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THRIFTY TEL INC. ENTERS INVESTMENT BANKING AGREEMENT WITH CRUTTENDEN & CO.

 THRIFTY TEL INC. ENTERS INVESTMENT BANKING AGREEMENT
 WITH CRUTTENDEN & CO.
 LOS ANGELES, Nov. 13 /PRNewswire/ -- Thrifty Tel Inc. (OTC: THRF) a long distance telephone company, today announced that it has retained Cruttenden & Co. to provide investment banking and related financial services. The term of the agreement is for 90 days, and thereafter until terminated by either party. Although the terms of any specific future financing are not discussed in the agreement, it is anticipated that any such financing will be limited to the institutional markets.
 Thrifty Tel Inc. is a long distance telephone service company headquartered in Garden Grove, Calif., with additional sales and marketing facilities located in Los Angeles, Orange, San Bernardino and San Diego counties, Calif. The company offers digital fiber optic quality service at extremely competitive rates and is certified by the California Public Utilities Commission. Thrifty seeks to grow through aggressive marketing in its existing service area and acquisitions.
 -0- 11/13/92
 /CONTACT: Rebecca J. Bigley of Thrifty Tel, 714-740-2880/
 (THRF) CO: Thrifty Tel Inc.; Cruttenden & Co. ST: California IN: TLS SU: CON


KJ-JL -- LA001 -- 0554 11/13/92 09:18 EST
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Publication:PR Newswire
Date:Nov 13, 1992
Words:187
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