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POLYPHASE ANNOUNCES CREDIT LINE

 POLYPHASE ANNOUNCES CREDIT LINE
 FT. WASHINGTON, Pa., April 9 /PRNewswire/ -- Polyphase Corporation


(AMEX: PLY) announced today it had recently completed arrangements for a $500,000 credit line with Continental Bank, of Glenside, Pa.
 Paul Stevens, president, said, "We are gratified that Continental Bank expressed its confidence in the company by opening the credit line and that the terms of Continental's line were more favorable to the company than the terms of asset-based loans that the company had explored with other institutional lenders."
 /delval/
 -0- 4/9/92
 /CONTACT: Paul Stevens, president of Polyphase, 215-643-6950/
 (PLY) CO: Polyphase Corporation ST: Pennsylvania IN: SU:


MK-LJ -- PH016 -- 6708 04/09/92 10:57 EDT
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Publication:PR Newswire
Date:Apr 9, 1992
Words:111
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