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TJ SYSTEMS ANNOUNCES FIRST DIVIDEND IN COMPANY HISTORY; PREFERRED SHAREHOLDERS TO RECEIVE 25 CENTS PER SHARE

 HAUPPAUGE, N.Y., Sept. 7 /PRNewswire/ -- TJ Systems Corporation (NASDAQ: TJSY) today announced that the board of directors approved the first quarterly dividend in the company's thirteen year history. The dividend will be payable to the Series A preferred shareholders.
 This dividend, to be regularly paid by the company on a quarterly basis, is the first dividend to be paid on the preferred stock that was issued in August 1993. The preferred stock dividend is payable Sept. 30 to stockholders of record Sept. 15. The offering, which raised $3.2 million, was managed by Paulson Investment Company. The Series A preferred stock, which trades under the symbol TJSYP, pays dividends at an annual rate of $1 per share.
 Theodore J. Orlando, chairman and CEO, states, "This announcement marks the first dividend in the company's history, and comes on the heels of new lease agreements that total over $6 million."
 TJ Systems Corporation, through its wholly owned subsidiary TJ Computer Services, Inc., is engaged primarily in the leasing of a wide variety of computer and telecommunications equipment it owns to large corporations which have extensive information and teleprocessing needs, including: General Electric, The Hertz Corporation, Tiffany & Co., Bed Bath & Beyond and Grumman Aerospace.
 -0- 9/7/93
 /CONTACT: Theodore J. Orlando, chairman and CEO of TJ Systems, 516-273-9130; or Anthony J. DiMaio, investor relations of Anthem Communications, 212-943-8998/
 (TJSY)


CO: TJ Systems Corporation ST: New York IN: CPR SU: DIV

TS-WB -- NY045 -- 9323 09/07/93 12:21 EDT
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Publication:PR Newswire
Date:Sep 7, 1993
Words:248
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