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AMERICAN FILM REPORTS SIGNING OF AGREEMENT TO SELL ITS COLORIMAGED LIBRARY

 WAYNE, Pa., Dec. 6 /PRNewswire/ -- Gerald M. Wetzler, chairman and chief executive officer, announced today that American Film Technologies Inc. (NASDAQ: AFTIQ) has entered into an agreement with Encore Distribution Ltd. of Bermuda for the sale of all of the 11 completed films in its Colorimaged film library on or before Dec. 31, 1993. The purchase price for the film library is $1,000,000 U.S.
 The consummation of the transaction is subject to the approval of the Bankruptcy Court, the purchaser's satisfactory conclusion of its due diligence review and financing arrangements.
 American Film Technologies Inc., the dominant supplier of film coloring services to the motion picture and television industry, has offices in Philadelphia and New York with production facilities in San Diego and Tijuana.
 -0- 12/6/93
 /CONTACT: Arthur P. Hartel Jr., president, of American Film Technologies, 215-688-1322/
 (AFTIQ)


CO: American Film Technologies Inc.; Encore Distribution Ltd. ST: Pennsylvania, California IN: ENT SU: TNM

JL-EH -- LA026 -- 0994 12/06/93 17:34 EST
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Publication:PR Newswire
Date:Dec 6, 1993
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