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BASE TEN SYSTEMS SUCCESSFULLY NEGOTIATES A LEASE TERMINATION

 BASE TEN SYSTEMS SUCCESSFULLY NEGOTIATES A LEASE TERMINATION
 TRENTON, N.J., June 24 /PRNewswire/ -- Edward J. Klinsport, senior vice president and chief financial officer of Base Ten Systems, Inc. (NASDAQ-NMS: BASEA), today announced that the company has successfully negotiated a termination of the remaining 21 years of its long term lease obligation on unoccupied premises in the United Kingdom in exchange for a cash payment of approximately $1.1 million.
 Anticipating the severely depressed real estate market in the United Kingdom, the company, at the end of fiscal 1991 (Oct. 31, 1991), made provision for three years' rent, expenses, and taxes at a total cost of approximately $2 million. As of June 22, 1992, all future building costs have been eliminated.
 The net effect of this transaction is to increase the company's net worth by approximately $590,000 and to eliminate a $600,000 annual drain on earnings.
 Base Ten Systems, Inc. is a diversified technology company engaged in design and manufacturing of weapons control systems, medical software, portable memory engines, and secure communications.
 /delval/
 -0- 6/24/92
 /CONTACT: Edward J. Klinsport of Base Ten Systems, 609-586-7010, or Richard Cooper Strategic Growth International, 212-826-9622/
 (BASE) CO: Base Ten Systems, Inc. ST: New Jersey IN: CPR SU:


JS -- PH001 -- 3087 06/24/92 07:35 EDT
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Publication:PR Newswire
Date:Jun 24, 1992
Words:216
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