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TELEMATICS INTERNATIONAL ANNOUNCES TERMINATION OF MERGER DISCUSSIONS

TELEMATICS INTERNATIONAL ANNOUNCES TERMINATION OF MERGER DISCUSSIONS
 FORT LAUDERDALE, Fla., Jan. 14 /PRNewswire/ -- Telematics International, Inc. (NASDAQ: TMAX), announced today that negotiations with Harris Adacom Corporation, a private company based in Dallas, regarding a possible merger of the two companies have been terminated.
 Telematics had previously announced that it was engaged in negotiations with Harris Adacom with respect to a possible merger in which Telematics would issue approximately 23.1 million shares of its common stock for all of Harris Adacom's capital stock and vested stock options.
 Founded in 1982, Telematics designs, manufactures, sells and supports a complete line of wide area networking products designed specifically for voice and data communications applications and networks. The company's products include a full range of programmable packet switching systems, access communications processors, T1/E1 networking multiplexers and frame relay switches. Telematics has approximately 380 employees worldwide. Headquartered in Fort Lauderdale, Fla., Telematics also has facilities in 7 domestic locations and Basingstoke, England; Paris, and Frankfurt, Germany.
 -0- 1/14/92
 /CONTACT: Miriam K. Frazer, chief financial officer and corporate secretary of Telematics International, 305-772-3070/
 (TMAX) CO: Telematics International, Inc.; Harris Adacom Corporation ST: Florida, Texas IN: CPR SU: TNM


SS-AW -- FL016 -- 9695 01/14/92 16:18 EST
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Publication:PR Newswire
Date:Jan 14, 1992
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