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PROPOSED ACQUISITION OF TALX CORP. BY SYNTELLECT CANCELED

 PHOENIX, Oct. 20 /PRNewswire/ -- Syntellect Inc. (NASDAQ: SYNL) and TALX Corp. announced today that they have mutually decided to cancel the proposed acquisition of TALX by Syntellect. The two firms announced on Oct. 6, 1993, the signing of a letter of intent which contemplated that Syntellect would acquire TALX through a stock transaction on or about Dec. 31, 1993. The companies cited their desire to remain focused on their core businesses as the reason for the cancellation of the proposed transaction.
 "Syntellect viewed the acquisition of TALX as a potential element in our long-term growth plan," said Thomas R. Mayer, Syntellect's chief executive officer. "However, in light of our lower than expected revenues for the third quarter, we decided that in the near term, we should focus our resources on increasing earnings and revenues generally and particularly on increasing the domestic sales levels of Syntellect's new VocalPoint and ApplicationWorks products and maximizing our international sales opportunities."
 Syntellect Inc., founded in 1984, is a worldwide company that develops, markets and supports a family of network voice processing systems. Network voice processing includes call processing, the technology that provides a high degree of automation and control of inbound telephone calls. Syntellect develops, markets and supports VocalPoint PC-based voice processing systems, the Premier 030 family of interactive voice response systems and the Dytel Call Center Gateway call processor. The company has shipped more than 8,600 systems to more than 850 customers in major corporations worldwide.
 -0- 10/20/93
 /CONTACT: Daniel J. Predovic or E. Evon Theis, of Syntellect, 602-789-2711/
 (SYNL)


CO: Syntellect Inc.; TALX Corp. ST: Arizona IN: TLS CPR SU: TNM

JL-LM -- LA022 -- 4354 10/20/93 08:03 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
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