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MTI SIGNS $1.13 MILLION LICENSE AGREEMENT WITH EAB BANK

 MTI SIGNS $1.13 MILLION LICENSE AGREEMENT WITH EAB BANK
 NEW YORK, Dec. 4 /PRNewswire/ -- Management Technologies, Inc. (MTI) (NASDAQ: MTCI) announced today that it has licensed its ManTec Wholesale Banking system to European American Bank for $1.135 million. EAB is a subsidiary of ABN-AMRO, created in the merger of the two giant Dutch banks earlier this year. ABN bank has used ManTec for its wholesale international banking operations since 1980 and now runs all its branches around the United States from its ManTec system in New York. Since the ABN-AMRO merger, the combined wholesale operations of the two international banks have been running on ManTec.
 -0- 12/4/91
 /CONTACT: Tom Groenfeldt of Management Technologies, 212-239-8224/
 (MTCI) CO: Management Technologies, Inc.; European American Bank ST: New York IN: CPR SU: LIC


KD-JT -- NY002 -- 9020 12/04/91 08:30 EST
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Publication:PR Newswire
Date:Dec 4, 1991
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