COMPANY CONTACTS:
Jack Epperson, Chief Executive Officer
Recom Managed Systems, Inc.
For Immediate Release
RECOM MANAGED SYSTEMS FILES CHAPTER 11 BANKRPUTCY PETITION
SACRAMENTO, CA, June 30, 2000 - Recom Managed Systems, Inc. (OTC BB: RMSI.OB)
filed a petition for voluntary Chapter 11 bankruptcy in the United States
Bankruptcy Court Eastern District of California, Sacramento Division on Monday,
June 26.
In April of this year the company announced its intention to file a Chapter 7
petition for dissolution. Management now believes that a corporate
reorganization may be a viable alternative that would better serve the interests
of its investors, shareholders and creditors. Consequently, the company filed
under Chapter 11 and is currently preparing a reorganization plan for
consideration by the court. The current officers and directors continue to
manage the affairs of the company.
