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TECHNOLOGY INTERNATIONAL, LTD. ANNOUNCES ACQUISITIONS, FINANCING PACT AND MANAGEMENT CHANGES IN DIS SUBSIDIARY

 FORT LAUDERDALE, Fla., Jan. 12 PRNewswire/ -- Technology International, Ltd. (NASDAQ: TCLG), an Albuquerque, N.M.-based company, announced that in a few days, it will be closing on the purchase of its regional headquarters building in Fort Lauderdale, Fla., in a deal valued at approximately $3 million consisting of $2 million in assumed debt and $1 million in convertible preferred stock. The company also revealed that it expects to close the acquisition of a medical management company based in Miami for $3 million in stock.
 In its New Mexico operations, the company announced that the Data Imaging Services venture had been restructured. In an agreement signed this week, the company will obtain services from Parcomm Consulting, and financing from Partech Leasing, both subsidiaries of Partech Holdings, Inc., based in Ohio.
 Neil Garfield said that Richard Jensen has been appointed DIS vice president of operations. Jensen, and his company Turnkey Microcomputers, had been the engine driving the DIS venture. Garfield stated that with Jensen's direct involvement and with the Partech agreements, DIS is positioned to accept several large contracts which have been kept in the discussion stage and that several marketing initiatives planned by the company can now be tested.
 -0- 1/12/93
 /CONTACT: Lawanda Robinson of Technology International, 305-730-7070/
 (TCLG)


CO: Technology International ST: Florida IN: SU: TNM

SS-JB -- FL013 -- 4198 01/12/93 16:56 EST
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Publication:PR Newswire
Date:Jan 12, 1993
Words:228
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