LAS VEGAS, Dec. 9 /PRNewswire/ -- PDS Financial Corporation (Nasdaq: PDSF)
today announced the closing of an expanded credit facility with Heller
Financial, Inc., which increases the permitted borrowings from $10 million to
$25 million, and, for the first time, allow for the financing of the residual
value portion of operating leases originated by the Company.  This new feature
will allow the Company to better utilize and allocate internal capital.
Additionally, later this week, the Company expects to close on its second
$5 million discretionary credit facility with another financial institution.
This discretionary line of credit provides the Company with enhanced
flexibility to finance short-term rentals, leases and equipment sales.
    "Expanding our borrowing capabilities is an essential component in our
growth strategy," commented Johan P. Finley, President and Chief Executive
Officer. "It has been our experience that adding additional lines of credit
results in a corresponding growth in our leasing and financing activities.
These facilities provide us with the financial flexibility to attract new
business opportunities and support the volume of transactions that are
currently pending, as well as those we expect to close in the first part of
1999."
    The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements.  Certain of the statements contained
herein, which are not historical facts, are forward-looking statements with
respect to events, the occurrence of which involve risks and uncertainties.
These forward-looking statements may be impacted, either positively or
negatively, by various factors.  Information concerning potential factors that
could affect the Company is detailed from time to time in the Company's
reports filed with the Securities and Exchange Commission.
    PDS Financial Corporation, with offices in Las Vegas and Minneapolis,
provides leasing and financing to the gaming industry, and supplies
reconditioned gaming devices to casino operators throughout the United States.
Since 1991, PDS has completed over $450 million in gaming finance transactions
and in 1996 introduced SlotLease, a specialized leasing program for slot
machines and other electronic gaming devices.  In mid-1997, the Company
established its reconditioned gaming device sales and distribution line of
business, PDS Slot Source, to complement its leasing and financing activities
and to generate equipment sales to casino operators.

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