TCMM..".ELEVEN " Acquisitions pending Message Board

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Microcap & Penny Stocks : TCMM..".ELEVEN " Acquisitions pending

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To: STEVE G who wrote (6)	8/16/1999 11:17:00 AM
From: STEVE G	Read Replies (1) of 21

MORE NEWS!! Monday August 16, 9:57 am Eastern Time Company Press Release Telecomm Industries Corp. Signs Definitive Agreement with Aye.net NAPERVILLE, Ill.--(BUSINESS WIRE)--Aug. 16, 1999--Telecomm Industries Corp. (OTC BB:TCMM - news) announced today that it has executed a definitive agreement with Aye.net. The document memorializes the agreement reached to merge Aye.net into the Company's Subsidiary, NetVision.Com. Aye.net currently provides Internet service to approximately two thousand three hundred (2,300) Internet subscribers in Louisville, Kentucky and the surrounding areas. Telecomm Industries President and CEO Paul Satterthwaite commented, ``We are pleased to have reached this definitive agreement with Aye.net. We are confident that they will be a highly valuable addition to our Internet subsidiary, NetVision.Com and are looking forward to welcoming them to the Telecomm Team.' Telecomm Industries Corp. is one of the nation's largest distributors of voice and data services for Ameritech, BellSouth, and GTE. Telecomm combines these services with products from world class manufacturers to provide single source telecommunications and computing solutions to its business customers. Telecomm Industries specializes in being the single provider of the customer's total communication needs. Certain statements contained in this report that are not historical facts are forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The execution of a definitive agreement is merely one of a number of necessary steps prior to the closing of an acquisition. The Company makes no representation with regard to final completion of the merger. Reference is made to the Company's filings with the Securities and Exchange Commission, including the Company's annual report for fiscal 1998 on Form 10-KSB and the Company's quarterly report for the second quarter of 1999 on Form 10-QSB. Investors should read this release in conjunction with these filings for a description of these and other factors that could cause actual results to differ materially from those in the forward-looking statements. -------------------------------------------------------------------------------- Contact: Telecomm Industries Corp. Dave Gruber, 330/963-0566 or Telecomm Industries Corp. Paul Satterthwaite, 317/202-3050

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