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BANCTEC RECEIVES $7.3 MILLION IMAGEFIRST ORDER FROM OLIVETTI

 BANCTEC RECEIVES $7.3 MILLION IMAGEFIRST ORDER FROM OLIVETTI
 DALLAS, July 6 /PRNewswire/ -- BancTec, Inc. (NASDAQ: BTEC) announced today that ScanData Nederland N.V., its European joint venture with Thomson-CSF, has received an order from Olivetti (Schweiz)-AG, a Swiss corporation, for approximately $7.3 million for BancTec's ImageFIRST(R) systems.
 Olivetti (Schweiz)-AG has been awarded a large scale systems integration project for the Swiss Postal Telephone and Telegraph to upgrade its giro document processing and accounting systems. BancTec will be providing the image processing systems and software for the document capture component of the project. These systems will be installed in cities throughout Switzerland.
 BancTec, Inc. is a leading worldwide provider of integrated financial transaction processing systems, application software and support services. BancTec develops turn-key document image processing and data capture solutions for the banking, financial services, insurance, government, utility, telecommunications and retail industries. The company also designs, manufactures and markets document processing equipment for OEM customers and provides third-party maintenance and support services for local area networks and personal computers.
 -0- 7/6/92
 /CONTACT: Gary Robinson, vice president and chief financial officer of BancTec, 214-450-7753/
 (BTEC) CO: BancTec Inc.; Olivetti (Schweiz)-AG ST: Texas IN: TLS SU: CON


SH -- NY023 -- 6580 07/06/92 11:22 EDT
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Publication:PR Newswire
Date:Jul 6, 1992
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