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Gold/Mining/Energy : dba Telecom's SmarTalk ranks better than Nortel/Lucent/Mit
DBA 25.84+0.3%Jan 27 4:00 PM EST

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To: lwk who wrote (480)9/3/1999 8:35:00 AM
From: lwk  Read Replies (1) of 553
 
Q2 99 Results Announced

John r. Henderson, President and CEO of dba Telecom Corporation (the "Company" or "dba Telecom"), announces its financial results for the six months ending June 30, 1999. Total revenues for the period were $3.0 million, a 40% increase over the same period in 1998. The Company significantly increased its product development and sales teams during this period resulting in higher expenses and a loss for the six months of $842 thousand.

John R. Henderson, President & CEO, stated "We are committed to delivering quality products and solutions and being a successful player in the telecoms equipment and network services markets for the long term. The investment necessary to achieve these goals, both in financial and manpower terms, has impacted on our short term results in Q2. We are committed to building long term relationships with our key customers which will generate sustainable revenues for many years to come and anticipate the se initiatives will lead to substantially improving revenues in Q4 and next year."

The company also announces the resignation of Garrett Lambert as a director of dba Telecom Corporation. The board appreciates Mr. Lambert's contributions and will be announcing a successor shortly.

dba Telecom delivers innovative telephony solutions to its customers around the world. As "The SmarTalk(TM) Company", dba Telecom provides a unique range of intelligent network handsets for use in a variety of applications in the Centrex and Commun ication Server markets. The company has "one office in five countries" to serve its customers. The majority of dba Telecom's team is located in Vancouver with additional sales and support members in Atlanta, Hong Kong, London and Sydney. Since 1979, m ore than 350,000 dba Telecom telephones have been installed in over 30 countries.

dba Telecom Corporation is a public company, trading on the Vancouver Stock Exchange under the symbol DBA.
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