Exhibit 99.01

                                                                                
                                                           FOR IMMEDIATE RELEASE

From:    Metro-Tel Corp.
         290 N.E. 68th Street
         Miami, FL 33138

         M. Steiner        (305) 754-4551
         V.J. Indelicato   (813) 814-0722

Metro-Tel Corp.  (MTF) Approved to Trade on the Chicago Stock Exchange under New
Symbol MTF

Miami, FL -- January 8, 1999-- Metro-Tel Corp. (OTC Bulletin Board:  MTRO) today
announced that it has been approved to trade its securities on the Chicago Stock
Exchange (CHX). Trading will commence on Monday,  January 11, 1999 under the new
symbol MTF. The Company's  Common Stock will continue to be quoted on the Nasdaq
OTC Electronic Bulletin Board under the symbol MTRO.

Michael  Steiner,  President of Metro-Tel  Corp.,  said that "trading on the CHX
provides the Company and its stockholders  with many  advantages".  He indicated
that "the  Company's  securities  will be  handled by a  specialist  who will be
familiar with our stock".

The CHX is the fastest growing,  most  technologically  advanced exchange in the
United  States,  providing the highest  quality trade  executions for over 4,000
securities.  It also provides longer trading hours by staying open until 4:30 PM
(ET).

Metro-Tel Corp. is a leading distributor of industrial dry cleaning equipment in
the southeastern  United States, the Caribbean and South America,  and is also a
manufacturer of telephone test equipment and peripheral telephone products.