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SA HOLDINGS ANNOUNCES AGREEMENT TO ACQUIRE LONG DISTANCE, INTER-EXCHANGE CARRIER

 PLANO, Texas, Oct. 1 /PRNewswire/ -- SA Holdings, Inc. (NASDAQ: SAHI) today announced that it had reached an agreement in principle and had executed a letter of intent to acquire an undisclosed long distance, inter-exchange carrier. This long distance carrier has projected revenues for 1993 of approximately $6.5 million. The consummation of this planned acquisition is subject to the execution of a definitive agreement which will contain the normal representations, warranties, covenants and conditions customarily included in such agreements for similar transactions and the approval of the boards of directors of the respective companies.
 -0- 10/1/93
 /CONTACT: Jack W. Matz of SA Holdings, Inc., 214-516-0662/
 (SAHI)


CO: SA Holdings, Inc. ST: Texas IN: SU: TNM

WB-MP -- NY093 -- 7963 10/01/93 17:00 EDT
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Publication:PR Newswire
Date:Oct 1, 1993
Words:126
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