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TJ SYSTEMS ANNOUNCES LARGE LEASE AGREEMENT WITH TROLL ASSOCIATES -- EQUIPMENT LEASE EXCEEDS $1.1 MILLION --

 HAUPPAUGE, N.Y., Aug. 24 /PRNewswire/ -- TJ Systems Corporation (NASDAQ: TJSY) announced the signing of a major equipment lease agreement with Troll Associates. This lease, valued at over $1.1 million, includes the largest RISC/6000 system manufactured by IBM. The system is be used in a variety of financial functions. Troll Associates, located in Mahwah, N.J., publishes over 1,200 children's book titles, magazines and other educational materials, many of which feature troll figures.
 The lease agreement with Troll Associates represents the second major agreement signed by TJ Systems this quarter; the other being a $4.1 million equipment lease with Grumman Aerospace that the company announced on Aug. 17, 1993.
 Theodore J. Orlando, chairman and CEO of TJ Systems Corporation, states, "We believe the company strategy of serving the larger growth corporations will produce improved earnings, revenues and overall value to the TJ Systems shareholder."
 TJ Systems recently completed a secondary offering raising $3.2 million, which was managed by Paulson Investment Company. In addition to the capital raised through the public offering, the company expects to receive an infusion of over $800,000, representing the residuals from equipment coming off lease during the third and fourth quarters of 1993.
 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- 8/24/93
 /CONTACT: Theodore J. Orlando, chairman and CEO of TJ Systems Corporation, 516-273-9130, or Anthony J. DiMaio, Investor Relations of Anthem Communications, 212-943-8998/
 (TJSY)


CO: TJ Systems Corporation; Troll Associates ST: New York, New Jersey IN: CPR SU:

TM-OS -- NY003 -- 5310 08/24/93 08:11 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
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