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DANKA FINALIZES ACQUISITION OF OMNIFAX

 ST. PETERSBURG, Fla., Sept. 20 /PRNewswire/ -- Danka Business Systems PLC (NASDAQ: DANKY), announced today that it has finalized the acquisition of substantially all of the assets of Telautograph Corporation's Omnifax facsimile equipment business ("Omnifax"). Omnifax is one of the largest independent retail and wholesale suppliers of facsimile equipment and related service, parts and supplies in the United States and had revenue of approximately $69 million in its most recent fiscal year. Headquartered in Los Angeles, Omnifax sells its trademarked Omnifax brand name facsimile equipment primarily to business and institutional customers from 51 branch offices throughout the United States and Canada.
 Additionally, Danka announced that it had finalized an increase of its credit facility with its primary lenders from $53 million to $78 million. A portion of the credit facility was used to finance the Omnifax acquisition.
 -0- 9/20/93
 /CONTACT: William T. Freeman, 813-576-6003, or Paul G. Dumond, 011-44-71-935-4650, both of Danka Business Systems/
 (DANKY)


CO: Danka Business Systems; Omnifax; Telautograph Corporation ST: Florida, California IN: SU: TNM

JB-PC -- FL008 -- 3722 09/20/93 13:37 EDT
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Publication:PR Newswire
Date:Sep 20, 1993
Words:178
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