Date: Mon, 29 Dec 1997 18:53:31 GMT Server: Stronghold/2.1.1 Apache/1.2.4 Last-Modified: Wed, 27 Aug 1997 16:24:40 GMT ETag: "21cd9-add-340454c8" Content-Length: 2781 Accept-Ranges: bytes Connection: close Content-Type: text/html CAMPO Electronics, Appliances, Computers

CAMPO NAMES NEW CHIEF FINANCIAL OFFICER

As Part of Company's Reorganization Plan

New Orleans (August 26, 1997) - Campo Electronics, Appliances and Computers, Inc.

(NASDAQ/NMS-CMPOQ) announced today that Michael G. Ware has joined the Company in the position of Senior Vice President, Chief Financial Officer and Secretary.

William E. Wulfers, the President and Chief Executive Officer of Campo, stated, "Mike Ware's success in steering two companies out of Chapter 11 will be the additional experience and focus that our company needs to complete our successful turnaround and return to profitability. His leadership skills, knowledge and problem-solving experience in corporate reorganizations stems from the successful emergence from Chapter 11 reorganizations by Farm Stores in September 1992 and Sunshine-Jr. in May 1994. "Ware has extensive experience in the corporate audit function having begun his career with Price Waterhouse & Co.

Since leaving public accounting, Ware has held senior financial management positions with several public and private retail chains throughout the country. Having a solid, retail financial management background and experience in successful corporate reorganizations were the primary reasons Ware was chosen over other qualified candidates.

Ware's 18 years of retail experience include eight years as Vice President of Finance for Little General Stores, a retail convenience store chain operating 450 stores in six states, five years as Vice President and Chief Financial Officer of Farm Stores, Inc., a Florida based convenience store chain and dairy operating 220 stores, and for the past three years as Sr. Vice President and Chief Financial Officer of Sunshine-Jr. Stores, Inc., a 203 unit convenience store chain operating in the Southeast.

Ware replaces Wayne J. Usié, formerly the Company's Vice President, Chief Financial Officer and Secretary, who resigned in August. The Board of Directors of the Company has accepted Usié's resignation with appreciation for his assistance throughout the initial phases of the Company's turnaround plan.

 

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