Unicomp Acquires United Kingdom System Integration, Computer Systems And Services Company

Business Wire, Feb 21, 1997

MARIETTA, Ga.--(BUSINESS WIRE)--Feb. 21, 1997--UNICOMP, INC. (NASDAQ: UCMP) today announced that it has completed the purchase of CEM Computers Limited ("CEM"), a United Kingdom (U.K.) based system integration, computer systems and services company for 2.349 million pounds sterling, or approximately $3.8 million U.S.

CEM is a provider of computer hardware, system integration, computer systems and computer services in the U.K. and the Republic of Ireland with approximately 100 employees.

The acquisition is expected to significantly increase UniComp's revenues. For the fiscal year ended May 31, 1996, CEM's revenue was approximately $24 million. During the fiscal year ended February 29, 1996, the Company's revenue was $21.3 million, and for the nine months ended November 30, 1996, the Company's revenue was $18.2 million. With the addition of CEM, the Company will have approximately 400 employees worldwide.

In making the announcement, Stephen A. Hafer, President and CEO of UniComp, said, "We believe that the acquisition of CEM brings to UniComp an increased customer base and greater geographical capabilities together with an experienced operating and sales team."

UniComp, Inc. develops, markets and supports platform-migration, application and payment processing systems for Windows NT and UNIX-based computer systems and point of transaction processors worldwide. The Company licenses its technology to a cross section of industries including manufacturing, distribution, transportation, public-sector, point of sale and transaction processors. Additionally, the Company provides installation, training, systems integration, support and millennium services, serving a worldwide network of end user customers, dealers and distributors.

Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that involve risks and uncertainties, including successful maintenance and integration of CEM's business, timely development and market acceptance of the Company's products, upgrades to existing products, the impact of competitive products and pricing, and the other risks detailed from time to time in the Company's publicly available reports.

CONTACT: UniComp, Inc.

Robert Shaver, 770/424-3684