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COMMAND CREDIT ANNOUNCES MERGER AGREEMENT

 COMMAND CREDIT ANNOUNCES MERGER AGREEMENT
 ROCKVILLE CENTRE, N.Y.., Nov. 13 /PRNewswire/ -- William G. Lucas,


chairman of Command Credit Corporation (NASDAQ: CDMD), announced today that Command has reached an agreement in principal to merge with a $200 million, full-service domestic bank.
 The proposed agreement calls for an exchange of shares between the two NASDAQ-listed companies.
 "This merger will give Command tremendous opportunities for growth," Lucas said. "In addition to an outlet to issue bank credit cards, it will propel the development and implementation of Command's health care credit card program for Health Services Credit Corporation."
 Final terms of the merger agreement are forthcoming. Command Credit Corporation is an international financial services company with offices in New York, Florida, England and Holland.
 -0- 11/13/92
 /CONTACT: Scott R. Sieck of MDC Group, Inc., 407-896-0906, for Command Credit Corp./
 (CDMD) CO: Command Credit Corp.; Health Services Credit Corporation ST: New York IN: FIN SU:


JB-BN -- FL003 -- 0514 11/13/92 08:21 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 13, 1992
Words:162
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