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SHCC Formalizes Telecommunications Service
Provider Contract With Leading International
Telecommunication Firm
THURSDAY, JUNE 24, 1999 2:59 PM EST
- BusinessWire
KIRKLAND, Wash., Jun 24, 1999 (BUSINESS WIRE via COMTEX) -- SaratogaInternational
Holdings, Corp., (OTC BB:SHCC), announced today that it has formalized its
telecommunications service provider agreement with one of the largest long distance
companies in the industry.
Under the terms of the agreement with the service provider SHCC is currently precluded from
disclosing their identity in this press release due to the sensitive nature of the providers other
current business dealings.
SHCC has implemented its business development plan with respect to its acquisition of the
Telecom division of Internet Interview Inc. of Florida. The Company has completed the
following action steps:
a. The formation of a wholly-owned subsidiary company "Saratoga Telecom Corp." b. The
appointment of Tom Morsey as President and Chief Operating
Officer of the Telecom company under a three year employment agreement.c. The
appointment of Tom Morsey to the Board of Directors of SHCC,
the parent company. Saratoga Telcom's product offering is prepaid calling cards via the
Internet on an international level, specifically calls originating in foreign countries to the US or
other countries as opposed to calls originating in the US and terminating anywhere in the
world. Mr. Morsey said, "Selling Pin numbers superimposed over a graphic that looks like a
calling card, via the Internet, negates the necessity of manufacturing the cards and setting
up distribution worldwide. Potential customers can instantly place international calls simply
by purchasing the pin number on line and printing out the card. We are in the process of
setting up over 2,000 web site agents in Central and South America, Europe and the Pacific
Rim are next on the agenda."
Patrick Charles, Chairman and CEO of SHCC expressed "extreme satisfaction in closing the
transaction with Mr. Morsey. The company is excited about the prospect of growth in this
very visible international business opportunity."
Contact: Mr. Patrick Rost of PMR and Associates, the company's corporate public relations
firm, may be contacted at 760/942-0015 e-mail pmrandco@aol.com. SHCC can be reached
by calling 800/549-6546.
This release contains forward-looking statements with respect to the results of operations
and business of the company that involves risk and uncertainties. The company's actual
future results could materially differ from those discussed. Risks and uncertainties of the
company will be detailed from time to time in the company's periodic reports.
Copyright (C) 1999 Business Wire. All rights reserved.
-0-
CONTACT: PMR and Associates
Patrick Rost, 760/942-0015
e-mail: pmrandco@aol.com
or
SHCC
800/549-6546
WEB PAGE: businesswire.com
GEOGRAPHY: WASHINGTON INTERNATIONAL EUROPE ASIA PACIFIC
INDUSTRY CODE: COMED
COMPUTERS/ELECTRONICS
TELECOMMUNICATIONS
MANAGEMENT
CHANGES
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