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SHARED TECHNOLOGIES INC. TO ACQUIRE TELECOMMUNICATIONS OPERATIONS AT NEW ORLEANS' PRESTIGIOUS LL&E TOWER BUILDING

 SHARED TECHNOLOGIES INC. TO ACQUIRE TELECOMMUNICATIONS
 OPERATIONS AT NEW ORLEANS' PRESTIGIOUS LL&E TOWER BUILDING
 NEW ORLEANS, Oct. 30 /PRNewswire/ -- Shared Technologies Inc. (STI) (NASDAQ: STCHD)(a) a nationwide leader in the Shared Tenant Services (STS) industry, announced today that it has acquired the STS/voice and data communications operations at LL&E Tower. This 36-story, mahogany- colored, granite structure is located in the heart of New Orleans' business district and encompasses approximately 545,150 square feet of rentable office space.
 "STI's acquisition of LL&E's telecommunications business is very important for three reasons," said James Rivette, senior vice president of STI. "First, it signals STI's successful and profitable financial restructuring. Second, it is the first step in our long-term expansion program. And third, it increases our New Orleans operations to four Class A properties."
 Starting Monday, STI will provide the convenience of one-stop shopping for all LL&E tenants' telecommunications and office automation needs with the added bonus of an on-site staff to respond quickly to customer requests. STI's services include local and discount long- distance telephone services, 800 service and calling cards, voice mail, personal computers, LANs and WANs, facsimile and copier sales, cellular telephone rentals and wiring, installation and training for these products and services.
 STI now provides shared tenant services in 60 buildings and convention centers in 13 metropolitan cities, with regional offices in New Orleans, Seattle, Los Angeles, Phoenix, Chicago, Hartford, New York, Boston, New Jersey, Atlanta, Birmingham, Memphis and Nashville.
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 NOTE TO EDITORS: NASDAO Ticker Symbol STCHD (temporary); New Ticker Symbol as of Nov. 2, 1992 - STCH
 -0- 10/30/92
 /CONTACT: James Rivette, STI senior vice president, 203-258-2445/
 (STCHD) CO: Shared Technologies, Inc. ST: Louisiana, Connecticut IN: TLS SU:


CH -- NE007 -- 7112 10/30/92 12:32 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 30, 1992
Words:295
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