PHOENIX FINANCIAL <PHFC> BUYS DATA ACCESS STAKE
Data Access Systems Inc said
chairman David Cohen has sold 1,800,000 common shares to
Phoenix Financial corp for undisclosed terms and resigned as
chairman and chief executive officer.
    The company said Phoenix Financial now has a 27 pct
interest in Data Access and effective control.
    Data Access said Phoenix chairman Martin S. Ackerman has
been named chairman of Data Access as well and two other
Phoenix representatives have been named to the Data Access
board.  It said four directors other than Cohen have resigned
from the board.
 Reuter
