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HALIFAX CORPORATION CONCLUDES PURCHASE OF SERVICE DIVISION OF ELECTRONICS ASSOCIATES, INC.

 ALEXANDRIA, Va., July 1 /PRNewswire/ -- Halifax Corporation (AMEX: HX) today announced it had concluded the purchase of the Service Division of Electronics Associates, Inc. (NYSE: EA) on terms and conditions previously disclosed. Future operations of this unit will be carried out on an interim basis under the name of EAI Services, a division of Halifax Corporation.
 As previously reported, the division is expected to generate annual revenues over $16 million and will play an important role in Halifax's continued expansion of its nationwide electronics services business.
 Halifax is an electronics services and facilities support company for government and industry.
 -0- 7/1/93
 /CONTACT: Richard J. Smithson of Halifax Corporation, 703-750-2202/
 (HX EA)


CO: Halifax Corporation; Service Division of Electronics Associates,
 Inc. ST: Virginia IN: CPR SU:


IH-DC -- DC035 -- 5698 07/01/93 14:40 EDT
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Publication:PR Newswire
Date:Jul 1, 1993
Words:136
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