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SYNERCOM ANNOUNCES SIGNING OF LETTER OF INTENT

 HOUSTON, May 24 /PRNewswire/ -- Synercom Technology, Inc. (NASDAQ: SYNR) announced today that a letter of intent has been signed to purchase the assets and assume certain liabilities of a wholly owned subsidiary of an undisclosed public company for $5.25 million in cash.
 The transaction is subject to due diligence, and the negotiation and execution of a definitive purchase agreement, which the parties hope to sign in early July. It is expected that the transaction will close by August 1, 1993.
 The business to be acquired is involved in the manufacture and sale of metal components to a wide range of industries.
 Synercom provides foundation technologies for spatial solutions that manage geographically dispersed assets and related information for major utilities and municipalities worldwide. By creating client-unique applications and integrating them with these foundation technologies, Synercom increases the efficiency, accuracy and cost-effectiveness of client activities that utilize spatial information. Synercom common stock is traded on the NASDAQ National Market System under the symbol SYNR.
 -0- 5/24/93
 /CONTACT: Warren G. Lichtenstein, member of the board of directors of Synercom Technology, Inc., 212-446-5217/
 (SYNR)


CO: Synercom Technology, Inc. ST: Texas IN: SU:

TM -- NY093 -- 1889 05/24/93 17:38 EDT
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Publication:PR Newswire
Date:May 24, 1993
Words:200
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