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MEMBERS SERVICE CORPORATION ANNOUNCES THE COMPLETION AND SIGNING OF AN INVESTMENT BANKING AGREEMENT

 WINTER PARK, Fla., Nov. 23 ~PRNewswire~ -- Arthur S. Feher Jr., chairman and CEO of Members Service Corporation (NASDAQ: MSCX; BSE MSC.B), announced today the completion and signing of an investment banking agreement on Friday, Nov. 20, with the investment banking affiliate of Donald & Company Securities Inc. of New York.
 Mr. Feher was quoted as saying that the agreement calls for "additional capital and a comprehensive merger and acquisition program" for the company. He also stated that the company is now taking appropriate steps to structure itself for future growth over the next 12 months.
 -0- 11~23~92
 ~CONTACT: Arthur S. Feher Jr., chairman and CEO of Members, 407-647-6600; or George Behling (investment banker contact) of Donald & Company Securities, 212-754-2444~
 (MSCX)


CO: Members Service Corporation; Donald & Company Securities Inc. ST: Florida IN: SU: FNC

GK-OS -- NY015 -- 0322 11~23~92 09:40 EST
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Publication:PR Newswire
Date:Nov 23, 1992
Words:144
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