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THRIFTY TEL ANNOUNCES APPROVAL OF ORDER TO DISMISS BANKRUPTCY

THRIFTY TEL ANNOUNCES APPROVAL OF ORDER TO DISMISS BANKRUPTCY
 LOS ANGELES, Dec. 10 /PRNewswire/ -- Thrifty Tel Inc., Los Angeles, announced today that an order to dismiss the company's Chapter 11 bankruptcy was approved at 10:30 a.m. PST, Dec. 10, 1991, by the Honorable Judge Kathleen March of the U.S. Federal Bankruptcy Court.
 The company has shown eight consecutive profitable quarters. Its last reported quarter ended Aug. 31, 1991. Revenues for the quarter were approximately $3 million with income of approximately $220,000 for the period.
 The company will be releasing a more formalized and detailed announcement regarding the company's earnings and its release from bankruptcy.
 -0- 12/10/91
 /CONTACT: Rebecca Bigley of Thrifty Tel, 714-740-2880/ CO: Thrifty Tel Inc. ST: California IN: SU:


CH -- LA020 -- 1079 12/10/91 14:06 EST
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Publication:PR Newswire
Date:Dec 10, 1991
Words:136
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