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TIE/COMMUNICATIONS ESTABLISHES NEW SUBSIDIARY TO OFFER CUSTOMERS COMPETITIVE LEASE AND RENTAL PRODUCTS

 SEYMOUR, Conn., March 8 /PRNewswire/ -- TIE/communications, Inc. (AMEX: TIE), a major North American supplier of business communications systems, services and software has established a new subsidiary, TIE National Leasing (TNL) that will provide financing to the 68 TIE Systems, Inc. sales offices throughout the United States and Canada.
 "TIE's customers will benefit through the ease of one-stop shopping," stated TIE's President and CEO, George N. Benjamin, III, "and leases and rentals will enable our customers to preserve their own capital. TNL's unique rental product includes maintenance of the term of the transaction and fixed add-on pricing at competitive rates co- terminus to the original rental term. TNL's lease products can be tailored to meet the customers' specific financial and future replacement needs."
 Mark Amatrudo, TIE's chief financial officer, emphasized TNL's importance, "The primary goal of TNL is to support the TIE sales effort by offering competitive lease and rental financing products, along with timely credit approvals and easy-to-use documents. TNL provides another arrow in our sales quiver and differentiates TIE from its competitors. TNL's low rates and excellent service give our sales reps and unmistakable edge."
 TIE/communications, Inc. has an installed base of 11 million telephones, making it one of the largest communications organizations in North America. TIE's shares are traded on the American Stock Exchange. TIE/communications Canada Limited, a 63 percent owned subsidiary, is based in Markham, Ontario and its shares are traded on the Toronto and Montreal Stock Exchanges.
 TIE is a member of The Marmon Group of companies, an international association of more than 60 autonomous manufacturing and service companies with annual sales of nearly $4 billion.
 -0- 3/8/93
 /CONTACT: George N. Benjamin, III, 203-888-8001, or Mark D. Amatrudo, 203-888-8004, both of TIE/communications, Inc./
 (TIE)


CO: TIE/communications, Inc. ST: Connecticut IN: TLS SU:

SH-TS -- NY016 -- 8364 03/08/93 08:53 EST
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Publication:PR Newswire
Date:Mar 8, 1993
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