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RAD SAN, INC. SUBMITS PLAN FOR REORGANIZATION

 MIAMI SHORES, Fla., Oct. 13 /PRNewswire/ -- Rad San, Inc. (OTC Bulletin Board: RDSA) announced today that it has submitted a plan of reorganization in conjunction with the debtors, in the Chapter 11 Bankruptcy case of Phone One, Inc. upon approval of the plan by the court and creditors, Phone One, Inc. will become a wholly owned subsidiary of Rad San, Inc.
 Rad San, Inc. under the plan will acquire the stock of Phone One, Inc. for the forgiveness of approximately $5 million of Phone One debt and all other creditors will be paid in full.
 Phone One, Inc. is an alternative long distance telephone carrier based in Orlando, Fla., and has revenues of approximatley $13 million per year.
 William M. Allen, president of Rad San, Inc., and Tim Tuck, president of Phone One, Inc., in announcing the filing stated, "We believe that this plan represents the best alternative for the customers, creditors and employees of Phone One, Inc. It will assure that Phone One, Inc. will continue to offer the highest quality and service to its customers and by elimination of long term debt will put the company in one of the strongest financial conditions in the industry."
 -0- 10/13/93
 /CONTACT: William M. Allen, president of Rad San, 305-751-5115; or Joel Bernstein, 305-856-5895 for Rad San/


CO: Rad San, Inc. ST: Florida IN: TLS SU:

JV-SS -- FL011 -- 1788 10/13/93 15:03 EDT
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Publication:PR Newswire
Date:Oct 13, 1993
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