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THE FUTURE NOW, INC. ANNOUNCES FIRST QUARTER 1993 RESULTS

 CINCINNATI, May 6 /PRNewswire/ -- The Future Now, Inc. (NASDAQ: FNOW), the Cincinnati-based computer sales and service company, today announced net income for the 1993 first quarter of $1,685,000, an increase of 70 percent over net income of $990,000 reported for the 1992 first quarter. Earnings per share totaled $.30 for the 1993 first quarter as compared with $.27 for the first quarter of 1992. The 1993 per share amount was affected, as compared with the 1992 first quarter, by the dilutive effect of the company's July 1992 issuance of 1,638,377 shares of common stock to Intelligent Electronics, Inc. ("Intelligent"), in exchange for Intelligent's nine computer reselling operations, and the company's March 1993 issuance of 1,467,500 shares in a public offering. Revenue increased to $136,573,000 for the 1993 first quarter, more than twice the revenue of $50,928,000 reported for the comparable period in 1992.
 President and Chief Executive Officer Terry L. Theye commented: "We continue to be pleased with our quarterly results. Just as importantly, the company significantly strengthened its already strong financial position during the 1993 first quarter through the completion of its public equity offering, which enhances the company's ability to continue to capitalize on the consolidation taking place in the industry."
 The Future Now sells, installs and services microcomputers, UNIX turnkey local and wide area network systems, computer software and peripheral products for business, professional 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 Ended March 31,
 (in thousands, except share and per share data)
 1993 1992
 Revenues $136,573 $50,928
 Cost of Sales 114,406 41,097
 Gross Profit 22,167 9,831
 Operating Expenses 18,697 7,954
 Income from Operations 3,470 1,877
 Interest Expense 614 254
 Income before Income
 Taxes 2,856 1,623
 Income Taxes 1,171 633
 Net Income $1,685 $990
 Weighted Average
 Shares Outstanding 5,555,061 3,682,923
 Earnings per Share $.30 $.27
 -0- 5/6/93
 /CONTACT: David L. Durham, vice president and chief financial officer, The Future Now, Inc., 513-792-4500/
 (FNOW)


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

AR -- CL023 -- 5595 05/06/93 15:41 EDT
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Publication:PR Newswire
Date:May 6, 1993
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