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MARLTON TECHNOLOGIES ISSUES ANNOUNCEMENT

 PHILADELPHIA, Jan. 13 /PRNewswire/ -- On Nov. 16, 1992, Marlton Technologies, Inc. (AMEX: MTY) reported that in connection with Marlton's reorganization in January 1988, TeleSciences CO Systems, Inc. was sold in exchange for approximately $4,200,000 in cash, plus a $1,351,620 subordinated note due Jan. 13, 1993.
 In the August 1990 acquisition of Sparks Exhibits, Marlton assigned part of this note to the sellers, and guaranteed TeleScience's payment of $556,750 to the sellers on Jan. 13, 1993. On Nov. 13, 1992, Marlton was informed by TeleSciences that it had incurred substantial losses in its fiscal year ended June 30, 1992, that it was in the process of renegotiating its bank financing and that TeleSciences desired to defer the Jan. 13, 1993, payment until Jan. 13, 1994.
 Subsequent to Nov. 16, Marlton negotiated with TeleSciences to have the notes paid in full on a timely basis or to provide additional security for payment of the notes if deferred. Because of the subordinated and unsecured position of these notes, TeleSciences would not agree to either of these alternatives. Marlton also contacted a representative of outside investors in TeleSciences to discuss alternatives other than commencement of litigation and/or bankruptcy proceedings. As a result of these discussions, a group of TeleSciences investors agreed to purchase the full $1,351,620 of subordinated notes (i.e., including the notes previously assigned by Marlton but still guaranteed by Marlton) for an immediate cash payment of $1,051,620 paid to Marlton on Jan. 13, 1993. $556,750 of such amount will be paid by Marlton to the sellers of Sparks Exhibits, and the remaining $494,870 will be retained by Marlton. Receipt of these proceeds on a discounted basis alleviates the need for Marlton to use $556,750 of its own or borrowed funds to pay the Sparks Exhibits sellers, provides Marlton with $494,870 of additional funds for working capital and potential acquisitions, and eliminates the significant risks and delays of collection efforts, especially in view of TeleSciences' uncertain financial future and the subordinated, unsecured position of the notes.
 /delval/
 -0- 1/13/93
 /CONTACT: Alan I. Goldberg, director of acquisitions of Marlton Technologies, 215-664-6900/
 (MTY)


CO: Marlton Technologies, Inc.; TeleSciences CO Systems, Inc. ST: Pennsylvania IN: SU:

CC -- PH032 -- 4625 01/13/93 18:04 EST
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Date:Jan 13, 1993
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