<PAGE>



                          SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C. 20549

                                      FORM 10-Q
                      QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                        OF THE SECURITIES EXCHANGE ACT OF 1934

                                      (Mark One)
      [ X ]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                                 EXCHANGE ACT OF 1934
                     FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1997

                                          OR
      [   ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                                 EXCHANGE ACT OF 1934

      For the transition period from                    to                      
                                     ------------------    ---------------------
                           Commission file number 000-21561

                          MIAMI COMPUTER SUPPLY CORPORATION
       (Exact name of registrant as specified in its articles of incorporation)

               OHIO                                       31-1001529
   (State or other jurisdiction of                     (I.R.S. Employer
   incorporation or organization)                     Identification No.)

                   4750 HEMPSTEAD STATION DRIVE, DAYTON, OHIO 45429
                       (Address of principal executive offices)

                                    (937) 291-8282
                 (Registrant's telephone number, including area code)

     Indicate by check whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) had been subject to such
filing requirements for the past 90 days.

                               Yes   X     No
                                   -----      -----

     At June 30, 1997, 3,644,383 shares of common stock, no par value per
share, of the registrant were outstanding.

<PAGE>

                          MIAMI COMPUTER SUPPLY CORPORATION

                                      FORM 10-Q
                             QUARTER ENDED JUNE 30, 1997

                                        INDEX

                                                                    PAGE
PART I - FINANCIAL INFORMATION
Item 1.  Financial Statements:
  Consolidated Statement of Operations . . . . . . . . . . . . .      3
  Consolidated Balance Sheet . . . . . . . . . . . . . . . . . .      4
  Consolidated Statement of Cash Flows . . . . . . . . . . . . .      5
  Notes to Consolidated Financial Statements . . . . . . . . . .      6

Item 2.  Management's Discussion and Analysis of 
  Results of Operations and Financial Condition. . . . . . . . .     6-9

PART II - OTHER INFORMATION
Item 1.  Legal Proceedings . . . . . . . . . . . . . . . . . . .      10
Item 2.  Changes in Securities . . . . . . . . . . . . . . . . .      10
Item 3.  Default Upon Senior Securities. . . . . . . . . . . . .      10
Item 4.  Submission of Matters to a Vote of
          Security Holders . . . . . . . . . . . . . . . . . . .      10
Item 5.  Other Information . . . . . . . . . . . . . . . . . . .      10
Item 6.  Exhibits and Reports on Form 8-K. . . . . . . . . . . .      10
Signatures . . . . . . . . . . . . . . . . . . . . . . . . . . .      11

                                       2
<PAGE>

                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

                       MIAMI COMPUTER SUPPLY CORPORATION

                      CONSOLIDATED STATEMENT OF OPERATIONS
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                     QUARTER ENDED               SIX MONTHS ENDED
                                                       JUNE 30                       JUNE 30,
                                             ---------------------------   ----------------------------
                                                 1997            1996          1997           1996
                                             ------------   ------------   ------------   -------------
<S>                                          <C>            <C>            <C>            <C>
Net sales. .  . . . . . . . . . . . . . . .  $ 22,123,739   $ 13,691,476   $ 42,349,759   $ 26,247,459
Operating costs:
Cost of sales . . . . . . . . . . . . . . .    18,262,704     11,132,312     35,008,008     21,161,836
Selling, general and administrative
    expenses. . . . . . . . . . . . . . . .     3,040,238      2,152,924      5,757,311      4,033,438
                                             ------------   ------------   ------------   -------------

     Total operating costs. . . . . . . . .    21,302,942     13,285,236     40,765,319     25,195,274
                                             ------------   ------------   ------------   -------------

Operating income. . . . . . . . . . . . . .       820,797        406,240      1,584,440      1,052,185
Interest expense  . . . . . . . . . . . . .       (23,713)       (75,649)       (24,584)      (142,587)  
Other income  . . . . . . . . . . . . . . .        14,472          3,176         26,593         11,114
                                             ------------   ------------   ------------   -------------

Income before income taxes  . . . . . . . .       811,556        333,767      1,586,449        920,712
Provision for income taxes  . . . . . . . .       328,680        138,497        642,512        382,079
                                             ------------   ------------   ------------   -------------

  Net income. . . . . . . . . . . . . . . .  $    482,876   $    195,270   $    943,937   $    538,633
                                             ------------   ------------   ------------   -------------
                                             ------------   ------------   ------------   -------------

  Earnings per share of common stock. . . .  $       0.13   $       0.08   $       0.26   $       0.23
                                             ------------   ------------   ------------   -------------
                                             ------------   ------------   ------------   -------------

Weighted average number of common
  shares outstanding . . . . . . . . . . . .    3,609,312      2,388,000      3,573,853      2,388,000
                                             ------------   ------------   ------------   -------------
                                             ------------   ------------   ------------   -------------
</TABLE>



                The accompanying notes are an integral part of 
                   these consolidated financial statements.

                                       3
<PAGE>

                       MIAMI COMPUTER SUPPLY CORPORATION

                          CONSOLIDATED BALANCE SHEET

<TABLE>
<CAPTION>
                                             (UNAUDITED)
                                               JUNE 30,           DECEMBER 31,
                                                 1997                1996
                                             -----------         -------------
<S>                                          <C>                 <C>
Assets
Current assets:
  Cash . . . . . . . . . . . . . . . . .     $    94,819          $   780,875
  Accounts receivable. . . . . . . . . .       9,949,305            8,636,657
  Inventories. . . . . . . . . . . . . .       5,960,682            5,894,838
  Prepaid expenses . . . . . . . . . . .         133,580              396,450
  Deferred income tax assets . . . . . .          35,496               35,496
                                             -----------          -----------

     Total current assets. . . . . . . .      16,173,882           15,744,316
                                             -----------          -----------

Property and equipment - net
 of accumulated depreciation . . . . . .       1,246,909            1,016,164
                                             -----------          -----------
Other assets:
  Deposits . . . . . . . . . . . . . . .          36,009               28,302
  Cash surrender value officers'
   life insurance. . . . . . . . . . . .         571,986              571,986
  Intangible assets. . . . . . . . . . .       2,025,317              414,440
                                             -----------          -----------
      Total other assets . . . . . . . .       2,633,312            1,014,728
      Total assets . . . . . . . . . . .     $20,054,103          $17,775,208
                                             -----------          -----------
                                             -----------          -----------

Liabilities and Stockholders' Equity
Current Liabilities:
  Line-of-credit . . . . . . . . . . . .     $ 1,343,772         $          0
  Accounts payable - trade . . . . . . .       3,400,118            4,308,785
  Accrued expenses, payroll
   taxes and withholdings. . . . . . . .       1,124,192            1,188,708
  Accrued income taxes . . . . . . . . .               0                    0
  Current portion of long-term debt. . .          35,567               35,567
                                             -----------          -----------

    Total current liabilities. . . . . .       5,903,649            5,533,060
  Long-term debt . . . . . . . . . . . .          72,225               64,696
  Other long-term liabilities. . . . . .               0               43,160
  Deferred income taxes. . . . . . . . .          61,249               61,249
                                             -----------          -----------

    Total liabilities. . . . . . . . . .       6,037,123            5,702,165
                                             -----------          -----------
Stockholders' equity:
  Preferred Stock, no par value, 
   5,000,000 shares authorized; none 
   outstanding at June 30, 1997 and 
   December 31, 1996 . . . . . . . . . .               0                    0
  Common stock, no par value; 
   30,000,000 shares authorized, 
   3,644,383 shares outstanding at 
   June 30, 1997, 3,538,000 shares 
   outstanding at December 31, 1996. . .               0                    0
  Additional paid-in capital . . . . . .       9,349,249            8,349,249
  Retained earnings. . . . . . . . . . .       4,682,731            3,738,794
                                             -----------          -----------
                                              14,031,980           12,088,043
Less - Treasury common stock, 
 at cost 1,200 shares. . . . . . . . . .          15,000               15,000
                                             -----------          -----------

   Total stockholders' equity. . . . . .      14,016,980           12,073,043
                                             -----------          -----------
   Total liabilities and
    stockholders' equity . . . . . . . .     $20,054,103          $17,775,208
                                             -----------          -----------
                                             -----------          -----------
</TABLE>
                 The accompanying notes are an integral part of
                    these consolidated financial statements.

                                       4
<PAGE>

                       MIAMI COMPUTER SUPPLY CORPORATION

                      CONSOLIDATED STATEMENT OF CASH FLOWS
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                            SIX MONTHS ENDED
                                                                JUNE 30,
                                                      ---------------------------
                                                         1997             1996
                                                      -----------     -----------
<S>                                                   <C>             <C>
Cash flows (used in) provided by operating 
 activities:
    Net income . . . . . . . . . . . . . . . . . .    $   943,937     $   538,633
  Adjustments to reconcile net income to cash 
   (used in) provided by operating activities:
 Depreciation and amortization . . . . . . . . . .        168,455         144,679
 Changes in assets and liabilities net of
  effects of acquisitions of businesses:
   Accounts receivable . . . . . . . . . . . . . .     (1,273,313)     (1,363,445)
   Inventories . . . . . . . . . . . . . . . . . .        403,058         262,765
   Prepaid expenses. . . . . . . . . . . . . . . .        279,758         (35,953)
   Deposits. . . . . . . . . . . . . . . . . . . .         (7,732)       (107,432)
   Accounts payable - trade. . . . . . . . . . . .     (1,310,291)        563,953
   Accrued expenses. . . . . . . . . . . . . . . .        137,869         (17,752)
   Accrued income taxes. . . . . . . . . . . . . .         19,296        (215,064)
                                                      -----------     -----------

   Cash used in operating activities . . . . . . .       (638,963)       (229,616)
                                                      -----------     -----------

Cash flows from investing activities:
  Capital expenditures . . . . . . . . . . . . . .       (166,015)        (62,530)
  Investment in cash surrender value
   officers' life insurance. . . . . . . . . . . .              0          (6,803)
  Acquisition of Imperial Data
   Supply Corporation. . . . . . . . . . . . . . .     (1,000,000)              0
  Cash included in acquisitions. . . . . . . . . .          8,626         109,467
                                                      -----------     -----------

Cash (used in) provided by investing activities. .     (1,157,389)         40,134
                                                      -----------     -----------

Cash flows from financing activities:
  Borrowings under line-of-credit. . . . . . . . .      4,792,953       6,041,274
  Payments under line-of-credit. . . . . . . . . .     (3,604,174)     (5,772,741)
  Principal payments on long-term debt . . . . . .        (18,243)         (3,637)
  Payments under non-competition agreements. . . .        (60,240)        (60,240)
                                                      -----------     -----------

     Cash provided by financing activities . . . .      1,110,296         204,656
                                                      -----------     -----------

Net (decrease) increase in cash. . . . . . . . . .       (686,056)         15,174
Cash - Beginning of period . . . . . . . . . . . .        780,875           1,900
                                                      -----------     -----------

Cash - End of period . . . . . . . . . . . . . . .    $    94,819     $    17,074
                                                      -----------     -----------
                                                      -----------     -----------

Supplemental cash flow information:
  Cash paid for interest . . . . . . . . . . . . .    $    25,066     $   133,458
  Cash paid for income taxes . . . . . . . . . . .    $   593,941     $   648,189
</TABLE>

                The accompanying notes are an integral part of
                    these consolidated financial statements.

                                       5
<PAGE>

                      MIAMI COMPUTER SUPPLY CORPORATION

                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  (UNAUDITED)

NOTE 1 - GENERAL

The accompanying unaudited consolidated financial statements have been 
prepared in accordance with Rule 10-01 of SEC Regulation S-X.  Consequently, 
they do not include all the disclosures required under generally accepted 
accounting principles for complete financial statements.  However, in the 
opinion of the management of Miami Computer Supply Corporation (the 
"Company"), the consolidated financial statements presented herein contain 
all adjustments (consisting only of normal recurring adjustments) necessary 
to present fairly the financial position, results of operations and cash 
flows of the Company and its consolidated subsidiaries.  For further 
information regarding the Company's accounting policies and the basis of 
presentation of the financial statements, refer to the consolidated financial 
statements and notes included in the Company's Annual Report on Form 10-K for 
the year ended December 31, 1996.

NOTE 2 - ORGANIZATION

The Company sells a wide variety of computer supplies to corporate customers, 
governmental agencies, universities, hospitals and, to a lesser extent, 
computer supply dealers.  Its primary sales products include laser toner, ink 
jet cartridges, printer ribbons, computer tape cartridges, diskettes, 
presentation products, paper supplies and printer cartridges.

NOTE 3 - ACQUISITION OF DDP

Effective May 30, 1996, Pittsburgh Investment Group, LLC ("LLC") contributed 
its stock in Diversified Data Products, Inc. ("DDP") to the Company. The 
acquisition has been accounted for using the purchase method of accounting, 
and accordingly, the purchase price has been allocated to the assets based 
upon the fair value of the liabilities assumed as of May 30, 1996.

In connection with the acquisition of DDP, LLC issued a loan to certain 
former stockholders in an amount of $250,000.  This amount was subject to 
repayment based upon DDP generating specified income levels for the period 
May 30, 1996 to December 31, 1996.  DDP generated such income levels for this 
period, and accordingly the loan was forgiven.  The value of the assets 
acquired has been adjusted to reflect this additional consideration.

The operating results of DDP have been included in the statement of 
operations from the date of acquisition. The following unaudited pro forma 
information has been prepared assuming that this acquisition had taken place 
at the beginning of the respective period. This pro forma financial 
information is presented for informational purposes only and may not be 
indicative of what the actual results of operations might have been if the 
acquisition had been effective at the beginning of 1996.

                                                        Six Months Ended
                                                          June 30, 1996
                                                        ----------------
         Net sales. . . . . . . . . . . . . . . . . . .  $  31,466,073
         Net income . . . . . . . . . . . . . . . . . .  $     537,339
         Earnings per share . . . . . . . . . . . . . .  $        0.23

On April 30, 1997 the Company acquired Imperial Data Supply Corporation 
("IDS") headquartered in Spokane, Washington with offices in Idaho and 
Montana. On July 1, 1997 the Company acquired Data Associates, Inc. ("DA") 
headquartered in Roswell, Georgia with offices in Florida, North Carolina and 
South Carolina. On July 15 the Company acquired Force 4 D.P. Supplies, Inc. 
("Force 4") headquartered in Portland, Oregon with offices in Illinois, 
Washington and Utah. The impact of these acquistions are not material to the 
Company's financial statement.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND
FINANCIAL CONDITION

The following discussion should be read in conjunction with the information 
contained in the (unaudited) Consolidated Financial Statements and Notes to 
Consolidated Financial Statements. The following information contains 
"forward-looking statements" within the meaning of the Private Securities 
Litigation Reform Act of 1995 (the "Act") and is subject to the safe harbor 
created by that Act. The words "estimate," "project," "anticipate," "expect," 
"intend," "believe," "plans" and similar expressions are intended to identify 
forward-looking statements. Because such forward-looking statements involve 
risks and uncertainties, there are important factors that could cause actual 
results to differ materially from those expressed or implied by such 
forward-looking statements. Factors that could cause actual results to differ 
materially include, but are not limited to, changes in general economic and 
business conditions, the availability of capital on acceptable terms, actions 
of competitors, and changes in business strategies and other factors as 
discussed in Exhibit 99.

                                       6
<PAGE>

The Company has completed three acquisitions of computer supply and office 
automation dealers in 1997 as follows:

1.   On April 30, 1997 the Company acquired IDS headquartered in Spokane, 
Washington with offices in Idaho and Montana.  IDS's approximated annualized 
revenues as of the closing date were $7 million.  The net profit for the two 
months included in the second quarter 1997 were nominal.   The acquisition 
included $1.7 million in goodwill.

2.   On July 1, 1997 the Company acquired DA headquartered in Roswell, 
Georgia with offices in Florida, North Carolina and South Carolina.  DA's 
approximate annualized revenues as of the closing date were $9 million.  

3.   On July 15, 1997 the Company acquired Force 4 headquartered in Portland, 
Oregon with offices in Illinois, Washington and Utah.  Force 4's approximate 
annualized revenues as of the closing date were $14 million.

The Company intends to continue its aggressive acquisition strategy of 
entering new markets domestically and internationally on an opportunistic 
basis, to acquire computer and office automation supply distribution 
companies and to hire certain experienced sales representatives in and 
outside of the Company's current market areas, some of whom may be 
constrained from working in their present locations for a period of time.  
The Company actively continues to evaluate other potential acquisitions and 
to identify and have preliminary discussions and negotiations with potential 
acquisition candidates. There can be no assurance that any acquisition can or 
will be consummated on terms favorable to the Company.

THREE MONTHS ENDED JUNE 30, 1997 COMPARED TO THREE MONTHS ENDED JUNE 30, 1996

NET SALES. Net sales for the three months ended June 30, 1997 increased by 
$8.4 million, or 61.6%, to $22.1 million from $13.7 million for the three 
months ended June 30, 1996.  Approximately 79.5% of the increase resulted 
from the acquisition of DDP on May 30, 1996 and 11.9% from the acquisition of 
IDS on April 30, 1997. The remaining increase was primarily a result of 
increased sales to the Company's current customer base.

GROSS PROFIT. Gross profit for the three months ended June 30, 1997 increased 
by $1.3 million, or 50.9% to $3.9 million from $2.6 million for the three 
months ended June 30, 1996.  Gross profit as a percentage of net sales for 
the three months ended June 30, 1997 was 17.5% compared to 18.7% for the 
three months ended June 30, 1996. The decrease in the gross profit percentage 
was due primarily to the acquisition of DDP which has lower operating gross 
margins primarily due to volume discounts associated with sales to other 
computer supply dealers.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES.  Selling, general and 
administrative expenses for the three months ended June 30, 1997 increased by 
$0.9 million, or 41.2% to $3.0 million from $2.1 million for the three months 
ended June 30, 1996.  Approximately 45.9% of the increase resulted from 
increased salary expenses, while 14.6% was due to increased commission 
expense resulting from the Company's increased sales volume. The remainder of 
the increase in selling, general and administrative expenses resulted 
primarily from the acquisition of DDP and IDS.  As a percentage of net sales, 
selling, general and administrative expenses were 13.7% for the three months 
ended June 30, 1997 compared to 15.7% for the three months ended June 30, 
1996. This decrease as a percentage of sales reflects the Company's ability 
to support increased sales volumes without a significant increase in its 
overhead structure.

OPERATING INCOME. Operating income for the three months ended June 30, 1997 
increased by $0.4 million to $0.8 million from $0.4 million for the three 
months ended June 30, 1996 for the reasons stated above.

INTEREST EXPENSE. Interest expense for the three months ended June 30, 1997 
decreased by $51,936 or 68.7% to $23,713 from $75,649 for the three months 
ended June 30, 1996 due primarily to the decreased level of indebtedness 
during 1997.

PROVISION FOR INCOME TAXES. The provision for income taxes for the three 
months ended June 30, 1997 increased $190,183 to $328,680 from $138,497 for 
the three months ended June 30, 1996.  The Company's effective tax rate was 
40.5% for the three months ended June 30, 1997 as compared to 41.5% for the 
corresponding period of the prior year.

SIX MONTHS ENDED JUNE 30, 1997 COMPARED TO SIX MONTHS ENDED JUNE 30, 1996

NET SALES. Net sales for the six months ended June 30, 1997 increased by 
$16.1 million, or 61.4%, to $42.3 million from $26.2 million for the six 
months ended June 30, 1996.  Approximately 82.7% of the increase resulted 
from the acquisition of DDP on May 30, 1996 and 6% of such increase was due 
to the acquisition of IDS on April 30, 1997.  The remaining increase was 
primarily a result of increased sales to the Company's current customer base.

GROSS PROFIT. Gross profit for the six months ended June 30, 1997 increased 
by $2.3 million, or 44.4% to $7.3 million from $5.1 million for the six 
months ended June 30, 1996.  Gross profit as a percentage of net sales for 
the six months ended June 30, 1997 was

                                       7
<PAGE>

17.3% compared to 19.4% for the six months ended June 30, 1996. The decrease 
in the gross profit percentage was due primarily to the acquisition of DDP 
which has lower operating gross margins primarily due to volume discounts 
associated with sales to other computer supply dealers.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES.  Selling, general and 
administrative expenses for the six months ended June 30, 1997 increased by 
$1.7 million, or 42.7% to $5.7 million from $4.0 million for the six months 
ended June 30, 1996.  Approximately 39.7% of the increase resulted from 
increased salary expenses, while 12.3% was due to increased commission 
expense resulting from the Company's increased sales volume. The remainder of 
the increase in selling, general and administrative expenses resulted 
primarily from the acquisition of DDP and IDS.   As a percentage of net 
sales, selling, general and administrative expenses were 13.6% for the six 
months ended June 30, 1997 compared to 15.4% for the six months ended June 
30, 1996. This decrease as a percentage of sales reflects the Company's 
ability to support increased sales volumes without a significant increase in 
its overhead structure.

OPERATING INCOME. Operating income for the six months ended June 30, 1997 
increased by $0.5 million to $1.6 million from $1.1 million for the six 
months ended June 30, 1996 for the reasons stated above.

INTEREST EXPENSE. Interest expense for the six months ended June 30, 1997 
decreased by $118,003 or 82.8% to $24,584 from $142,587 for the six months 
ended June 30, 1996 due primarily to the decreased level of indebtedness 
during 1997.

PROVISION FOR INCOME TAXES. The provision for income taxes for the six months 
ended June 30, 1997 increased $260,433 to $642,512 from $382,079 for the six 
months ended June 30, 1996.  The Company's effective tax rate was 40.5% for 
the six months ended June 30, 1997 as compared to 41.5% for the corresponding 
period of the prior year.

LIQUIDITY AND CAPITAL RESOURCES

Net cash flows used in operating activities totaled $0.6 million for the 
first six months of 1997 compared to $0.2 million used by operating 
activities during the first six months of 1996. The change in net cash flows 
from operating activities in the first six months of 1997, compared to the 
first six months of 1996, was due primarily to an decrease in accounts 
payable. Working capital approximated $10.2 million at June 30, 1997 and 
December 31, 1996.

Net cash used in investing activities was $1.2 million for the six months 
ended June 30, 1997 versus $0.04 million cash provided by investing 
activities for the six months ended June 30, 1996. The net cash used in 
investing activities primarily reflects the acquisition of IDS in April 1997. 
Net cash provided by financing activities totaled $1.1 million for the six 
months ended June 30, 1997 compared with $0.2 million for the six months 
ended June 30, 1996. This increase was due primarily to increased borrowing 
levels under the Credit Facility.

Capital expenditures for the six months ended June 30, 1997 of $166,015 were 
used primarily to upgrade the computer system at DDP and the purchase of 
additional distribution vehicles. 

For fiscal year 1997, the Company expects capital expenditures of 
approximately $0.3 million (comprised of approximately $0.2 million to be 
used for upgrading and enhancing the Company's management information systems 
and approximately $0.1 million for capital maintenance items).  
Actual expenditures for fiscal 1997 may be greater than budgeted amounts 
depending on the level of acquisition activity and other factors.

The Company believes that its cash on hand, borrowing capacity under the 
Credit Facility, capital resources and cash flows will be sufficient to fund 
its ongoing operations and budgeted capital expenditures for the remainder of 
1997, although actual capital needs may change, particularly in connection 
with acquisitions which the Company may make in the future. The Company's 
long-term requirements including capital expenditures and acquisitions, are 
expected to be financed by a combination of internally generated funds, 
additional borrowings and other sources of external financing as needed.

CREDIT FACILITY

On September 11, 1996, the Company increased the amount of its line-of-credit 
with National City Bank of Dayton, Ohio (the "Bank") from $6,500,000 to 
$15,000,000 in order to facilitate the planned expansion of the Company's 
business activities, including acquisitions. The amount of the Credit 
Facility that will be available to the Company may not exceed the lesser of 
$15.0 million or an amount equal to the sum of: (i) 85.0% of the net book 
value of all eligible receivables (i.e., those receivables less than 90 days 
old, except that all receivables from any particular customer will be 
ineligible if more than 15.0% of the total due from such customer are aged 90 
days or more) plus (ii) an amount equal to the lesser of either 50.0% of the 
value of all inventory, not to exceed 45.0% of the

                                       8
<PAGE>

aggregate unpaid principal balance less the amount secured by inventory 
acquired by the Company from Hewlett-Packard Company and not yet paid for, or 
if advances are made against foreign accounts receivables, not to exceed $2.0 
million (the "Borrowing Base"). Under the Credit Facility, the Company's 
borrowing availability at June 30, 1997 approximated $9.3 million. At June 
30, 1997, $1.3 million was outstanding under the Credit Facility.

The Borrowing Base may be changed by the Bank, in its sole discretion, from 
time to time. Borrowings under the Credit Facility bear interest, at the 
Company's option, (i) on amounts in excess of $500,000, at the applicable 
London Interbank Offered Rate ("LIBOR") per annum determined by the Bank plus 
2.0%, adjustable at the end of each contract period (one, two, three, four or 
six months), as defined in the Credit Facility, or (ii) at the Bank's 
applicable prime rate (as defined in the Credit Facility). Interest on the 
Credit Facility is payable in arrears on the last day of each month and at 
maturity, except that interest on loans bearing interest utilizing the LIBOR 
option is payable on the last day of the contract period and at maturity, 
unless the contract period is longer than 90 days in which case interest is 
payable every three months.

The indebtedness under the Credit Facility is secured by substantially all of 
the assets of the Company, including accounts receivable, equipment and 
inventory. In addition, the Credit Facility requires that the Company 
maintain a tangible net worth of $3.2 million in 1997 and thereafter 
increasing by an amount equal to 50.0% of the Company's net income annually 
thereafter, maintain a debt to tangible net worth ratio of 450.0% and annual 
pre-tax interest coverage (net income plus interest expense plus income tax) 
of 150.0% or more of the Company's annual interest expense. The Company was, 
at June 30, 1997 and is as of the date hereof, in compliance with these 
financial covenants.

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<PAGE>

                           PART II-OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

         At June 30, 1997 the Company was not involved in any legal proceedings
incidental to the conduct of its business as of the date hereof. The Company
maintains general liability and business interruption insurance coverage in
amounts which it believes to be adequate.

ITEM 2.  CHANGES IN SECURITIES
         Not applicable.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES
         Not applicable.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

On May 29, 1997 the Company held its first annual shareholders meeting at its 
principal offices located at 4750 Hempstead Station Drive,  Dayton, Ohio 
45429 at 10:30 a.m., Eastern Time.

There were 3,538,000 shares of Common Stock of the Company which could be 
voted at the Annual Meeting, and 3,155,444 shares were represented at such 
meeting by the holders thereof in person or by proxy, which constituted a 
quorum.  Matters voted upon were as follows:

   Nominees for Board of Directors for a One-Year Term Expiring in 1998

                               NUMBER OF VOTES

NAME                          FOR                  WITHHELD           NOT VOTED
----                          ---                  --------           ---------
a. Robert G. Hecht          3,154,844                 600              382,556
b. Anthony W. Liberati      3,154,644                 800              382,556
c. Harry F. Radcliffe       3,154,644                 800              382,556
d. Albert L. Schwarz        3,154,844                 600              382,556
e. Thomas C. Winstel        3,154,844                 600              382,556

The shareholders also voted by ballot and by proxy to ratify the appointment 
by the Board of Directors of Price Waterhouse LLP as the Company's 
independent auditors for the fiscal year ending December 31, 1997, and the 
result of the vote taken was as follows:

                   FOR        AGAINST        ABSTAIN      NOT VOTED
                   ---        -------        -------      ---------
                3,153,944      1,000           500         382,556

The said proposals were approved by the requisite number of the total votes
eligible to be cast and these matters have been adopted by the stockholders of
the Company.

ITEM 5.  OTHER INFORMATION
         Not applicable.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)   Exhibits

      27  Financial Data Schedule

      99  Safe Harbor Under the Private Securities Litigation Reform Act of 1995

(b)   Reports on Form 8-K

      There were no reports on Form 8-K filed for the quarter ended June 30,
1997.

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<PAGE>

SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                          MIAMI COMPUTER SUPPLY CORPORATION
                                     (Registrant)

Date:  August 14, 1997
                                By:/s/ Michael E. Peppel
                                       Michael E. Peppel
                                       Vice President - Chief Financial Officer

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