| COMPUTER TERMINAL SYSTEMS <CPML> COMPLETES SALE | |
| Computer Terminal Systems Inc said | |
| it has completed the sale of 200,000 shares of its common | |
| stock, and warrants to acquire an additional one mln shares, to | |
| <Sedio N.V.> of Lugano, Switzerland for 50,000 dlrs. | |
| The company said the warrants are exercisable for five | |
| years at a purchase price of .125 dlrs per share. | |
| Computer Terminal said Sedio also has the right to buy | |
| additional shares and increase its total holdings up to 40 pct | |
| of the Computer Terminal's outstanding common stock under | |
| certain circumstances involving change of control at the | |
| company. | |
| The company said if the conditions occur the warrants would | |
| be exercisable at a price equal to 75 pct of its common stock's | |
| market price at the time, not to exceed 1.50 dlrs per share. | |
| Computer Terminal also said it sold the technolgy rights to | |
| its Dot Matrix impact technology, including any future | |
| improvements, to <Woodco Inc> of Houston, Tex. for 200,000 | |
| dlrs. But, it said it would continue to be the exclusive | |
| worldwide licensee of the technology for Woodco. | |
| The company said the moves were part of its reorganization | |
| plan and would help pay current operation costs and ensure | |
| product delivery. | |
| Computer Terminal makes computer generated labels, forms, | |
| tags and ticket printers and terminals. | |