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Technology Stocks : Brite Voice (BVSI)

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To: James B. Barnes who wrote ()9/26/1997 1:05:00 PM
From: Leman   of 495
 
Friday September 26 12:04 PM EDT

BRITE VOICE SYSTEMS INC.-- Agrees to Sell Certain
Electronic Publishing Assets to Source Media Inc.

BRITE VOICE SYSTEMS INC. Agrees to Sell Certain Electronic Publishing
Assets to Source Media Inc.--

Ticker: BVSI (news)
Highlight: M&A
Date: 970926

Sept. 23, 1997, Source Media Inc. (SRCM) and Brite Voice Systems Inc. (BVSI) said SRCM
agreed to buy certain electronic publishing assets of BVSI for $35,000,000 in cash.

The agreement, which has been approved by both companies' boards, covers existing BVSI
contracts for system management, audio network, advertising sales, and advertiser support.

The transaction is expected to close by the end of November.
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