KIRKLAND, Wash.--(BUSINESS WIRE)--July 9, 1999--Saratoga Telecom
Corp, a wholly-owned subsidiary of Saratoga International Holdings
Corp. (OTC BB:SHCC) announced today that its prepaid International
long distance Web Site will be unveiled by August 15, 1999.
The Web Site is designed to give instant access to foreign
nationals wishing to place phone calls outside their respective
countries, at discount pricing! The Site will eventually be in many
languages around the world as the foreign target markets expand.
The Company's marketing strategy is based on selling prepaid long
distance via the Internet at great savings to customers in countries
who call out of their area to the U.S. and other areas across the
globe, (over $7 billion annual revenue), and who are currently paying
relatively high tariffs imposed by the country's government regulated
service providers.
The company's marketing strategy has been set into motion
establishing a network of "Web Site" agents directing potential
customers back to Saratoga Telecom's (Talk Cheap) prepaid long
distance pin number Web Site. The initial target markets are seven
countries including Barbados, Brazil, Chile, Colombia, the Dominican
Republic, Mexico and Venezuela. "Once we have validated the revenue
potential in the initial seven countries targeted, we plan to rapidly
expand the "Web Site" sales agent network to the 44 other countries
our backbone provider has access from," reported Tom Morsey, President
and Chief Operating Officer of the company's Internet telecom
business.
The Company has established offices in Aventura, Florida and has
added new high level technical support including other personnel to
implement its telecom-operating plan.
SHCC's recently announced corporate restructuring included a
change in the focus of its growth by acquisition ("Roll-up") business
development plan.
The Company's current growth efforts are principally targeted at
opportunities presented by the e-commerce industry.
Patrick F. Charles, Chairman and CEO of SHCC commented, "We are
extremely pleased with Mr. Morsey's progress since the recent closing
of the telecom acquisition and continue to be excited about the
prospect for growth and the opportunity for corporate visibility in
the explosive global e-commerce industry."
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.
--30--RYG/se*
CONTACT: PMR and Associates
Patrick Rost, 760/942-0015
e-mail: pmrandco@aol.com
or
SHCC, 888/878-9683.
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