  Employing a recently developed technique of component weighted two particle
Green's functions in the CPA of a binary substitutional alloy $A_cB_{1-c}$ we
extend the existing theory of excitons in such media using a contact potential
model for the interaction between electrons and holes to an approximation which
interpolates correctly between the limits of weak and strong disorder. With our
approach we are also able to treat the case where the contact interaction
between carriers varies between sites of different types, thus introducing
further disorder into the system. Based on this approach we study numerically
how the formation of exciton bound states changes as the strengths of the
contact potentials associated with either of the two site types are varied
through a large range of parameter values.
