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TJ SYSTEMS ANNOUNCES LARGEST LEASE AGREEMENT IN COMPANY HISTORY; GRUMMAN EQUIPMENT LEASE EXCEEDS $4 MILLION

 HAUPPAUGE, N.Y., Aug. 17 /PRNewswire/ -- TJ Systems Corporation (NASDAQ: TJSY) announced the signing of a major equipment lease with Grumman Aerospace, a wholly owned subsidiary of the Grumman Corporation (NYSE: GQ) for equipment valued at $4.1 million. This transaction represents the largest single lease agreement in the company's thirteen year history. The equipment on lease includes 110 new RISC/6000 systems, manufactured by IBM, which will function in system design for Grumman in conjunction with several existing U.S. Government contracts.
 Theodore J. Orlando, chairman of TJ Systems Corporation, states, "The company's growth strategies are based upon building the business internally, through consistent service quality to current customers, and second, by adding strong customers who depend upon state-of-the-art information processing and telecommunication technologies."
 The equipment will be installed over a period of eight months. This lease is expected to add over $1 million per year to the company's revenues over the course of the three year term in addition to having a significant positive impact upon the company portfolio. TJ Systems recently completed a secondary offering raising $3.2 million, successfully managed by Paulson Investment Company.
 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- 8/17/93
 /CONTACT: Theodore J. Orlando, chairman & 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 ST: New York IN: CPR SU: CON

TM -- NY008 -- 3384 08/17/93 08:11 EDT
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Publication:PR Newswire
Date:Aug 17, 1993
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