First define the full text area, like PIC X(132),and redefine it as PIC X(001) OCCURS 132 TIMES.
Then in your procedure, move your data into the full text field.
Now, within a perform index through the single byte occurrances doing the IF NUMERIC and IF ALPHABETIC checks to remove anything that's neither numeric (F0 - F9) or alphabetic (C1 - E9). All that is left is the good text, unless you want to also remove the plusses, minuses, etc., which you can easily look for with IF '+' and so on.
If you are using SPF as the editor for your program, there are ways to have it search your program or text document for non-display characters and automatically replace them with whatever you want -- usually a space.
By the way, EBCDIC to ASCII conversion is only good for display data -- not packed.
let me know if this helps.
Lucky