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CYCOMM AND INELECTRA AGREE ON JOINT CONTROL OF GALACTICA

 ALBERTA, Canada, Sept. 27 /PRNewswire/ -- Cycomm International Inc. (AMEX: CYL; Alberta) today announced that it has agreed with Inelectra S.A. of Venezuela to jointly control Galactica Telecom C.A. The companies entered into a memorandum of understanding which incorporates the major points of a shareholders agreement for the control of Galactica.
 The commitment by both companies is to build Galactica as the premier systems integrator of telecommunications services for the national telecommunications carrier CANTV and simultaneously expand throughout Latin America.
 Inelectra S.A. is the largest engineering company in Venezuela and has been responsible for the construction and servicing of the major petroleum facilities within the country. Inelectra's revenues for the year ended May 31, 1993, were US$155 million.
 Cycomm International Inc. and its subsidiaries develop and market unique telecommunication products for the prevention of toll fraud and interception of voice and data communications. These products are based on proprietary signal processing and encryption technologies. Cycomm's main facilities are located in Portland, Ore.; Fairfax, Va. and Vancouver, Canada.
 -0- 9/27/93
 /CONTACT: Isaac Moss, director-investor relations of Cycomm International, 604-684-7200, or Thomas Redington of Redington Inc., 203-222-7399/
 (CYL)


CO: Cycomm International Inc.; Galactica Telecom C.A.; Inelectra S.A. ST: Oregon, Virginia, Alberta, Vancouver IN: TLS SU: JVN

WB-TS -- NY029 -- 5847 09/27/93 10:13 EDT
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Publication:PR Newswire
Date:Sep 27, 1993
Words:220
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