SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Earliest Event Reported): July 5, 1995
Exact name of Registrant
as specified in its charter: The Diana Corporation
State or Other Jurisdiction of Incorporation: Delaware
Commission File Number: 1-5486
I.R.S. Employer Identification Number: 36-2448698
Address of Principal Executive Office: 8200 West Brown Deer Road
Suite 200
Milwaukee, WI 53223
Registrant's Telephone Number, Including Area Code: (414) 355-0037
ITEM 5. OTHER EVENTS
On July 5, 1995 the Registrant announced that it had entered
into an agreement to acquire a majority interest in ATI
Communications. Please see Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press release dated July 5, 1995.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
THE DIANA CORPORATION
(Registrant)
/s/ R. Scott Miswald
Vice President and Treasurer
For Further Information
Contact:
Keith R. Steffel
(414) 355-0037
THE DIANA CORPORATION (NYSE-DNA) TO ACQUIRE ATI
Milwaukee, WI, July 5, 1995; The Diana Corporation announced
today that it entered into an agreement to acquire a majority
interest in Pittsburgh based ATI Communications ("ATI").
ATI is one of the largest independent communications companies
in the Mid-Atlantic region with annual sales of approximately
$60,000,000. ATI is engaged in the sales, installation and
maintenance of business telephone systems, voice mail and cellular
telephones through 37 retail offices and over 40 kiosks in major
retail centers covering six states and Washington, D.C. The
founders of ATI will manage the new company and will retain a
substantial equity interest in the new company. Vincent A. Lo
Castro, President and Chief Executive Officer of ATI said, "the
relationship will position ATI to better serve our existing 200,000
customers while providing the fuel to power additional expansion.
Our goal is to propel ATI into becoming a leading source of
business and consumer communications services in the nation."
The Diana Corporation, through its subsidiaries, C&L
Communications, Inc. and Sattel Communications Company, is a
leading provider of telecommunications equipment to IXC's LEC's
systems integrators and interconnect companies. C&L is a value-
added distributor of customer premise equipment used in digital
networks for the integrated voice and data communications. Sattel
Communications is a distributor and a manufacturer of
technologically advanced central office telecommunications
equipment for use in public switched telephone networks and for use
in private data networks.
