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TEE-COMM SECURES NEW BANK FINANCING

 MILTON, Ontario, July 8 /PRNewswire/ -- Al Bahnman, president and CEO of Tee-Comm Electronics Inc. (AMEX: TEN), announced today that Tee-Comm has secured a new $24.5 million line of credit with the Bank of Montreal.
 The new financing will allow Tee-Comm to further expand the subscriber base of its TCI Home Entertainment division from the current total of over 18,000 customers.
 TCI is Canada's largest supplier of satellite television programming to the 1.3 million homes not served by cable, and recently announced the planned launch of a new Canadian DBS service which will provide up to 150 channels of television on a 24" dish.
 -0- 7/8/93
 /CONTACT: Stephen Litwin, 514-333-3400 or Robert Kavelman, 416-878-8181, both for Tee-Comm Electronics, Inc.
 (TEN)


CO: Tee-Comm Electronics Inc. ST: Ontario IN: TLS SU: FNC

TS -- NY054 -- 9503 07/08/93 12:34 EDT
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Publication:PR Newswire
Date:Jul 8, 1993
Words:143
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