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InAmerica Completes Acquisition of  Automotive Income Management


Phoenix, AZ, - May 8, 1996 - InAmerica Corporation, announced today that it has closed on the agreement with Automotive Income Management, Inc., to acquire Automotive’s business and assets, a direct marketing company working exclusively within the automotive industry.  The assets and business were placed in a new wholly-owned subsidiary, AIM Direct, Inc.


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.


Reference "InAMERICA TO ACQUIRE AUTOMOTIVE INCOME MANAGEMENT" (Phoenix, AZ April 30, 1996)


Press Contacts:

Matthew R. Gould,

President & COO

InAmerica Corporation

(972) 239-9282


George Walsh,

President

AIM Direct, Inc.

(972) 239-9282