ANALYST CONTACT:                                  MEDIA CONTACT:
Bill Solomon, CFO                                 Nora Donnelly
214/754-6620                                      Corporate Communications
                                                  214/754-6603


   PRECEPT BUSINESS SERVICES, INC. FINALIZES ACQUISITION OF MBF CORPORATION
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DALLAS-June 22, 1998- Precept Business Services, Inc. (NASDAQ: "PBSIA") today 
announced it has completed the acquisition of MBF Corporation, a 
Louisiana-based distributor of printed products, distribution services and 
information solutions with yearly revenues of approximately $18.5 million.  
The transaction is structured to be accounted for as a pooling of interests 
and Precept expects it to be accretive to earnings per share on a prospective 
basis, and contributes significantly to a 52% increase in annualized revenue 
for the Business Products division since Precept became a public company on 
March 20, 1998.

"MBF's solid strategic planning, its commitment to outstanding customer 
service, its partnering programs with major vendors, and its dedication to 
controlled, managed growth are consistent with our Company's strategic 
objectives.  We believe that the business combination will improve operating 
efficiencies, and we have already identified a number of cross-marketing 
opportunities which can benefit both companies," commented David Neely, 
Chairman and Chief Executive Officer of Precept Business Services, Inc.  "MBF 
Corporation, which is a market leader throughout the South Central U.S., will 
play a significant role in Precept's ongoing consolidation of the $20 billion 
business products and document management services industry."

Headquartered in Monroe, Louisiana, MBF Corporation was founded in 1974 by 
its current Chief Executive Officer, Mr. Joseph D. Greco.  According to the 
industry publication BUSINESS FORMS, LABELS & SYSTEMS, MBF is the 14th 
largest independent distributor of business forms in the United States.  The 
company conducts its operations from 32 locations and serves over 7,000 
customers in twelve states.  MBF utilizes 16 warehouses throughout the South 
Central United States to supply its customers on a timely basis.



Precept Business Services, Inc. is the nation's largest and only nationwide 
independent distributor of business products and document management 
services.  The Company also provides corporate transportation services in 
Texas, New York, Ohio and Michigan.  Recent acquisitions have diversified the 
Company's revenue base and positioned Precept as a consolidator within the 
$20 billion business products and document management services industry, and 
the $3.9 billion corporate transportation industry.  The Company is 
headquartered in Dallas, Texas and its common stock is traded on NASDAQ under 
the symbol "PBSIA".

                                     -END-

(Statements about the company's outlook and all other statements in this 
release other than historical facts are forward-looking statements within the 
meaning of the Private Securities Litigation Reform Act of 1995.  These 
forward-looking statements rely on a number of assumptions concerning future 
events and are subject to a number of uncertainties and factors, many of 
which are outside Precept's control, that could cause actual results to 
differ materially from such statements.  While the company believes that the 
assumptions concerning future events are reasonable, it cautions that there 
are inherent difficulties in predicting certain important factors, especially 
the timing and magnitude of technological advances; the performance of 
recently acquired businesses; the prospects for future acquisitions; the 
possibility that a current customer could be acquired or otherwise affected by 
a future event that would diminish their business requirements; the 
completion within this industry and the impact of such competition on 
pricing, revenues and margins; the degree to which business entities continue 
to purchase and/or need goods and/or services provided by Precept; 
uncertainties surrounding budget reductions or changes in funding priorities 
or existing business programs; and the cost of attracting and retaining 
highly skilled personnel.  These factors, when applicable, are discussed in 
the company's filing with the Securities and Exchange Commission, copies of 
which may be obtained through the company without charge.  Precept disclaims 
any intention or obligation to revise any forward-looking statements whether 
as a result of new information, future event, or otherwise.)