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ESQUIRE COMMUNICATIONS CONCLUDES AGREEMENT TO ACQUIRE DAVID FELDMAN & ASSOCIATES

 NEW YORK, Sept. 30 /PRNewswire/ -- Esquire Communications Ltd. (NASDAQ: ESQS) a leading provider of court reporting services and speech recognition systems, has concluded an agreement to acquire David Feldman & Associates (USA) Ltd. (DFA), a rapidly growing New York-based court reporting firm, for stock, cash and notes.
 Malcolm Elvey, chairman and chief executive officer, announced today that David Feldman has been appointed president and chief operating officer of Esquire Communications Ltd.
 Mr. Elvey said: "DFA's revenues totaled approximately $4.3 million in the year ended June 1993; this is tantamount to a combined revenue run rate approaching $10.0 million. The acquisition is expected to boost profits significantly since DFA's headquarters are within walking distance of Esquire's Manhattan base."
 "Esquire completed its initial public offering in May 1993 for the express purpose of seeking acquisition opportunities exactly like DFA, whose refined marketing skills will mesh ideally with Esquire's administrative and operational strengths. During his 34 years of experience, David Feldman has built a substantial customer base comparable to Esquire's among the country's leading law firms. This combination will greatly strengthen Esquire's position from the financial, technological and marketing viewpoints making it the leading court reporting firm on the East Coast."
 -0- 9/30/93
 /CONTACT: Malcolm Elvey of Esquire Communications Ltd., 212-687-8010/
 (ESQS)


CO: Esquire Communications Ltd.; David Feldman & Associates ST: New York IN: SU: TNM

WB-LD -- NY111 -- 7501 09/30/93 17:10 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
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