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CAPITAL NETWORK SERVICES, A 100 PERCENT WOMEN-OWNED BUSINESS, PROVIDES CASH MANAGEMENT SERVICES TO INSTITUTIONAL CLIENTS

 SAN FRANCISCO, March 29 /PRNewswire/ -- Capital Network Services (CNS), a 100 percent women-owned business specializes in the management of short-term and long-term cash. Kathryn A. Heily, chairman and president of CNS, says, "We are one of the few certified WBE's(A) in the field of cash management. Corporations, government agencies, pensions and foundations who invest through CNS satisfy their goals and mandates to support women-owned businesses."
 The CNS Cash Management Program was developed in 1986 at the investment banking firm of Hambrecht & Quist. Capital Network Services became a WBE independent company in August of 1990. CNS can provide cash management services to corporations, government agencies, utilities, schools, hospitals and pension plans as well as high net- worth individuals. Total assets under management exceed $250 million.
 CNS works with Concord Financial Group, one of the nations' largest administrators and distributors of proprietary funds owned by banks. Through Concord, CNS is partnered with a strong nationwide network of major banks and investment institutions who manage the portfolios. As a shareholder service agent, CNS has access to a wide selection of high quality short-term and long-term investment products.
 Capital Network Services' principals have sixty years of combined brokerage and banking expertise. Kathryn A. Heily, chairman and president, was a principal at Hambrecht & Quist from 1986 until the formation of CNS. Previously she was a vice president of Merrill Lynch, Pierce, Fenner & Smith for 18 years.
 Jens B. Ruhland, chief executive officer and treasurer has also been in the brokerage and investment banking industry for 19 years, with Hambrecht & Quist and Kidder Peabody & Co. Debra J. Shanley, chief operating officer and secretary, has 17 years of operations and investment experience with Hambrecht & Quist and First Interstate Bank of Oregon and California.
 NOTE: (A) Women's Business Enterprise, a government designation.
 -0- 3/29/93
 /CONTACT: Laura J. Berger or Patricia Limoges of Arlen Financial Communications, 212-966-5100, for Capital Network Services/


CO: Capital Network Services ST: California IN: FIN SU:

TM-WB -- NY007 -- 0350 03/29/93 09:01 EST
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Date:Mar 29, 1993
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