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BOSTON TECHNOLOGY RECEIVES $30 MILLION FOREIGN EXCHANGE CREDIT LINE FROM PHILADELPHIA NATIONAL BANK

 WAKEFIELD, Mass, June 28 /PRNewswire/ -- Boston Technology, Inc. (NASDAQ: BSTN) announced today that it has received an increase from $25 million to $30 million in its unsecured foreign exchange line of credit from Philadelphia National Bank for its international business.
 William J. Burke, vice president of finance, chief financial officer and treasurer of Boston Technology said, "This increase in our foreign exchange line demonstrates the Bank's satisfaction with our financial condition and results of operations and concurrence with our business and financial goals. Their support will enhance our ability to continue to penetrate new markets, both domestically and internationally. We are pleased to renew our relationship with Philadelphia National Bank, a financially strong, well-respected, industry-knowledgeable organization."
 Philadelphia National Bank is the lead wholesale bank of CoreStates Financial Corp. (NASDAQ: CSFN), a Philadelphia-based multibank holding company marketing broadly diversified financial services in the middle Atlantic region, and selected products and services worldwide. The principal banking subsidiaries are CoreStates Bank, N.A., which operates under the names Philadelphia National Bank, serving wholesale/commercial customers, and CoreStates First Pennsylvania Bank, serving retail customers; and Hamilton Bank and New Jersey National Bank.
 CoreStates is a regional and national leader in processing financial transactions. In addition to banking, it engages in factoring and asset-based lending, merchant banking, trust and investment banking and international trade finance. CoreStates had total assets of $22.9 billion as of March 31, 1993. Donald C. Frueh, senior vice president and senior credit officer of Philadelphia National Bank, said, "We are pleased to provide Boston Technology with an increase in our foreign exchange facility, and look forward to further strengthening our relationship in the future."
 Based in Wakefield, Mass., Boston Technology develops, manufactures, markets and supports systems that provide enhanced voice and information processing services for domestic and international telephone companies, wireless telephone service providers, interexchange carriers, other service providers, and large organizations.
 -0- 6/28/93
 /CONTACT: Katherine Raphaelson, director, Investor and Public Relations, 617-246-9000, ext. 3504, or Kim Carnesale, specialist, Investor and Public Relations, 617-246-9000, ext. 3550, both of Boston Technology/
 (BSTN CSFN)


CO: Boston Technology; Philadelphia National Bank ST: Massachusetts IN: CPR, FIN SU: FNC

CM -- NE009 -- 6292 06/28/93 13:34 EDT
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Publication:PR Newswire
Date:Jun 28, 1993
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