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INTERTAN INC. ANNOUNCES WAIVER EXTENSION

 BARRIE, Ontario, May 21 /PRNewswire/ -- InterTan Inc. (NYSE: ITN) announced today that its banks have agreed in principle to extend the waiver under its credit agreement maturing on May 22 to June 30, 1993.
 In the interim the company is in continuing discussions with its banks and other financial institutions concerning permanent financing, as well as with Tandy Corporation (NYSE: TAN) regarding the distribution agreement.
 -0- 5/21/93
 /CONTACT: Keith H. Wettlaufer, senior vice president-finance and administration of InterTan, 705-728-6262/
 (ITN TAN)


CO: InterTan Inc.; Tandy Corp. ST: Ontario IN: REA SU:

GK-TS -- NY041 -- 1242 05/21/93 13:48 EDT
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Publication:PR Newswire
Date:May 21, 1993
Words:102
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