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FONIC JOINT VENTURE PAGING SYSTEM CONTRACT MOVING RAPIDLY TO COMPLETION

 NEW YORK, Feb. 19 /PRNewswire/ -- Fonic, Inc., (NASDAQ: FONCF) today reported rapid progress on its joint venture contract with the Jinan City government to jointly set up and operate a paging system for an 18-year term. The paging system, supplied by Spectrum Ericsson USA, has already been delivered to Hong Kong and is in transit to Jinan. Fonic expects the system to be installed and operational by the end of March 1993.
 Fonic intends to purchase 5,000 paging receivers in March 1993 from Phillips Hong Kong, Ltd., at a cost of $825,000 for use when the system becomes operational. After this initial purchase, Fonic plans to order up to 45,000 additional paging receivers.
 Jinan City has a population of 5.2 million and the paging system will be expanded to cover the entire Shandong Province which has a population of 80 million.
 Fonic, Inc. through its subsidiaries, is engaged in the design, development, manufacture, assembly and marketing of consumer audio and video products, including stereo radio double cassette recorders, citizen band and multiband radios, mini music systems, Hi-Fi systems, amplifiers, video cassette players and recorders, and television sets. Telecommunications products sold, engineered or manufactured by the company include "TACS" system cellular phone and exchange switches, portable telephone sets and paging receivers.
 -0- 2/19/93
 /CONTACT: Sam Witchel of Scharff, Witchel & Co., 212-983-1060, for Fonic/
 (FONCF)


CO: Fonic, Inc. ST: New York IN: CPR SU: JVN

GK-OS -- NY046 -- 8448 02/19/93 14:16 EST
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Publication:PR Newswire
Date:Feb 19, 1993
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