GROUP V CORP (OTC BB: GRPV)
GROUP V CHAIRMAN RESPONDS TO 800% INCREASE IN STOCK PRICE FOR OTC:GRPV
San Francisco, CA (February 18, 1999): Joseph Monterosso, Chairman and Chief Executive Officer of Group V Corporation, stated today "I am extremely
pleased, yet not surprised, to see how favorably the market is responding to the considerable accomplishments of this Company. Our recent alliances
and sales capability in the pre-paid phone card market will most certainly generate significant revenues for GRPV this year." More information is available
on
the Company's website: www.grpv.com.
The Company's broad-based telecommunications and Internet marketing business plan is supported by the Company's wholly owned subsidiary,
Academy Network Services (ANS). ANS provides the full telecommunications, customer service and fulfillment support of all ANS pre-paid and one plus
long distance products, as well as for the HitLoTTo
Club Card. The HitLoTTo Club Card is produced by Group V subsidiary National Pools Corporation (NPC) and is marketed
as "The 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 today, and beginning in May, by computer.
The HitLoTTo Club Card will allow lottery players from anywhere around the world to join lottery clubs and participate in some of the largest lottery
jackpots in the U.S.
"Our recent alliance with CPNM/Internet Marketing Consortium will generate in excess of 80 million hits per month for the HitLoTTo Club Card,"
Monterosso stated. "Through this media we will certainly efficiently and effectively expose this unique lottery phone card to the audience that purchases
more than one hundred million dollars worth of lottery tickets per day in the U.S. alone. Coupled with the introduction of the HitLoTTo Virtual Card for
international lottery players in April, Group V will certainly lay claim to the biggest "Lottery Club in the World."
Monterosso also added that with the establishment of ANS's company sponsored distributorship program, 100 key representatives will be exclusively
distributing ANS pre-paid phone cards and HitLoTTo products to key markets throughout the U.S. Each representative will be responsible for servicing
150-200 stores per week, with forecasted sales from each store at approximately $100.00 per day. Based on these projections, Group V revenues will
exceed 30
million dollars per year in pre-paid phone card sales alone. Monterosso also stated that the Company plans other unique marketing programs to
introduce the Company's products over the next year.
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.
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