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TELECONCEPTS REPORTS STOCK SALE BY CONTROLLING SHAREHOLDERS; NAMES MONTLE AND CULOTTA TO BOARD

 TELECONCEPTS REPORTS STOCK SALE BY CONTROLLING SHAREHOLDERS;
 NAMES MONTLE AND CULOTTA TO BOARD
 NEWINGTON, Conn., Dec. 27 /PRNewswire/ -- TeleConcepts Corporation (AMEX: TCC), Newington, today announced that its controlling shareholders, William D. Putt and Robert and Myra Winkler, have sold 2,883,516 shares of their stock to Travis Partners, G.P., of Houston, an affiliate of Montle International Incorporated, a Houston based merchant bank. The Winklers and Putt still retain 152,556 shares. Payment was in the form of cash and notes.
 The board of directors of the corporation has also elected Paul Montle and Paul Culotta to its board of directors. Montle has been appointed chairman of the board and chief executive officer. Culotta has been appointed chief financial officer and assistant secretary. The previous directors will continue to serve on the board. Montle and Culotta are managing directors of Montle International Incorporated.
 -0- 12/27/91
 /CONTACT: William D. Putt of TeleConcepts, 203-666-5666; or Paul Montle of Montle International, 713-228-4633/
 (TCC) CO: TeleConcepts Corporation; Montle International Incorporated ST: Connecticut, Texas IN: TLS SU: PER


GK -- NY006 -- 5455 12/27/91 11:00 EST
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Publication:PR Newswire
Date:Dec 27, 1991
Words:185
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