[clari.nb.telecom] NYNEX Creates New Subsidiary, Buys a Company

newsbytes@clarinet.com (01/18/90)

NEW YORK, NEW YORK, U.S.A., 1990 JAN 12 (NB) -- NYNEX 
Enterprises has created a new third-party logistics group designed to 
strengthen the company's external business focus and develop new 
markets beyond the NYNEX family of companies. 

Joseph Timpanaro has been named vice president and general manager 
of the new group. He previously had been vice president-business 
development for NYNEX Enterprises. The new group is located at 
NYNEX Enterprises' Manhattan headquarters, 441 Ninth Ave. 

As a third-party logistics provider, NYNEX Enterprises will offer 
materials management, including contract warehousing, inventory control, 
transportation, purchasing and procurement, customer service and 
computer systems. 
                  
In other news from NYNEX, NYNEX's Information Services Group has 
acquired LeRoux, Pitts and Associates (LPA), which specializes in 
point-of-sale application software systems for banking, retail and 
government customers using Tandem computers.                

Florida-based LPA is already working on major systems integration 
projects awarded to NYNEX last year.   NYNEX won a $33.5 million 
contract with the Port Authority of New York and New Jersey for a 
parking revenue control system at the three metropolitan 
airports, and is installing a similar system at the Dallas-Fort 
Worth International Airport. The company has 40 employees and a 
customer base including four of the top 10 electronic funds transfer 
(EFT) transaction banks in the nation. 

(Dana Blankenhorn/19900116/Press Contact: BethAnn Robertiello, 
NYNEX, 914-644-7892; Kevin McLernon, NYNEX Enterprises, 212-502-
7186)