MLC Corrects Reported CLG Purchase Price

Business Wire, Sept 2, 1999

HERNDON, Va.--(BUSINESS WIRE)--Sept. 2, 1999--

Purchase Price is $36.5 Million, Not $37.5 Million

as Previously Reported

MLC Holdings, Inc. (Nasdaq: MLCH) announces a correction of yesterday's press release. The correct total consideration for the purchase of CLG, Inc. will be $36,510,000, to be paid $33,465,000 in cash and $3,045,000 in MLCH common stock. At MLC's option, up to $1,965,000 of the cash portion can be paid in MLCH common stock. The company had announced yesterday, in error, that the consideration would be approximately $34MM in cash and $3.5MM in MLCH common stock.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements. Actual results may vary due to the following risks and uncertainties, including, without limitation, demand and competition for the Company's lease financing and equipment sales and asset management services, and the products to be leased or sold by the Company, the continued availability to the Company of adequate financing, the ability of the Company to recover its investment in equipment through remarketing, the successful acquistion, integration, and continuing operation of CLG, and other risks or uncertainties detailed in the Company's Securities and Exchange Commission filings. Investors are cautioned that current financial results may not be indicative of future results.