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NETWORK FINANCIAL SERVICES, INC., ISSUES STATEMENT

 SAN JOSE, Calif., Sept. 22 /PRNewswire/ -- Network Financial Services, Inc. (NASDAQ Small Cap: NETW), said it knows of no reason for the recent decline in the price of the company's common stock.
 Lee J. Danna, chairman, said that Network is negotiating to become an investment banking client of a well-respected brokerage firm to increase Network's opportunities in the acquisition area.
 In addition, Mr. Danna added that Network is on schedule with its plans next week to introduce the nation's first on-line computer software system that enables realtors to provide "one-stop shopping" for homes, mortgages and insurance.
 Network's ProSolutions software/on-line service will be introduced at the California Association of Realtors Convention, starting Monday, Sept. 27, in Anaheim, Calif.
 -0- 9/22/93
 /CONTACT: Lee J. Danna, chairman of Network Financial Services, Inc., 408-475-1000, or Gary Fishman of The Hudson Stone Group, 212-983-8550/
 (NETW)


CO: Network Financial Services, Inc. ST: California IN: CPR SU:

TW -- NY069 -- 4792 09/22/93 15:00 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
Words:162
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