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EVERGREEN OBTAINS LOANS

 MCLEAN, Va., April 8 /PRNewswire/ -- Evergreen Information Technologies, Inc. (NASDAQ: EVRG) today announced that it has received loans of $300,000 to cover salaries and other working capital requirements to continue its operations in the near term.
 The company had previously announced that it had nearly exhausted cash reserves and required additional funding in order to complete development of PowerTree, an online database containing nearly all the information needed to either buy for the federal government or to make for or sell to the federal government. The $300,000 loans will not enable the company to complete development of PowerTree.
 The company also announced that, effective April 6, it has been delisted for trading on the Pacific Stock Exchange. It is the company's intent to apply for reinstatement.
 -0- 4/8/93
 /NOTE: PowerTree is a trademark./
 /CONTACT: Marg Donnelly of Evergreen Information Technologies, 703-556-6200, or fax, 703-556-6210/
 (EVRG)


CO: Evergreen Information Technologies, Inc. ST: Virginia IN: CPR SU:

DC-TW -- DC007 -- 4140 04/08/93 10:09 EDT
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Publication:PR Newswire
Date:Apr 8, 1993
Words:168
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