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TELEMATICS INTERNATIONAL ANNOUNCES THREATENED LAWSUIT

 TELEMATICS INTERNATIONAL ANNOUNCES THREATENED LAWSUIT
 FORT LAUDERDALE, Fla., Jan. 8 /PRNewswire/ -- Telematics International, Inc. (NASDAQ: TMAX), announced today that its former chief legal officer, who resigned in May 1990, has threatened legal action for payment of legal fees for representing himself in connection with a pending private SEC investigation. The SEC investigation relates to the previously announced restatement of the company's financial results for the 1987, 1988 and 1989 periods.
 If such an action is commenced, the company intends to seek declaratory relief that it is not obligated to make such payments under the Delaware Code or its Certificate of Incorporation.
 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- 1/8/92
 /CONTACT: Miriam K. Frazer, chief financial officer and corporate secretary of Telematics International, Inc. 305-772-3070/
 (TMAX) CO: Telematics International, Inc. ST: Florida IN: CPR SU:


SS-AW -- FL012 -- 7937 01/08/92 16:22 EST
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Publication:PR Newswire
Date:Jan 8, 1992
Words:215
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