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TELECONCEPTS SETS NEW DATE FOR SPECIAL MEETING TO APPROVE MERGER

 TELECONCEPTS SETS NEW DATE FOR SPECIAL MEETING TO APPROVE MERGER
 HOUSTON, June 30 /PRNewswire/ -- TeleConcepts Corporation (AMEX:TCC) today announced that its special meeting in lieu on annual meeting of stockholders has been rescheduled from July, 2, 1992 to July 30, 1992. The meeting, to take place in New York City, will be open to stockholders of record as of June 1, 1992. Proxy materials containing information regarding the meeting, including the merger and its administrative procedures, will be mailed during the week of July 13, 1992.
 The company also announced today that the spin-off of the telephone company will be changed such that prior to the consummation of the merger, stockholders of TeleConcepts will be given one share of common stock of the telephone company for each share of common stock of TeleConcepts, as opposed to the previous ratio of .25 shares for one. It should be noted, however, that as was the case with the previous ratio, all of the common stock of the telephone company will be distributed to the stockholders of TeleConcepts, and the stockholders of TeleConcepts will own 100 percent of the outstanding shares of common stock of the telephone company in the same proportional interests as their ownership in TeleConcepts.
 TeleConcepts currently designs and markets telephones and telephone devices for residential and commercial use. Thermascan has exclusive North American rights to market and sell an FDA approved test for AIDS, called Fluorognost, and a patent of 14 all-human monoclonal antibody reagents which are directed against the HIV-1 virus. After the merger, the medical diagnostics and biotech business will continue in a separate company, Viral Testing Systems Corporation (AMEX: VTS), to be listed on the American Stock Exchange. The telephone business will continue as TeleConcepts, Inc. (new symbol: TCX), currently listed on the American Stock Exchange.
 -0- 6/30/92
 /CONTACT: Paul J. Montle of TeleConcepts, 713-228-4633/
 (TCC) CO: TeleConcepts Corporation ST: Texas IN: TLS SU:


PS-AH -- NY060 -- 5194 06/30/92 13:06 EDT
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Publication:PR Newswire
Date:Jun 30, 1992
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