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CYBERTEK CORPORATION MAKES ANNOUNCEMENT

 DALLAS, July 26 /PRNewswire/ -- CYBERTEK Corporation (NASDAQ-NMS: CKCP) of Dallas has been informed that Policy Management Systems Corporation (NYSE: PMS) of Blythewood, S.C. has extended the duration of its offer to purchase for cash all outstanding shares of the common stock of CYBERTEK Corporation.
 C-TEK Acquisition Corporation is offering to purchase upon the terms and subject to the conditions of the tender offer, all of the outstanding shares of common stock of CYBERTEK at $15.10 net per share in cash. The offer was commenced on June 24, 1993, and was scheduled to expire at 5 p.m., New York City time on Friday, July 23, 1993, unless extended as provided in the offer.
 Pursuant to the extension, the tender offer and withdrawal rights will expire at 5 p.m., New York City time, on Friday, Aug. 20, 1993, unless otherwise extended. The information agent for the offer is D.F. King & Co., Inc, and the dealer manager for the offer is The Robinson-Humphrey Company, Inc.
 PMSC stated that it has been informed by the Depositary for the tender offer, American Stock Transfer & Trust Company, that as of 5 p.m., New York City time, on Friday, July 23, 1993, 3,432,972 shares of the common stock of CYBERTEK, representing approximately 85.9 percent of the outstanding common stock on a fully diluted basis, have been tendered pursuant to the offer.
 PMSC is a leading provider of automation and information solutions to the insurance industry worldwide. CYBERTEK provides software and processing solutions primarily to the life insurance marketplace in the United States.
 PMSC is traded on the New York Stock Exchange under the symbol PMS. CYBERTEK is traded on the NASDAQ National Market System under the symbol CKCP.
 -0- 7/26/93
 /CONTACT: David R. Bankhead of CYBERTEK Corporation, 214-637-1540/
 (CKCP PMS)


CO: CYBERTEK Corporation; Policy Management Systems Corporation ST: Texas, South Carolina IN: SU:

MG -- NY038 -- 5655 07/26/93 11:30 EDT
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Publication:PR Newswire
Date:Jul 26, 1993
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