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InAmerica Completes Sale of Its AIM Direct unit


Phoenix, AZ  - June 30, 1997 - InAmerica Corporation (NASDAQ BB: INAO), announced today that it has closed on the agreement with Target Marketing, Inc. a privately-held Nevada corporation, to sell Aim Direct, Inc., a direct marketing company working exclusively within the automotive industry.Matthew R. Gould, InAmerica’s former President and Mark Kister, InAmerica’s former Controller were among the principals of the acquiring company.


The transaction included the sale of InAmerica’s Western Automotive Acceptance Unit, which acted as a loan broker in AIM Direct Mail Programs.


InAmerica is a diversified holding company that specializes in developing leading edge innovative technologies and the acquisition, reorganization and turnaround of distressed businesses that retain dramatic potential once a recovery is completed.  The company typically seeks to divest itself of the revived businesses through spin-off or outright sale to a company with a strategic need and fit.


Press Contacts:

C. Gus Cristo,

CEO

InAmerica Corporation

(972) 239-9282


Matthew R. Gould,

President

Target Marketing, Inc.

(972) 239-9282