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Microcap & Penny Stocks : FARMSTEAD TELEPHONE (FTG)

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To: Seth L. who wrote (58)10/10/1997 11:36:00 AM
From: tonto   of 107
 
News release

Friday October 10 10:05 AM EDT

Company Press Release

Farmstead Telephone Group is Designated a "Connecticut
Technology Fast 50" Company

EAST HARTFORD, CT--(BUSINESS WIRE)--Oct. 10, 1997--Farmstead Telephone Group
Inc. (ASE: FTG, FTG.WS, FTG.WS.A, FTG.WS.B) has been named a member of the
Connecticut Technology Council's ''Fast 50.'' The award, presented at an Oct. 9 reception,
recognizes Farmstead as one of the 50 fastest growing technology companies in the state.

Sponsored by NASDAQ, People's Bank, The Hartford Courant, and Pullman & Comley LLC, the
award program heightens awareness in the business community of Connecticut's emerging
technology industry and offers CEOs a forum for technology business networking. Winners become
Fast 50 Fellows and will be invited to events and programs with future years' winners. In addition,
Fast 50 companies compete to become part of the National Technology Fast 500 sponsored by
Deloitte & Touche LLP and Technology Transfer Business Magazine.

State Senator Gary D. LeBeau, in a congratulatory letter to Farmstead CEO George J. Taylor Jr.,
said, ''Thanks to leaders in the technology race such as Farmstead, Connecticut is moving into a
new era of economic growth. You are serving as a role model to other industries, using cutting edge
technology to produce jobs and revenue that are instrumental in bolstering our local economy.''

Farmstead Telephone Group Inc. is a domestic dealer for new and remanufactured Lucent
Technologies (formerly AT&T) telecommunications products. The company also designs and
markets proprietary voice processing and unified messaging systems through its Cobotyx division.
General information about Farmstead Telephone may be found on the World Wide Web at
farmstead.com.

This release is available on the KCSA Worldwide website at www.kcsa.com.

Contact:

Farmstead Telephone Group Inc., East Hartford
Judith Ivie, Marketing Manager
860/610-6041
or
KCSA, New York
Leslie A. Schupak/Joseph A. Mansi/Sarah Shepard
212/682-6300 ext. 207/205/236
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