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Microcap & Penny Stocks : OTC BB HOT SHORT TERM PLAYS (news,rumors,shake downs,gaps)

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To: run_amuck who wrote (155)7/19/1999 1:46:00 PM
From: GARY P GROBBEL  Read Replies (1) of 165
 
Anybody know anything about TWOS on the OTC BB? It's up .22 to 3/8 on 74,000 at 1.40p. This is all there is at Yahoo:

TeleData World Services, Inc., Announces New Chief
Executive Officer

Prepaid Cellular Technology and Service Provider Focuses on New Strategy

DURHAM, N.C.--(BUSINESS WIRE)--July 14, 1999-- TeleData World Services, Inc. (OTC BB: TWOS) named Anthony
W. Cullen as its new chief executive officer.

Cullen was previously serving as president and chief operating officer since joining the company last August.

Since assuming the position, Cullen has instituted several changes including new strategic direction, distributor and carrier
alliances as well as revamping TeleData's handset software and technology to ensure its competitive edge in the prepaid
marketplace.

''Prepaid cellular is the fastest growing segment in the wireless industry,'' said Cullen. ''The market opportunity is no longer
limited to the credit-challenged, but also aimed at multiple consumer groups that traditional cellular typically cannot reach.
TeleData is poised to capitalize on this lucrative opportunity.''

Prior to joining TeleData World Services, Inc., Cullen spent 10 years in senior management positions with two major
telecommunications and information technology corporations. He previously served as president and chief operating officer of
Cellular Directory Corp., a subsidiary of Vanguard Cellular Systems, Inc. As director of operations and affiliate relations at
ReadyCom, Inc., Cullen oversaw product development and operations for the company which provided cellular and voice
paging services.

Cullen holds a Masters of Business Administration from Cornell University and a Bachelors of Science from Duke University.

TeleData World Services, Inc. (OTC BB: TWOS), based in Durham, N.C., is a leading technology and service provider of
prepaid cellular. TeleData has leveraged its wireless communications expertise and integrated it with proprietary software
solutions and advanced telecommunications to remotely and cost-effectively perform over-the-air updates and handset
programming. TeleData currently serves distributors and customers on a national basis, covering approximately 90 percent of
the U.S. cellular footprint.

The various forward-looking statements and information contained herein are based on management's beliefs as well as
assumptions made by, and information currently available to, management. Such forward-looking statements are subject to
risks, uncertainties and other factors which could cause actual results expressed or implied by such forward-looking statements.
Whether such forward-looking statements and information ultimately prove to be accurate depends on various uncertainties and
future developments that cannot be predicted.

Contact:

TeleData World Services Inc., Durham
Janie Reed, 919/419-7724
e-mail: jreed@twos.net
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