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TSG and NYNEX Announce Multi-Year Agreement

ROSWELL, Ga., Nov. 25 /PRNewswire/ -- Technology Service Group, Inc. (Nasdaq: TSGI), a leading provider of intelligent payphone products, announced today that NYNEX has signed a multi-year, potentially multi-million dollar agreement to purchase both TSG's Gemini II and III smart processors for use in NYNEX payphones. TSG was awarded the contract as a result of a highly competitive sourcing process conducted by NYNEX.

TSG's products contain advanced telemetry and diagnostic features that immediately alert a company, such as NYNEX, when one of its payphones is out of service. As a result, they will be able to repair out-of-service phones more quickly, thus improving service to customers. The TSG products also contain advanced anti-fraud features and will help improve the efficiency of the coin collection process.

"The Gemini products are part of our New Payphone Technology series, which
are among the industry leaders in price and perf or nce," said Vincent C. Bisceglia, TSG President and CEO. "Our ability to meet the needs of NYNEX, the leading provider of payphone service in one of the most densely populated markets in the industry, reflects our ability and commitment to provide our customers with the technological tools necessary to compete in the highly competitive payphone arena."

As part of the contract, NYNEX will receive an extended warranty and will work with TSG toward an aggressive program of continuous cost, quality and service improvement. The purchase of these new phones is part of NYNEX's overall plan to further upgrade its public telephone system and provide better service to its customers. TSG expects to begin delivery in early January.

NYNEX is a global communications and media corporation that provides a full range of services in the northeastern United States and high-growth markets around the world, including the United Kingdom, Thailand, Gibraltar, Greece, Indonesia, the Philippines, Poland, Slovakia, and the Czech Republic. The corporation is a leader in telecommunications, wireless communications, directory publishing, video entertainment and information services. NYNEX owns and operates 186,000 public telephones.

Technology Service Group, Inc. is a leading provider of high technology smart payphone systems to the Regional Bell Operating Companies. The Company also provides advanced wireless payphone systems with Smart Card technology to markets in South America, Central America and Asia.

TSG is headquartered at 20 Mansell Court East, Suite 200, Roswell, GA 30076. TSG's Common Stock and Warrants are listed on the Nasdaq National Market under the symbols TSGI and TSGIW.

The Company's future results are subject to a variety of factors. To the extent that the above release includes forward looking statements, such statements are based upon current expectations and actual results and events may vary.

SOURCE Technology Service Group, Inc.
 -0- 11/25/96

/CONTACT: Vincent C. Bisceglia, President & CEO, or William H. Thompson, CFO, Technology Service Group, Inc., 770-587-0208/


CO: Technology Service Group, Inc.; NYNEX ST: Georgia IN: CPR SU: CON

KS -- ATM004 -- 3532 11/25/96 09:04 EST
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Publication:PR Newswire
Date:Nov 25, 1996
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