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Exhibit (a)(1)I)
FOR IMMEDIATE RELEASE
CRI ACQUISITION, INC. COMPLETES TENDER OFFER FOR SHARES
OF COMPUTER RESEARCH, INC.
St. Louis, Missouri, September 5, 2000 - Computer Research, Inc. (OTC
BULLETIN BOARD: CRIX) and Rodger O. Riney, sole shareholder of CRI Acquisition,
Inc. announced today that CRI Acquisition has completed its tender offer for all
of the outstanding shares of the common stock of Computer Research not already
owned by CRI Acquisition, at a price of $2.42 per share in cash. The tender
offer expired at 5:00 p.m. New York City time, on September 1, 2000. CRI
Acquisition has been advised by the depositary for the tender offer that, as of
the expiration of the tender offer, approximately 2,226,434 Computer Research
shares had been validly tendered and not withdrawn pursuant to the offer
(including approximately 5,651 Computer Research shares tendered pursuant to the
procedures for guaranteed delivery). This number, aggregated with the number of
Computer Research shares that CRI Acquisition already beneficially owns,
represents approximately 90% of the outstanding Computer Research shares. Cash
payments for tendered shares are expected to commence promptly. As previously
announced, CRI Acquisition plans to acquire the remaining Computer Research
shares for $2.42 per share through a cash merger, expected to be completed
shortly.
Computer Research provides computerized accounting and record-keeping
support services to more than 40 securities broker/dealers, banks and other
financial institutions throughout the United States.
Mr. Riney is the founder, President and Chief Executive Officer of
Scottrade, Inc. He has been active in the securities industry for more than 30
years and founded Scottrade in 1980. Scottrade, formerly Scottsdale Securities,
Inc., is a securities brokerage firm that is registered with the SEC and the
NASD.
Contact: Mackenzie Partners, Inc.
Simon Coope, 212-675-2593
