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PSC INC. AND ITI ANNOUNCE LETTER OF INTENT

 ROCHESTER, N.Y., Oct. 1 /PRNewswire/ -- PSC Inc. (NASDAQ-NMS: PSCX) today announced it has executed a letter of intent to sell A.D. Data, and its switching systems business to Information Transfer, Inc. (ITI), a closely held corporation located in Bloomfield, N.Y., which is a part of the greater Rochester area. ITI is a leading producer of matrix switching systems for voice and data communications.
 L. Michael Hone, chairman and chief executive officer of PSC stated, "The sale of the A.D. Data business is a continuation of our strategy to focus the company's expertise and resources on laser-based scanning products for the bar code industry. This is another step to help us concentrate on what we do best and most profitably. We are very pleased with ITI's plans to grow the A.D. Data business and retain jobs within the Rochester area."
 "The consolidation of these two companies at our Bloomfield facility has been one of our goals for several years," said David Hessler, president of ITI. "This is truly a win-win situation for everyone involved -- ITI gets complementary products to serve a broader marketplace, while A.D. Data becomes part of a company totally focused on communication switching."
 ITI is a pioneer in the matrix switching business, having been founded in Ontario County in 1972. The company has provided custom switching products to all branches of the D.O.D., NASA and a full range of commercial customers.
 The agreement in principle is subject to the execution of a definitive agreement. The transaction is expected to be closed by year- end 1993.
 PSC is a leading manufacturer of laser scanners, interface modules, quality control instruments and film masters for bar code data collection systems. PSC is located in the Rochester area.
 -0- 10/1/93
 /CONTACT: L. Michael Hone, chairman and chief executive officer, or William E. Hollis, vice president finance and treasurer, 716-265-1600, both of PSC; David V. Hessler, president and chief executive officer of Information Transfer, Inc., 716-657-7074/
 (PSCX)


CO: PSC Inc.; Information Transfer, Inc.; A.D. Data ST: New York IN: CPR SU: TNM

LG-OS -- NY033 -- 7729 10/01/93 10:57 EDT
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Publication:PR Newswire
Date:Oct 1, 1993
Words:359
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