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Technology Stocks : Alphanet Telecom, WOW !

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To: JAMES BORECKI who wrote (37)8/22/1997 10:17:00 PM
From: Robert Sunstrum   of 117
 
Here is the press release. Note the wording of "foreign international telecommunications carrier". If it was a US based carrier I believe they would have said "North American Carrier" thus my thinking is a European telco. And with the BT/MCI mess I suspect BT may be interested. Time will tell - and indeed if it is any major carrier it will be a real coupe.
Regards
****************************************************************
In response to a request from The Toronto Stock Exchange for an
explanation for the recent rise in its common stock price, Claude Samson,
Executive Vice-President, Chief Financial Officer and Chief Operating
Officer, AlphaNet Telecom Inc. ("AlphaNet"), reports that it resumed Beta
testing of its telecommunications network in the second half of July. Three
carriers are currently participating in the test and others are to be added
in the coming weeks prior to commencement of commercial service. Since the
latest update, AlphaNet has added two countries to its network of
international points-of-presence bringing its total number to 11 countries.
AlphaNet also stated that it has entered into a letter of intent with a
foreign international telecommunications carrier with a view to negotiating
a possible debt/equity investment into AlphaNet.
AlphaNet Telecom Inc. designs, develops, operates and markets worldwide
voice, facsimile and data services for business users, consumers and the
world's hospitality industry. Based in Toronto, AlphaNet maintains an
office in New York and is listed on The Toronto Stock Exchange under the
symbol FAX.

TEL: (416) 413-4404 Claude Samson, Executive Vice-President, CFO
FAX: (416) 413-4424
e-mail: claude.samson@alphanet.net
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