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PERCEPTRONICS RECEIVES MORATORIUM ON DEBENTURE PAYMENT

 PERCEPTRONICS RECEIVES MORATORIUM ON DEBENTURE PAYMENT
 WOODLAND HILLS, Calif., Nov. 2 /PRNewswire/ -- Perceptronics Inc. (NASDAQ: PERC) announced today that the holders of its convertible subordinated debentures have agreed to a moratorium deferring the due date from Nov. 2, 1992, to Nov. 9, 1992, of a required $1.7 million annual sinking fund payment.
 "We are in good-faith negotiations with our debenture holders through the assistance of our financial adviser, Seidler Amdec Securities Inc., to restructure our long-term debt obligation so that our immediate resources can be applied toward working capital and furthering the commercialization of our promising concurrent engineering software," said Dr. Gershon Weltman, Perceptronics' chief executive officer.
 The company previously announced that it expects to report a substantial loss for the second fiscal quarter ended Sept. 30, 1992, as well as the full year. Perceptronics' current long-term debt consists of $8.3 million in convertible subordinated debentures that bear interest at the rate of 8.125 percent a year and are due in 1996. The company made its initial sinking fund payment of $1.7 million on Nov. 1, 1991, and is current on all its interest payments.
 Perceptronics is engaged in research and development and in the manufacture and marketing of computer-based simulation software and systems for commercial and military training and decision support.
 -0- 11/2/92
 /CONTACT: Dr. Gershon Weltman, CEO of Perceptronics, 818-884-7470; or Cecilia A. Wilkinson or Kim P. Feazle of Pondel Parsons & Wilkinson, 310-207-9300, for Perceptronics/
 (PERC) CO: Perceptronics Inc. ST: California IN: CPR SU:


KJ-BP -- LA018 -- 1681 11/02/92 14:34 EST
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Publication:PR Newswire
Date:Nov 2, 1992
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