TraveLodge International Inc. recorded improved sales and...

TraveLodge International Inc. recorded improved sales and earnings for first fiscal quarter ended Jan. 31. Net income for the period increased to $750,594, or 35 cents, from $683,712, or 32 cents per share, the prior year. Sales for the quarter increased to $23,663,008 from $20,832,924.

Decom Systems Inc. privately placed $1.4 million in 12 percent convertible subordinated debentures, due 1992 with a group of eight investors, including small business investment companies headed by New West Ventures Inc. Only interest on the debentures will be paid during the first four years and thereafter the principal will be retired in 12 equal quarterly payments. The debentures are convertible into common stock at $3.25 a share. The funds will be used primarily to expand working capital, repay short-term debt and for other general corporate purposes.