HAYES EXITS CHAPTER 11
                     PAYS CREDITORS IN FULL
                                
     Atlanta, GA 17 April 1996 -- Hayes Microcomputer Products, Inc.
announced today that it has emerged from Chapter 11, having paid all
creditors in full plus interest.  To fully fund its court-approved Plan
of Reorganization, Hayes closed several equity investment transactions
yesterday totaling $35 million for a 49% stake in the company, and
finalized a $70 million line of credit with the CIT Group/Credit
Finance, on which the company will draw $14 million initially.
 
     "This is a great day for our company, our customers, our suppliers,
and our employees!  We kept our word and did what we had to do to pay
our creditors in full," said Dennis C. Hayes, Chairman of Hayes.  "We
have closed the book on Chapter 11 and have our sights focused straight
ahead.  Our plan is to launch an initial public offering within two
years," said Hayes.
 
     Last week, Hayes announced its consolidated first quarter 1996
financial results, reporting operating income of $6.0 million on $77.2
million in sales for the quarter.  Compared with the same quarter in
1995, sales increased 16.4% while operating income increased 251%.
Including a one-time gain from the sale of surplus land owned by the
company, net income for the quarter was $6.9 million versus a loss of
$1.3 million the previous year.
 
     Hayes has rebuilt its core management team in recent months with
the addition of a new Chief Financial Officer, James A. Jones, a new
Chief Technical Officer, Dr. Alan Clark, and a new Vice President of
Sales, Raymond Malcoun.  The company is continuing its efforts to
recruit a new Vice President of Marketing.  Hayes will soon announce the
appointment of its new President/CEO who is expected to join the company
on 1 May 1996. Dennis C. Hayes, founder of Hayes, will serve as Chairman
of the Board.
 
     Hayes originally filed for Chapter 11 protection on 15 November
1994.  Its Plan of Reorganization was filed on 15 May 1995 and its
Disclosure Statement was approved on 10 July 1995. In completing its own
Plan, Hayes fought off two unsolicited acquisition attempts from
competitors Diamond Multimedia and U.S. Robotics.  The Hayes Plan was
confirmed by Judge Hugh Robinson on 8 March 1996 after nearly three
months of confirmation proceedings.  In consummating its Plan, Hayes can
now enjoy the benefits of its reorganization efforts free from the
administrative expenses related to court proceedings.
 
     Best known as the inventor of the PC modem, Hayes is recognized
around the globe as a leader in technical innovations, computer
communications standards, functional and feature-rich products, and
superior support and service.  Founded in 1977, Hayes develops,
manufactures, and markets value-based computer communications solutions
for software, business, network and consumer market segments.  The
company maintains an extensive global network of authorized
distributors, dealers, mass merchants, VARs, system integrators and
original equipment manufacturers.  Hayes customers include Fortune 1000
corporations, mid-size companies and corporate branch offices, small and
home office businesses, online and telecommunications network providers,
and millions of individual PC users around the globe.
 
Ricky Lacy -- Hayes Online Services
---
Hayes Microcomputer Products, Inc.      WWW: http://www.hayes.com
Voice Support: 770-441-1617                   ftp://ftp.hayes.com
(Mon-Fri, 8AM-6PM, eastern)                telnet://hayes.com
     For Hayes Tech Support, mailto:support@os.hayes.com