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INTELLICALL ANNOUNCES AGREEMENT WITH BANK LENDERS

 INTELLICALL ANNOUNCES AGREEMENT WITH BANK LENDERS
 DALLAS, April 16 /PRNewswire/ -- Intellicall, Inc. (NYSE: ICL)


announced today that it had signed an agreement with its bank lenders pursuant to which the banks agreed, subject to various conditions, to forbear from taking any action regarding pending loan convenant defaults through April 30, 1992. The company is continuing its discussions with the banks regarding eliminating the loan covenant defaults and amending the loan agreement to provide for mutually acceptable terms and conditions.
 Intellicall, Inc. is a diversified telecommunications company providing innovative technology and services to private pay telephone networks throughout the United States, and is the nation's leading manufacturer of privately owned pay telephones, automated operator systems and call processing systems. Company stock is traded on the New York Stock Exchange under the symbol "ICL" and is listed in alphabetical quotations as "Intellicall" or "Intelcal."
 -0- 4/16/92
 /CONTACT: Jody Kendrick or Larry Meltzer of Meltzer & Martin Public Relations, 214-953-0808, for Intellicall/
 (ICL) CO: Intellicall Inc. ST: Texas IN: TLS SU: FNC


KD -- NY022 -- 9145 04/16/92 09:51 EDT
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Publication:PR Newswire
Date:Apr 16, 1992
Words:179
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