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SPECTRUM INFORMATION TECHNOLOGIES THE SUBJECT OF CLASS ACTION LAWSUITS

 MANHASSET, N.Y., May 25 /PRNewswire/ -- Spectrum Information Technologies, Inc. (NASDAQ-NMS: SPCL), Manhasset, today announced that it has learned that it and certain of its officers and directors have been named as defendants in class action lawsuits alleging claims under the federal securities laws.
 Spectrum has received three complaints filed in the United States District Court for the Eastern District of New York and has learned that several other complaints have also been filed. Spectrum denies any wrongdoing and intends to vigorously defend the lawsuits.
 Spectrum Information Technologies, Inc., is headquartered in Manhasset, with facilities nationwide. Spectrum develops and licenses wireless data transmission technologies through its subsidiary Spectrum Cellular Corporation. The company designs, markets and services portable communications and computing systems as a systems integrator through its subsidiary Data One. Spectrum is a distributor of portable computers through its subsidiary Computer Bay, which has the resources of 270 franchise locations.
 -0- 5/25/93
 /CONTACT: Kathy L. Bachand, investor relations, 800-FOR-SPCL, or Peter T. Caserta, president and CEO, 516-627-8992, both of Spectrum/
 (SPCL)


CO: Spectrum Information Technologies, Inc. ST: New York IN: TLS SU:

GK -- NY091 -- 2309 05/25/93 16:24 EDT
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Publication:PR Newswire
Date:May 25, 1993
Words:193
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