OTHER NEWS - Oct. 1, 1993

Costa Mesa Acquisition: A Texas operator of telephone services said it has agreed to acquire a Costa Mesa company for an undisclosed price and, at the same time, has ended negotiations to acquire another Orange County firm. SelecTel Corp. in Costa Mesa, which manages and maintains telephone services for the U.S. military and corporate customers, would become a subsidiary of Value-Added Communications Inc. in Dallas under a tentative agreement. Privately held SelecTel, which is expected to remain in Orange County, employs more than a dozen people and has annual revenue of more than $7 million, said its president, James Truher. Value-Added said Thursday that it has decided not to acquire Thrifty Tel of Garden Grove, a reseller of long-distance telephone services to corporations and buying groups. The Dallas company said that it expects repayment of a $400,000 loan it made to Thrifty Tel.