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ARCHER COMMUNICATIONS ANNOUNCES POTENTIAL CLASS ACTION LAWSUITS FILED BY SHAREHOLDERS

 ARCHER COMMUNICATIONS ANNOUNCES POTENTIAL CLASS ACTION LAWSUITS
 FILED BY SHAREHOLDERS
 CALGARY, Alberta, Feb. 24 /PRNewswire/ -- Archer Communications Inc. (NASDAQ: QSNDF; Toronto: AAZ) announces that several shareholders have filed claims seeking to establish class action lawsuits in the United States against the company, certain directors and officers, and others. The lawsuits allege violations of U.S. securities laws and state law in connection with disclosures made by the company regarding certain transactions and various aspects of the company's business. The company believes that it has meritorios defences to the lawsuits and is proceeding to defend these actions.
 -0- 2/24/92
 /CONTACT: David Gallagher of Archer Communications, 403-269-9007/
 (QSNDF AAZ) CO: Archer Communications Inc. ST: IN: ENT SU:


AW-JJ -- FL009 -- 1817 02/24/92 10:47 EST
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Publication:PR Newswire
Date:Feb 24, 1992
Words:126
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