TIME MANAGEMENT SYSTEMS <TMS> TO GET INFUSION
Time Management Systems
Software Inc said it will receive 2,400,000 dlrs from
Management Technologies Inc <MTI> in exchange for an equity
position.
    The company said the money will be used to service existing
and pending contracts as well as the overall anticipated growth
of the company.
    In a separate action, Management Technologies  will acquire
options to purchase enough shares from the personal holdings of
J.W. McKellip, chairman of Time, to become a controlling
shareholder of Time.

 Reuter
