Telscape (TSCP) & PointeCom (previously C-Com) Message Board

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Microcap & Penny Stocks : Telscape (TSCP) & PointeCom (previously C-Com)

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To: kikited who wrote (133)	9/14/1999 8:28:00 PM
From: Jimi Plym	of 152

Pointe Communications Receives $21 Million Investment to Accelerate Buildout Of Hispanic Competitive Local Exchange Carrier Networks; - Lead Investor TSG Capital Brings Extensive Hispanic Market And Communications Experience - ATLANTA, Sept. 14 /PRNewswire/ -- Pointe Communications Corporation (OTC Bulletin Board: PCOM - news), (PCOM(TM)), (www.pointecom.net) Chairman and CEO Stephen E. Raville today announced a $21 million second private placement funding through the sale of Convertible Preferred Stock. TSG Capital Fund III, L.P., led the investment, contributing $20 million. Opportunity Capital Partners contributed $1 million. Raville stated that proceeds from the issuance will be used to accelerate the expansion of the Company's Hispanic competitive local exchange carrier (''CLEC'') networks, retire debt and for general corporate purposes. biz.yahoo.com

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