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BOSTON TECHNOLOGY RECEIVES ADDITIONAL $20 MILLION FOREIGN EXCHANGE LINE FROM SILICON VALLEY BANK

 WAKEFIELD, Mass., Oct. 19 /PRNewswire/ -- Boston Technology, Inc. (NASDAQ: BSTN) announced today that it has received a new $20 million foreign exchange line of credit from Silicon Valley Bank for its international business. This new exchange line is in addition to a $30 million foreign exchange line Boston Technology currently holds with Philadelphia National Bank.
 William J. Burke, vice president of finance, chief financial officer and treasurer of Boston Technology said, "The receipt of this new foreign exchange line affirms the success we have already experienced in the international marketplace and opens us up to new possibilities. This second line will allow us to secure the more attractive exchange rate before we enter into a spot or forward contract. Both Silicon Valley Bank and Philadelphia National Bank are financially solid, highly respected banks. Boston Technology will now have combined foreign exchange lines of $50 million dedicated to its international currency requirements. In July, we received a $15 million revolving line of credit from the two banks. We are pleased to have the opportunity to build on this relationship with this new foreign exchange line."
 Allyn C. Woodward, Jr., chief operating officer of Silicon Valley Bank, said, "Earlier this year we provided a new revolving credit line to Boston Technology. We have been very impressed with the company's opportunities internationally and are pleased to be providing additional funds to support its international growth."
 Based in San Jose, Calif., Silicon Valley Bank is a wholly owned subsidiary of Silicon Valley Bancshares (NASDAQ: SIVB) and primarily serves emerging and middle market technology companies in prominent marketplaces in the United States. Silicon Valley Bank had $935 million in assets as of March 31, 1993.
 Based in Wakefield, Mass., Boston Technology develops, manufactures, markets and supports systems that provide enhanced voice and information processing services for telephone companies, wireless telephone service providers, interexchange carriers, other service providers, and large organizations worldwide.
 -0- 10/19/93
 /CONTACT: Katherine Raphaelson, director, investor and public relations, 617-246-9000, ext. 3504; or Kim Carnesale, investor and public relations analyst, 617-246-9000, ext. 3550, both of Boston Technology/
 (BSTN SIVB)


CO: Boston Technology, Inc.; Silicon Valley Bank; Silicon Valley
 Bancshares ST: Massachusetts, California IN: TLS SU:


CM-DJ -- NE013 -- 4020 10/19/93 13:29 EDT
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Publication:PR Newswire
Date:Oct 19, 1993
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