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UNIQUEST COMPLETES $4.2 MILLION FINANCING

 JACKSONVILLE, Fla., April 15 /PRNewswire/ -- UNIQUEST Incorporated (NASDAQ: UQST) announced today the private placement of $4.2 million of its Series E cumulative convertible preferred stock completed on April 14, 1993.
 The purchase of Series E preferred stock was made by Canaan Partners, L.P. of Rowayton, Conn., and The St. Paul Companies of St. Paul, Minn. Proceeds of the offering will be used for working capital to finance the operating growth of UNIQUEST. The Series E purchase is the second investment in UNIQUEST by Canaan and St. Paul, who jointly purchased $6.1 million of Series D cumulative convertible preferred stock in May 1992.
 August P. Klein, president and chief executive officer, stated: "This additional investment by Canaan and St. Paul not only provides us with the capital necessary to achieve our growth plan, but it is also a tangible expression of satisfaction with the company's performance as well as recognition of the opportunity for future appreciation of value. In the 10 months since they made their initial investment, we have completed four acquisitions to significantly expand the menu of integrated solutions available to our customers, obtained the first two multiple store orders for our ACM(R) product from major food retailers, and achieved profitable operations while enhancing and developing our software products. This financing positions us for continued growth in our core markets both domestically and internationally."
 UNIQUEST Incorporated is a leading provider of integrated software applications systems, and services to targeted markets including the retail, hospitality, healthcare and distribution industries worldwide. The UNIQUEST family of solutions helps customers run their businesses better by improving critical day-to-day management, increasing operational efficiencies and enhancing revenue growth for improved operations and profitability.
 -0- 4/15/93
 /CONTACT: Fred Goldsmith, chief operating officer of UNIQUEST, 904-363-0103; or Rod O'Connor of Cameron Associates, 212-644-9560, for UNIQUEST/
 (UQST)


CO: UNIQUEST Incorporated ST: Florida IN: CPR SU:

JB-BN -- FL001 -- 6015 04/15/93 08:19 EDT
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Date:Apr 15, 1993
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