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PHOENIX NETWORK TO MOVE TO AMERICAN STOCK EXCHANGE ON OCT. 5

 SAN FRANCISCO, Oct. 4 /PRNewswire/ -- Phoenix Network (NASDAQ: PHXN) announced today that its shares of common stock will begin trading on the American Stock Exchange as of Tuesday, Oct. 5, 1993, under the symbol PHX. Phoenix's shares have been listed on NASDAQ for the past three years.
 Thomas H. Bell, chairman, stated, "For the past year, management has been exploring its alternatives. We have concluded that the specialist system as offered by the American Stock Exchange best suits our investors. Consequently, Phoenix Network is pleased to announce that we have entered into an agreement with the American Stock Exchange to list the company's shares as of Oct. 5, 1993."
 "We believe that the American Stock Exchange offers our investors greater liquidity and smaller trade-to-trade price variations," Bell continued. "And as the telecommunications industry as a whole, and Phoenix Network in particular, continue to grow, the stability of the American Stock Exchange should serve our investors well."
 San Francisco-based Phoenix Network is the nation's largest publicly traded nonfacilities-based reseller of long distance telecommunication services. Phoenix purchases bulk long distance services, then provides these services to smaller users at rates up to 35 percent below the major carriers. Phoenix's many value-added products include flat-rate billing, conference calling, travel cards, 800 numbers and management reports tailored to specific customer needs. For two consecutive years, Inc. Magazine has ranked Phoenix Network as one of the 100 fastest- growing, small, public companies in the nation.
 -0- 10/4/93
 /CONTACT: Julie Reynolds, director of investor relations, Phoenix Network, 415-981-3000; or Robert Fuchs, executive vice president, Sunrise Financial Group, 212-421-1616, for Phoenix Network/
 (PHXN)


CO: Phoenix Network ST: California IN: TLS SU:

PK-SG -- SF013 -- 8510 10/04/93 16:18 EDT
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Publication:PR Newswire
Date:Oct 4, 1993
Words:285
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