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UNIQUEST EXPANDS HOSPITALITY SOLUTIONS BY ANNOUNCING AGREEMENT IN PRINCIPLE TO ACQUIRE FISHER BUSINESS SYSTEMS

 JACKSONVILLE, Fla., May 24 /PRNewswire/ -- UNIQUEST Incorporated (NASDAQ: UQST) announced today that it has reached an agreement in principle to acquire Fisher Business Systems, Inc. of Atlanta, a public corporation that specializes in point-of-sale applications to the full service restaurant industry using touch screen technology on open architecture platforms.
 Pursuant to the agreement in principal, UNIQUEST will issue 1 million of its units for all common stock outstanding of Fisher as well as common stock issuable upon exercise of options to purchase Fisher common stock. A unit consists of one share of UNIQUEST common stock plus one purchase warrant, the exchange rate of which is to be determined at a future date.
 This agreement in principal is subject to due diligence on the part of both companies. It is anticipated that a definitive agreement will be concluded by the end of June 1993.
 Representative Fisher customers include Denny's, Friendly's, Elmer's Pancake House, Ralph and Kacoo's, and franchisees for IHOP, Perkins, Ground Round, Trail Dust and Po Folks.
 August P. Klein, chairman, president and chief executive officer, stated: "With the addition of Fisher's full service restaurant products to our limited service restaurant products, UNIQUEST becomes a substantial systems resource for the hospitality industry. We now hold an enhanced combination of products, including time & attendance and labor scheduling, that will help better serve the needs of our clients and position UNIQUEST as the Solution Source to the industry. With Fisher's open architecture platform and their recent purchase of Blue Mountain software, we believe that these products will also be a foundation for future market share growth."
 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 uses advanced technology to help 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- 5/24/93
 /CONTACT: Fred Goldsmith of UNIQUEST, 904-363-0103; or Rod O'Connor of Cameron Associates, 212-644-9560, for UNIQUEST/
 (UQST)


CO: UNIQUEST Incorporated; Fisher Business Systems, Inc. ST: Florida, Georgia IN: CPR SU: TNM

AW-JB -- FL007 -- 3406 05/24/93 14:29 EDT
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Publication:PR Newswire
Date:May 24, 1993
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