TXCI News!
SAN FRANCISCO, Jul 13, 1999 (BUSINESS WIRE via COMTEX) --
Contract to Yield $10 Million in Second Quarter Gross
Revenue
TotalAxcess.com, Inc. (OTC BB:TXCI), formerly Group V Corporation,
announced today a partnership with Blackstone Calling Card, Inc. to
distribute approximately six million "Gateway International" pre-paid
calling cards with an estimated retail value of $57.7 million.
This is the second distribution contract that TotalAxcess.com has
entered into with Blackstone and it is expected to generate in excess
of $35.7 million in revenue for the Company in the next twelve months.
The "Gateway International" pre-paid calling cards are now available
domestically in $5, $10 and $20 denominations providing extremely low
international phone rates to a number of popular overseas markets.
The Company's first reported contract with Blackstone (Business Wire:
April 20) was for $8.4 million in country specific pre-paid phone cards
released through leading Blackstone distribution channels located
throughout the nation. TotalAxcess.com President and Chief Executive
Officer, Joseph Monterosso stated, "We have built an impressive and
cost- effective telecommunications network backed by knowledgeable and
talented professionals. We have clearly demonstrated the Company's
ability and will continue to provide the finest quality service at the
most competitive rates. Our partnership with Blackstone has been
beneficial to both parties and we are pleased that we can continue to
provide state-of-the-art support and service to sucha high quality
distributor."
Blackstone Calling Card, Inc. located in Miami, Florida has built an
extensive distribution network with more than 1,650 distributors
nationwide outside of Florida and over 7,800 retail accounts in South
Florida, New Jersey and Venezuela which are visited by their own sales
force. Stated Luis Arias, President of Blackstone Calling Card, Inc.,
"We have been extremely pleased with the Company's total performance
and we look forward to furthering our distribution partnership over the
coming months."
TotalAxcess.com, Inc. (a publicly traded company OTC BB: TXCI) is a
diversified telecommunications company specializing in some of the
world's most profitable market segments including one plus, toll free
long distance and pre-paid phone card products.
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