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BANCTEC COMPLETES ACQUISITION OF COMPUTER FIELD SPECIALISTS

 BANCTEC COMPLETES ACQUISITION OF COMPUTER FIELD SPECIALISTS
 DALLAS, June 29 /PRNewswire/ -- BancTec, Inc. (NASDAQ: BTEC), today


announced it has completed the closing for the acquisition of Computer Field Specialists, Inc., and Computer Field Specialists of Texas, Inc. (collectively CFS), headquartered in Oklahoma City.
 All outstanding shares of CFS have been exchanged for 318,181 shares of BancTec stock and the transaction will be accounted for as a pooling- of-interests. CFS has annual revenues of approximately $9 million and is a provider of hardware maintenance service on IBM 3890 and 3890 XP reader/sorters to banks and bank service bureaus. CFS also refurbishes and resells IBM 3890 and 3890 XP reader/sorters, which are 2400 document-per-minute processors and are the primary transports for check sorting in many large banks.
 BancTec, Inc., is a leading worldwide provider of integrated financial transaction processing systems, application software and support services. BancTec develops turn-key document image processing and data capture solutions for the banking, financial services, insurance, government, utility, telecommunications and retail industries. The company also designs, manufactures and markets document processing equipment for OEM customers and provides third-party maintenance and support services for local area networks and personal computers.
 -0- 6/29/92
 /CONTACT: Gary Robinson, vice president and chief financial officer of BancTec, 214-450-7753/
 (BTEC) CO: BancTec, Inc. ST: Texas, Oklahoma IN: SU: TNM


GK -- NY046 -- 4708 06/29/92 12:15 EDT
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Date:Jun 29, 1992
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