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UNIQUEST TO REPORT FISCAL 1993 RESULTS SHORTLY; EXPECTS TO RECORD CHARGES IN FOURTH QUARTER

 JACKSONVILLE, Fla., Sept. 14 /PRNewswire/ -- UNIQUEST Incorporated (NASDAQ: UQST) today announced that it will not timely file its annual report (on Form 10-K) of financial results for the fourth quarter and fiscal year ended May 31, 1993. This delay is primarily due to the complexity of the five acquisitions in this fiscal year and their integration into the company's financial reporting system. The company said the delay would enable it to determine the effect of certain charges it intends to record in the fourth quarter. The charges are expected to include acceleration of amortization of certain intangibles and restructuring costs. Due to these charges and operating losses, UNIQUEST expects to report a loss for the fourth quarter and fiscal year 1993.
 In addition, the company has initiated a corporate reorganization plan designed to integrate acquisitions, maximize business opportunities, and improve its financial position. The company will benefit from reduced amortization and operating expenses beginning in fiscal 1994. Details on the reorganization plan -- from both an operational and financial standpoint -- are expected to be announced shortly in conjunction with the filing of the financial results.
 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 growing family of UNIQUEST 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- 9/14/93
 /CONTACT: Fred Goldsmith of UNIQUEST, 904-363-0103; or Paul F. Steidler of Morgen-Walke Associates, 212-850-5643, for UNIQUEST/
 (UQST)


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

AW-JB -- FL006 -- 1837 09/14/93 14:45 EDT
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Publication:PR Newswire
Date:Sep 14, 1993
Words:281
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