ACEN news
SARASOTA, Fla.--(BUSINESS WIRE)--Oct. 25, 2000--American
Communications Enterprises, Inc. (OTCBB:ACEN) today announced that it
has finalized a reciprocal carrier services agreement with Pensat
International Communications, Inc. The Agreement is based upon
industry standard price, quality of service and payment conditions.
In addition to the carrier services agreement, American
Communications secured a minority ownership interest in this
international ICP and plans on working closely with Pensat as it
broadens its communications footprint within the international
marketplace.
American Communications officials stated: "The Company has now
completed the second step of the business model, and expects to have
two additional strategic opportunities completed within the next 60
days." Officials added: "We are on a very fast track, and we believe
that we will have the Company ready for the merger and acquisition
portion of our business model prior to the end of the year."
About American Communications
ACEN is creating strategic relationships and acquiring
complimentary operating companies within the global communications
industry that have proven management and state-of-the-art
technologies. On October 19th, the Company announced a 4 for 1 forward
split of its stock with an effective date of November 6, 2000. All
shareholders of the Company as of the close of market on November 6
will receive the additional shares.
About Pensat International Communications
Pensat International Communications, Inc. (www.pensat.com,
information at amatini@pensat.com), headquartered in Washington, D.C.,
is a facilities-based integrated communications provider (ICP). Pensat
currently has licenses and operations in the USA, Spain, Brazil, and
Syria. Through its Global Consortium Network (GCN), a strategic
alliance of foreign carriers, Pensat provides a full array of enhanced
communications products and services in Venezuela, The Netherlands
Antilles, Chile, Peru, and South Korea. Pensat has network facilities
and offices in Madrid and Barcelona, Spain; Sao Paolo, Rio de Janeiro,
Brazil; Damascus, Aleppo, and Lattakia, Syria; USA offices in
Washington, DC, New York City, and Omaha; and network facilities
throughout the United States.
Certain statements included in this press release are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Actual results could differ
materially from such statements expressed or implied herein. Factors
that might cause such a difference include, among others, competitive
pressures, the company's ability to successfully implement traffic,
constantly changing technology, associated with recently formed
entities. As a result, this press release should be read in
conjunction with the Company's periodic filings with the SEC.
--30--law/mi*
CONTACT: Tampa Bay Financial, Inc., Sarasota
Steve Wagoner, 941/923-1949
email: swagoner@tbfcorp.net
KEYWORD: FLORIDA
INDUSTRY KEYWORD: BANKING TELECOMMUNICATIONS
MARKETING AGREEMENTS
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