NASDAQ: FNOW), the Cincinnati-based computer sales and service company, today announced net income for the 1992 third quarter of $1,516,000, an increase of 82 percent over net income of $835,000 reported for the 1991 third quarter. Earnings per share totaled $0.29 for the 1992 third quarter as compared with $0.23 for the third quarter of 1991. The 1992 per-share amount was affected, as compared with the 1991 third quarter, by the dilutive effect of the company's July 2, 1992, issuance of 1,638,377 shares of common stock to Intelligent Electronics, Inc ("Intelligent") in exchange for Intelligent's nine computer reselling operations. Revenues increased to $101,396,000 for the 1992 third quarter, more than three times' the revenues of $31,832,000 reported for the comparable period in 1991.
 Net income for the first nine months of 1992 totaled $3,533,000, or $0.84 per share, as compared with net income of $1,996,000, or $0.73 per share for the same period of 1991. Revenues for the first nine months of 1992 totaled $210,444,000, or more than double the revenues of $90,656,000 reported for the first nine months of 1991.
 President and Chief Executive Officer Terry L. Theye commented: "We are pleased with our quarterly results and the strong financial position of the company. As expected, the synergies provided by our July acquisition of the Intelligent operations have been significant to the company in terms of both revenue enhancement and cost savings.
 "The industry leaders during the 1990s will be those resellers who most effectively capitalize on the opportunities provided by the consolidation currently taking place in the industry. The Future Now continues to be well-positioned, from financial, managerial and administrative efficiency standpoints, to do so."
 The Future Now sells, installs and services microcomputers, UNIX and network systems and peripheral products and provides consulting with respect to complex local and wide-area network integration for business, professional, educational and governmental customers. With more than 900 employees, the company has 23 sales offices in 15 states.
 THE FUTURE NOW, INC.
 Three Months and Nine Months Ended Sept. 30, 1992
 (in thousands, except share and per share data)
 Three Months Ended Nine Months Ended
 Sept. 30 Sept. 30
 1992 1991 1992 1991
 Revenues $101,396 $ 31,832 $210,444 $ 90,656
 Cost of sales 83,712 26,283 171,720 74,685
 Gross Profit 17,684 5,549 38,724 15,971
 Operating expenses 14,792 4,197 32,008 12,166
 Income from operations 2,892 1,352 6,716 3,805
 Interest expense 407 18 950 561
 Income before income taxes 2,485 1,334 5,766 3,244
 Income taxes (Note) 969 499 2,233 1,248
 Net income $ 1,516 $ 835 $ 3,533 $ 1,996
 Weighted average shares
 outstanding 5,286,474 3,563,611 4,224,347 2,748,593
 Earnings per share $.29 $.23 $.84 $.73
 Note: For the nine months ended Sept. 30, 1991, income taxes include a pro forma charge for income taxes as the company was an S Corporation until its initial public offering in June 1991.
 -0- 11/5/92
 /CONTACT: David L. Durham, vice president of finance, The Future Now, 513-771-7110/
 (FNOW) CO: The Future Now, Inc. ST: Ohio IN: CPR SU: ERN


DH-KE -- CL019 -- 7835 11/05/92 15:09 EST
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Date:Nov 5, 1992
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