TCR_Public/950608.MBX


BANKRUPTCY CREDITORS' SERVICE, INC.





        (SPECTRAVISION) SpectraVision seeks Chapter 11 protection
   

      

            DALLAS, Texas--June 8, 1995--
        SpectraVision Inc.
announced
        today that it has filed a voluntary petition under Chapter 11 of the
        U.S. Bankruptcy Code with the U.S. Bankruptcy Court for the District
        of Delaware.
   

      
       

     The company said it elected to seek court protection in order to
        obtain additional financing and facilitate the implementation of its
        operational turnaround while it pursues a planned financial
        restructuring.  SpectraVision said that it would develop a plan of
        reorganization that includes a restructuring of the company's
        outstanding indebtedness.
        


           The company also announced that it was finalizing arrangements
        for debtor-in-possession ("DIP") financing.  SpectraVision said
        that, once approved by the court, the line of credit would be
        sufficient to fund the company's operations and capital expenditures
        during the reorganization proceeding.
   

      
       

     Gary Weik, chief executive officer of SpectraVision, said:  "We
        believe the filing of the Chapter 11 petition is a prudent step and
        is in the best interests of the company and our customers.  This
        action will allow us to gain access to short-term financing which
        will resolve our short-term liquidity concerns and provide us with
        the financial flexibility necessary to continue the implementation
        of our turnaround plan - including the restructuring of our customer
        service organization and the ongoing rollout of our new STARPATH(TM)
        technology."
        


            Weik added, "We intend to utilize the court's protection to
        pursue a long-term financial restructuring that includes a
        substantial deleveraging of the company and enhances our prospects
        for future growth."
   

      
       

     SpectraVision said that it would immediately seek court approval
        to access the DIP financing to fund normal business operations
        throughout the proceeding, including the payment of all post-
        petition trade obligations.  The company also said that its Canadian
        and Hong Kong operating companies would be unaffected by the filing.
        


           SpectraVision Inc. is the leading supplier of in-room, pay-per-
        view entertainment and information services to the worldwide lodging
        industry.  Through its STARPATH(TM) technology, it is the only
        company in the lodging industry delivering compressed digital video
        and digital video-on-demand to hotels in North America.  Founded in
        1971, the company markets its products and services in the U.S.,
        Canada, Mexico, the Caribbean, Australia and the Pacific Rim.
   

      

        CONTACT:  SpectraVision Inc.
                  Media Contact:  Robert Mead, 212/484-6701
                  or Investor Contact:  Janice Schroer, 214/301-9016