ComVest Partners, Inc. Initiates Coverage of CD Warehouse Inc. With a BUY Rating

Business Wire, August 6, 1998

DALLAS--(BUSINESS WIRE)--Aug. 6, 1998--ComVest Partners, Inc. today announced that in a research report, analyst Tomas Escamilla set a 12-month price target of $50 based on estimated EPS of $0.43 for FY98 and $0.70 for FY99. Escamilla noted, "While the retail music industry is highly fragmented, after its recent acquisition, CD Warehouse is positioned to seize a significant share of the rapidly growing $1 billion pre-owned CD market without competition by any similar retail chain."

CD Warehouse, Inc. (Nasdaq:CDWI) of Oklahoma City, OK is the number one retailer of pre-owned music compact discs (CDs) in the U.S.

ComVest Partners, Inc. is a registered broker dealer and research boutique that specializes in providing long term growth investment ideas to institutional clients. These investment ideas include among others: Hauppauge Digital, Inc. (HAUP), Horizon Pharmacies, Inc. (HZP), and World Access, Inc. (WAXS).

    CONTACT:  ComVest Partners, Inc.
               Tomas Escamilla, 214/265-7200