GROUP V REPORTS STRONG REVENUE OUTLOOK FOR 1999
San Francisco, CA (January 29, 1999): Group V Corporation (OTC BB:GRPV) today announced a strong
revenue outlook.
With recent orders for pre-paid phone cards adding approximately $1 million to monthly revenue, the growing
popularity of the
HitLoTTo® Club Card, a new, exclusive marketing agreement with a prominent national organization and its
two million
members, and Group V's high industry profile as evidenced by the overwhelming response to the Company's
offerings at this
month's Intele-Card News trade show in Miami - the Company is poised for explosive
growth.
Group V Corporation (GRPV) is a diversified telecommunications company specializing in some of the most
profitable
market segments including: one plus and toll free long distance and pre-paid phone card products. Group V's
vertical
integration strategy puts the Company in an excellent position to significantly reduce the risk of entering new
markets by
leveraging the strength of its existing subsidiary companies.
Group V and its subsidiaries have successfully targeted a 3 Billion dollar per annum pre-paid telephone market
and the 38
Billion dollar lottery market, culminating in the recent completion of an exclusive marketing contract for the
Company' s
products and services to a membership base of over 2 million consumers. Through its wholly owned, facility
based long
distance carrier, Academy Network Services, Inc. (ANS), the Company received orders for
pre-paid phone cards of just under $1,000,000 per month in additional sales revenues in the month of
December. The
Company has the ability to support various configurations of pre-paid phone card traffic on their debit
platforms and
maintains unlimited capacity to support one plus and toll free long distance traffic for a variety of businesses
and residential
applications.
Group V's wholly owned subsidiary National Pools Corporation (NPC) produces and markets the
revolutionary new product
the HitLoTTo Club Card, the only pre-paid phone card That Can Make You Rich! With the HitLoTTo Club
Card, anyone can
play all the big U.S. lottery jackpots, including Powerball, from the convenience of their telephone. NPC is the
only company to
market a pre-paid phone card with free lottery play as a purchase incentive.
Substantially lower per minute rates of only $.195 assures even greater distribution success for this unique
added-value
pre-paid phone card. Carried by an increasing number of retail stores nationwide, the HitLoTTo Club Card
distribution
expansion plans are currently supported with trade magazine advertising and high profile industry exposure.
Forward-looking statements in this release are made pursuant to the "safe harbor'' provisions of the Private
Securities
Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and
uncertainties,
including, without limitation, continued acceptance of the Company's products, increased levels of competition
for the
Company, new products and technological changes, the
Company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from
time to time in the
Company's periodic reports filed with the Securities and Exchange Commission. |
