Date: Mon, 29 Dec 1997 18:54:25 GMT Server: Stronghold/2.1.1 Apache/1.2.4 Last-Modified: Mon, 07 Jul 1997 20:45:39 GMT ETag: "21cd5-b85-33c15573" Content-Length: 2949 Accept-Ranges: bytes Connection: close Content-Type: text/html CAMPO Electronics, Appliances, Computers

CAMPO NAMES NEW PRESIDENT AND CEO

Retail Leader from Wal-Mart Named to Post

New Orleans - Campo Electronics, Appliances and Computers, Inc. (NASDAQ/NMS-CMPOQ) announced June 30th the election of William E. Wulfers as President and Chief Executive Officer and a member of the Board of Directors. Campo also announced the resignation of Rex O. Corley, Jr. as President, Chief Operating Officer and Acting Chairman and Chief Executive Officer, and as a member of the Board of Directors, with appreciation from the Board for assisting the Company through this difficult transition.

Wulfers, 50, joins Campo from Wal-Mart where he has been Regional Vice President since 1990. He was responsible for Wal-Mart operations in Louisiana, Arkansas, Mississippi, Virginia, North Carolina, South Carolina, Georgia and Florida. Joining Wal-Mart in 1983, Wulfers earned a reputation for consistent performance, benchmarked profitability and increased market share. Wulfers began his 30 year career in 1967 at Woolco, where he held several management-level positions in the Southeast.

Wulfers was selected after a nation-wide search and review of a number of candidates. This search began in March of this year when the Board of Directors accepted the resignation of Anthony P. Campo as Chairman and Chief Executive Officer and initiated its first phase of the turnaround plan.

"We are delighted to have Bill lead the Campo team," said Ron Forman, a Campo director. "Bill brings not only a wealth of experience, but also an industry-wide reputation for inspired leadership and motivation. The Board looks forward to working with Bill as we take another step in our plan to return the Company to profitability."

Wulfers said, "I was impressed with Campo's long-standing strengths of customer service, product quality and pricing. With these to work with, along with Campo's dedicated associates, I believe we can return Campo to its position of market leader. I look forward to working with my new family at Campo to achieve the turnaround, and chart a new, exciting course for our customers and associates as we look ahead to the 21st Century."

Campo welcomes Bill Wulfers and looks forward to the future under his leadership.

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