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U.S. LONG DISTANCE CORP. POSTPONES PUBLIC OFFERING

 SAN ANTONIO, Dec. 16 /PRNewswire/ -- U.S. Long Distance Corp. (NASDAQ-NMS: USLD) announced today that it was postponing for an indefinite period of time its proposed public offering of two million common shares. Of the shares to have been offered, 1,550,000 were to be newly issued and sold by the company, and 450,000 were to be sold by subordinated noteholders upon the exercise of warrants.
 The company intends to file its Form 10-K with the Securities and Exchange Commission prior to Dec. 30th, reflecting the fiscal 1992 financial results which were released last month. The results included an increase in net income from $1.2 million for fiscal 1991 to $4.0 million for fiscal 1992. Parris H. Holmes Jr., chairman and chief executive officer, stated, "The company continues to consider and evaluate many business opportunities, including several potential acquisitions in the telecommunications industry."
 The company is a fully integrated long distance telecommunications and information management services company with three primary areas of business: direct dial long distance telecommunications services in Texas and three surrounding states; billing clearinghouse and information management services for operator services and direct dial long distance companies; and operator services for the hospitality and pay telephone industries.
 -0- 12/16/92
 /CONTACT: Kim Parma, vice president - investor relations of U.S. Long Distance Corp., 210-525-6228/
 (USLD)


CO: U.S. Long Distance Corp. ST: Texas IN: TLS SU: OFR

AH -- NY059 -- 7716 12/16/92 12:41 EST
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Publication:PR Newswire
Date:Dec 16, 1992
Words:244
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