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WINTHROP RESOURCES ANNOUNCES TWO MAJOR NEW CONTRACTS

 MINNEAPOLIS, Jan. 5 /PRNewswire/ -- Winthrop Resources Corp. (NASDAQ-NMS: WINR) today announced that it has signed a lease contract with Pier 1 Imports, Inc., Fort Worth, Tex., for $16 million of IBM point-of-sale computer equipment.
 Winthrop also announced that it has signed an agreement with Pacific Bell, San Ramon, Calif., under which it will provide a Pacific Bell customer with equipment and services financing with a potential value of up to $17 million.
 Winthrop Resources Corp., a financial services company based in Minneapolis, leases computers and other high-technology equipment to corporations throughout the United States.
 -0- 1/5/93
 /CONTACT: Tom Langenfeld of Swenson Falker Eilertsen, 612-371-0000, for Winthrop Resources; or John Morgan of Winthrop Resources, 612-936-0226/
 (WINR)


CO: Winthrop Resources Corp.; Pier 1 Imports, Inc.; Pacific Bell ST: Minnesota, Texas, California IN: CPR SU:

AL -- MN009 -- 1734 01/05/93 12:32 EST
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Publication:PR Newswire
Date:Jan 5, 1993
Words:143
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