HAYES OBTAINS FUNDING COMMITMENTS FOR ITS COURT-APPROVED REORGANIZATION
PLAN

Atlanta, GA, 9 April 1996 -- Hayes Microcomputer Products, Inc. announced
today that it has obtained the new capital funding sufficient to fully
implement its Court-approved Plan of Reorganization. Seeking an
expeditious implementation of its Plan, which provides for payment of
creditors' claims in full plus interest, Hayes filed a motion with the
U.S. Bankruptcy Court seeking approval of the new capital funding
transactions.

"Our positive financial performance over the past quarter proved enormously
attractive to several prospective investors, allowing Hayes to quickly
secure the funding commitments to implement the company's Plan of
Reorganization in accordance with our confirmation schedule," said Dennis
Hayes, Chairman, Hayes Microcomputer Products, Inc.

ACMA Limited, working in close cooperation with Hayes after Northern
Telecom Inc. ("Nortel") withdrew its plans to invest in Hayes, recruited
several Singapore-based companies to replace half the funding needed.
These investors include Rinzai Limited and other Singapore investors led
by ACMA. Hayes independently secured the balance of the funding from two
Hong Kong investors, including Kaifa Technology Holdings Limited and
Rolling Profits Holdings Limited, a subsidiary of Wongs Limited. Some of
the new investors had previously sought to invest in the company before
Hayes negotiated definitive agreements with Nortel and ACMA in October
1995.

"The response from potential investors after Nortel withdrew was quick,
strong and positive," said Dennis Hayes. "We're very grateful to ACMA for
working so intensely with us over the last 10 days to secure the required
funding and make the modifications to the definitive agreements to
implement the new capital funding transactions. We are especially pleased
by the manufacturing and cost reduction expertise our new investors bring
to Hayes."

Each of Hayes new investors has agreed to execute documents to finalize the
funding transactions for the Hayes Plan on or before April 15, 1996. In
addition, each investor has or will deposit their respective investment
into U.S.-based escrow accounts in preparation for a final closing on or
around April 15. It is expected creditors will be paid within a few days
after the closing of the funding of Hayes Plan. As previously announced,
the CIT Group/Credit Finance, Inc. will provide credit facilities totaling
$70 million, on which the company expects to initially draw only $20
million.

Recognizing the specific objectives of the new investors, several
modifications were made to the previous investment plan negotiated with
Nortel and ACMA. Under these new capital funding transactions, Hayes may
proceed with a target initial public offering when it reaches a $150
million market capitalization rather than $250 million as previously
planned. The Board of Directors will consist of seven rather than six
directors which will include the new President/CEO of Hayes. Hayes plans
to announce the appointment of the new President/CEO within the next few
weeks.

"With the quarterly results Hayes will release this week and the new $150
million target IPO, our turnaround is nearly complete and we are now on
the fast track to becoming a public company," said Dennis Hayes. "As
Chairman, I look forward to working with the Board and our strong
management team, including the new President/CEO, Jim Jones, our new Chief
Financial Officer, and Dr. Alan Clark, our Chief Technical Officer, all of
whom have extensive experience as executives in high tech companies."

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, on- line and telecommunications
network providers, and millions of individual PC users around the globe.

FOR QUESTIONS REQUIRING CUSTOMER SUPPORT ASSISTANCE CONTACT:

 Hayes Customer Support
 Phone: 770/441-1617
 Hayes World Wide Web Site: http://www.hayes.com
 Hayes Online BBS: 770/446-6336
 telnet://bbs.hayes.com
 Internet email: support@os.hayes.com

FOR MEDIA RELATED INFORMATION:

 Andrew W. Dod, Director of Corporate Communications
 Hayes Microcomputer Products, Inc.
 5835 Peachtree Corners East
 Norcross, GA 30092
 Phone: 770/840-9200 x6365
 Facsimile: 770/441-1238
 E-Mail: adod@hayes.com
 
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