of 21.35 cents per common shares, or 3.5 percent payable on March 31, to common shareholders of record as of February 28, 1994.

This comprises one half of the company's annual 7 percent dividend payment to shareholders.

Chips' shares are currently being offered in a public offering at $6.10 per share through Gulf Stream Securities and other agencies. Up to 340,000 common shares are for sale. The minimum investment is 100 shares at a total price of $610, and the maximum investment is 2,000 shares at a total price of $12,200.

Shareholders, who purchase shares before the deadline will be paid a dividend of 3.5 percent after holding their stock for just a month. The offering closes at 3 pm on Friday, February 18, 1994.

Chips was incorporated on August 29, 1980, and supplies products to the business community in Bermuda by selling, renting and servicing a line of office machines and related supplies.