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To: JoAnn who wrote (32330)	12/22/1998 12:32:00 PM
From: JoAnn	Respond to of 119973

UCMP/UniComp Completes Sale of its Subsidiary Aurora Unicomp MARIETTA, GA. (Dec. 22) BUSINESS WIRE -Dec. 22, 19989--UNICOMP, INC. (Nasdaq: UCMP) today announced that it completed the sale of the net assets of its Northern Ireland subsidiary, Aurora UniComp, to Aurora Service and Systems Solutions Limited (Sx3), a subsidiary of Viridian Group PLC. The value of the net assets acquired was 0.7 million pounds sterling. Viridian Group PLC paid 5.0 million pounds sterling, or approximately $8.5 million U.S., of which 1.0 million pounds sterling is a two-year loan. As part of the purchase of Aurora UniComp's net assets, Aurora Sx3 assumed bank debt of 3.2 million pounds sterling, or approximately $5 million U.S. The Company will report the gain in its fiscal fourth quarter ended February 28, 1998. UniComp President and CEO Stephen A. Hafer said, "The sale of Aurora UniComp will allow us to concentrate on our innovative suite of rehosting, financial and transaction processing software solutions." Hafer continued, "We anticipate to use proceeds of this sale to pay down debt and provide funding for future acquisitions." UniComp, Inc. develops, markets and supports platform-migration, vertical market applications 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 Year 2000 services, serving a worldwide network of end user customers, dealers and distributors. UniComp employs over 400 staff worldwide and has over 50 distributors internationally, with over 30,000 installations in more than 55 countries. Please visit our World Wide Web site at unicomp.com for further information. This announcement contains forward looking statements and remarks relative to future events and financial performance which are subject to the risks and uncertainties described in reports filed from time to time with the SEC. These filings contain and identify important factors that could cause actual results to differ materially from those contained in our forward-looking statements. These factors include, but are not limited to, timely development and market acceptance of its products (and upgrades to those products), completion of UNIBOL400 for Windows NT development and its subsequent market acceptance the ability to develop new products to penetrate the POS marketplace, market pressures on its services businesses, and the impact of competitive products, pricing, and the fact that the company's software product license revenue can fluctuate from quarter to quarter as a result of various factors and conditions. -------------------------------------------------------------------------------- DP/at*