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THRIFTY TEL INC. ACQUIRES SOUTHERN CALIFORNIA LONG DISTANCE TELEPHONE SERVICE COMPANY

 LOS ANGELES, Jan. 7 /PRNewswire/ -- Thrifty Tel Inc. (OTC: THRF), a long distance telephone service company, today announced the company acquired the long distance telephone business of Call USA Inc. ("CUSA"), a California company headquartered in Victorville, Calif. The acquisition is subject to California Public Utilities Commission approval.
 The company acquired CUSA's entire long distance telephone service customer base of 5,500 and its related equipment, CUSA's office building consisting of real property and improvements, valued at approximately $400,000, the goodwill of CUSA's long distance business together with all other assets, tangible or intangible, related to the long distance telephone service business of CUSA. For the acquisition, THRF paid a purchase price of 1,040,000 shares of its restricted common stock subject to an adjustment period based on cash received and future stock performance.
 The acquisition agreement was executed on Jan. 5, 1993, with an effective date of Dec. 31, 1992.
 CUSA was founded in June 1983 and is a California-certified long distance telephone service company. CUSA's customer base is primarily concentrated throughout the High Desert area of Southern California.
 Management stated that THRF anticipates an increase of $400,000 in monthly revenue from the acquisition of CUSA and it expects to realize approximately 30 percent-40 percent of the revenue increase to net income after the integration of the CUSA business. In addition, the acquisition enables THRF to rapidly penetrate the High Desert communities of California.
 Thrifty Tel Inc. is a long distance telephone service company headquartered in Garden Grove, Calif., with additional sales and marketing facilities located in Los Angeles, Orange, San Bernardino and San Diego counties, Calif. The company offers digital fiber optic quality service at extremely competitive rates and is certified by the California Public Utilities Commission.
 -0- 1/7/93
 /CONTACT: Rebecca J. Bigley of Thrifty Tel, 714-740-2880/


CO: Thrifty Tel Inc.; Call USA Inc. ST: California IN: TLS SU: TNM

JB-KJ -- LA004 -- 2515 01/07/93 09:06 EST
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Publication:PR Newswire
Date:Jan 7, 1993
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