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THE FUTURE NOW, INC. FINALIZES ACQUISITION OF PREMIUM CONNECTING POINT

 CINCINNATI, Aug. 12 /PRNewswire/ -- The Future Now, Inc. (NASDAQ: FNOW), the Cincinnati-based computer sales and services company that focuses on total solutions for its clients, today finalized its acquisition of Premium Connecting Point of Irvine, Calif.
 Future Now has paid $1 million in cash and agreed to pay an additional $400,000 in a non-compete contract with the principal of the privately owned Premium Connecting Point. Terms include up to an additional $1.5 million earn-out provision, where certain agreed-upon objectives must be achieved over a three year duration. Premium's two Southern California locations reported revenues of $22 million for the fiscal year ended Sept. 30, 1992.
 Future Now Chairman and Chief Executive Officer Terry L. Theye said, "Finalizing this acquisition contributes toward our strategy of achieving leadership in key markets. Premium's managers will direct the marketing activities in the Greater Los Angeles area, and customers will benefit from an even more effective service presence."
 The Future Now, Inc. sells, installs and services microcomputers, UNIX workstations, turn-key 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 customer support and consulting services through its 29 sales offices in 17 states.
 -0- 8/12/93
 /CONTACT: David Durham of The Future Now, Inc., 513-792-4500, or Dennis J. Sullivan, Jr., of Dan Pinger Public Relations, Inc., 513-751-6161, for The Future Now, Inc./
 (FNOW)


CO: The Future Now, Inc.; Premium Connecting Point ST: Ohio, California IN: CPR SU: TNM

AR -- CL011 -- 2179 08/12/93 14:34 EDT
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Publication:PR Newswire
Date:Aug 12, 1993
Words:260
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