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ZITEL CORP. CLOSES A $5 MILLION LOAN

 FREMONT, Calif., Aug. 4 /PRNewswire/ -- Zitel Corp. (NASDAQ-NMS:ZITL) today announced that it had completed a $5 million loan from an institutional lender. The loan is secured by future royalties and other payments under an existing agreement. Simultaneously with the close of the transaction, the company's existing bank line of credit was closed.
 Henry C. Harris, vice president, finance and administration, said, "Consummation of this transaction and the release of assets pledged under the former bank line of credit should provide adequate working capital for the foreseeable future."
 Zitel Corp. specializes in the design, manufacture and marketing of high performance storage subsystems and high speed data communications products for varied applications across a range of UNIX file-servers, mainframes and proprietary systems. These products are offered through systems integrators, value-added resellers and distributors, OEMs and directly to Unisys mainframe end-users. The company is headquartered at 47211 Bayside Pky., Fremont, CA 94538. Telephone: 510-440-9600 or 800- 622-5020 (outside California). Fax: 510-440-9696.
 NOTE: Zitel is a registered trademark of Zitel Corp.
 -0- 8/4/93
 /CONTACT: Henry C. Harris, vice president of finance of Zitel Corp., 510-440-9600, or, outside California, 800-622-5020/
 (ZITL)


CO: Zitel Corp. ST: California IN: CPR SU:

TB-LH -- SJ905 -- 9491 08/04/93 15:49 EDT
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Publication:PR Newswire
Date:Aug 4, 1993
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