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Wednesday December 15, 2:23 pm Eastern Time
Company Press Release
Talk Visual Corporation Announces $1,500,000 in New Funding Through Private Placements
MIAMI--(BUSINESS WIRE)--Dec. 15 1999--(OTC-BB:TVCP - news).
Talk Visual Corporation announced today private placement funding of approximately $1,500,000 (one million five hundred thousand US dollars). The additional cash equity investments of funds is being provided by a group of European Investors under the Securities and Exchange Commission's ''Regulation 'S' Rules''. The funds will be received by the company during the period December 1999, through February 2000. The average price to be paid by the various investors for the restricted shares are based on recent closing trading prices. Under the terms of the SEC's Regulation 'S' rules, the stock will be restricted for sale for a period of one year.
Except for historical information contained herein, the statements in this release (including without limitation, statements indicating that the company ''expects,'' ''estimates,'' ''anticipates,'' or ''believes'' and all other statements concerning future financial results, product offerings or other events that have not yet occurred) are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Additional information on these and other factors are included in the company's Form 10-KSB for the Fiscal Year ended Dec. 31, 1998, as filed with the Securities and Exchange Commission.
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Contact:
Talk Visual Corporation
Jeanette Vega, 305/572-0575
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