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DATA SWITCH ENTERS INTO CREDIT AGREEMENT WITH PEOPLE'S BANK

 SHELTON, Conn., March 15 /PRNewswire/ -- Data Switch Corporation (NASDAQ-NMS: DASW) today announced a new $8 million revolving line of credit with People's Bank (NASDAQ-NMS: PBCT) of Bridgeport, Conn., that replaces its previous credit facility with Manufacturers Hanover Trust Company and Marine Midland Bank. The company's previous financing arrangement was due to expire on March 13. The new loan matures on March 1, 1996.
 Commenting on the new financing agreement, Data Switch President and Chief Executive Officer J. Roger Moody said: "We look forward to our growing relationship with one of Connecticut's most successful financial institutions."
 Louis H. Ulizio Jr., executive vice president of People's Bank, responded: "We're proud to be able to support the financial requirements of a local high-technology business. Such businesses are key to strengthening the state's economy."
 -0- 3/15/93
 /CONTACT: Linda L. Bachmann, director - corporate communications of Data Switch, 203-926-1801/
 (DASW PBCT)


CO: Data Switch Corporation; People's Bank ST: Connecticut IN: SU:

GK-LR -- NY015 -- 5908 03/15/93 09:30 EST
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Publication:PR Newswire
Date:Mar 15, 1993
Words:166
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