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 (18)	11/17/1999 10:49:00 PM
From: STEVE G	of 21

NEWS OUT!!!! Another acquisition. And the news was favorable as the stock price moved up. ------------------------------------------------------------ Tuesday November 16, 10:49 am Eastern Time Company Press Release Telecomm Industries Corp. Completes Acquisition of Aye.net NAPERVILLE, Ill.--(BUSINESS WIRE)--Nov. 16, 1999--Telecomm Industries Corp. (OTCBB:TCMM - news) announced today that through its wholly-owned subsidiary NetVision.Com it has completed the acquisition of Aye.net. Aye.net provides Internet service and web-hosting capabilities to approximately two thousand three hundred (2,300) Internet subscriber and web-hosting accounts in Louisville, Kentucky and the surrounding areas. Telecomm Industries President and CEO Paul Satterthwaite commented, ``We are pleased to have closed this transaction with Aye.net and are particularly excited about their growth in web-hosting and other business Internet services in the past year. We are confident that they will be a highly valuable addition to our Internet subsidiary, NetVision.Com and welcome 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 third 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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