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Technology Stocks : Echostar Comm.
SATS 82.11+10.2%3:59 PM EST

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To: Stoctrash who wrote ()5/9/1997 11:08:00 AM
From: Findit   of 1394
 
To All News:

Friday May 9 8:45 AM EDT

Company Press Release

EchoStar Files Against the News Corp. Limited for Declaratory Relief

ENGLEWOOD, Colo.--(BUSINESS WIRE)--May 9, 1997--EchoStar Communications Corporation (Nasdaq:DISH) today announced it has filed for a Declaratory Judgment in the United States District Court for the District of Colorado. The action seeks a judgment confirming the obligation of The News Corporation Limited (NYSE:NWS), to loan EchoStar $200 million.

EchoStar is confident that the court will confirm its position.
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