UNIVERSAL COMMUNICATION <UCS> TO SELL ASSETS Universal Communication Systems Inc said it has tentatively agreed to sell substantially all its assets for about 79 mln dlrs in cash and notes plus limited profit participation. The company said the terms of the sale have been approved by its board and by Prime Motor Inns Inc <PDQ>, owner of about 84 pct of Universal's outstanding stock. It described the purchaser as a subsidiary of a company in the communications field which is one of the 100 largest U.S. corporations. The company said the transaction involves the payment of 20 mln dlrs in cash, a non-interest bearing payment of 11.3 mln dlrs in four equal instalments over four years and two promissory notes guaranteed by an affiliate of the purchaser. It said a 31.5 mln dlr 14 pct note is payable in four equal instalments over four years. It said a 16.3 mln dlr 8.5 pct note due Dec 31, 1992, includes participation in the 1992 profits of the acquiring company. Universdal said the profit element can be terminated with payments by the purchaser of either five mln dlrs in 1988, six mln dlrs in 1989, seven mln dlrs in 1990 or eight mln dlrs in 1991.