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ALLTEL'S SYSTEMATICS SIGNS OUTSOURCING AGREEMENT WITH CALIFORNIA FEDERAL

ALLTEL'S SYSTEMATICS SIGNS OUTSOURCING AGREEMENT WITH CALIFORNIA FEDERAL
 LITTLE ROCK, Ark., Dec. 30 /PRNewswire/ -- ALLTEL Corporation (NYSE: AT) announced that Systematics Information Services, Inc., a subsidiary, has now signed a definitive agreement with California Federal Bank, FSB, Los Angeles, to manage the institution's information systems function. As part of the agreement, Systematics will hire some 215 California Federal information processing employees, effective Jan. 1, 1992. Other terms were not disclosed. Systematics' selection by California Federal, pending final contract negotiations and certain necessary approvals, was previously announced on June 14, 1991.
 California Federal Bank, a federal savings bank, has more than $18 billion in assets and is the principal subsidiary of CalFed Inc. California Federal operates offices in California, Florida, Georgia and Nevada.
 Systematics, with clients in 46 states and 24 countries outside the United States, provides information processing management, services and software to the financial and telecommunications industries. The company is a subsidiary of ALLTEL Corporation.
 ALLTEL Corporation provides telephone service to 1.2 million customers in 25 states and has subsidiaries or investments in companies that provide cellular telephone, long-distance and information services, communications products and other related services.
 -0- 12/30/91
 /CONTACT: Ron Payne, vice president-corporate communications of ALLTEL Corp., 501-661-8989/
 (AT) CO: ALLTEL Corporation ST: Arkansas IN: TLS SU:


KK -- CL003 -- 2820 12/30/91 10:58 EST
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Publication:PR Newswire
Date:Dec 30, 1991
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