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(PR NEWSWIRE) DJ: DCI Concludes Reorganization of European Operations
DJ: DCI Concludes Reorganization of European Operations
STRATFORD, Conn., March 3 /PRNewswire/ -- DCI Telecommunications, Inc. (OTC
Bulletin Board: DCTC), an international supplier of telecommunications
services, today announced it has completed the reorganization of its
European subsidiary, DCI UK Limited. The management staff of DCI UK Ltd.
has been strengthened with the appointment of John J. Adams as CEO and
managing director and Robert Finn as its financial director. Mr. Adams also
serves as corporate vice-president and chief marketing officer for DCI
Telecommunications, Inc. Mr. Finn brings a strong financial background to
the company, with extensive experience in the European telecommunications
industry. Peter Jacques will continue to serve as general manager. His
responsibilities include handling DCI UK's day to day marketing and
expansion throughout Europe.
DCI UK's calling card business is now distributing prepaid calling cards
through vending machines throughout the United Kingdom. Some of the early
contracts for the placement of vending machines have been with P&O Cross
Channel Ferries and other transportation centers throughout the UK. The
subsidiary also has secured vending machine locations at various tourist
locations, including the Tower of London. Plans to expand this segment of
the business include installing approximately 1,000 machines during the
coming year.
The completion of the reorganization comes at a time when DCI UK is rapidly
expanding its telecommunications network through its existing operations in
Denmark and Spain. In addition the subsidiary is in the process of
installing a new "super switch" in London to provide a platform for the
calling card business in Europe. This high capacity switch will also
provide an international gateway for the anticipated expansion of long
distance services into Sweden, Norway, Finland, Portugal, Luxembourg,
Switzerland, France and Italy. Although the full effect of deregulation of
the European telecommunications market has yet to be felt, DCI is
positioning itself to become a major provider of both long distance services
and prepaid calling cards throughout the European community. The company's
low-cost fax over the Internet service also will be provided through their
European operations. Long-range expansion plans call for the service area to
grow throughout Europe.
DCI Telecommunications is an international supplier of telephone services,
including long distance service, prepaid cellular and Internet products.
The company has an extensive distribution network throughout North America,
Europe and the Far East and owns telephone switching facilities in Canada,
the United Kingdom, Spain and Denmark. The company recently reported sales
of $6.2 and $1.3 million in profit (or 13 cents per share) for the first
nine months of fiscal 1998.
Safe Harbor Statement under the Private Securities Litigation Act of 1995;
The statements which are not historical facts contained in this press
release are forward-looking statements that involve certain risks and
uncertainties including but not limited to risks associated with the new
uncertainty of future financial results, additional financing requirements,
development of new products, regulatory approval processes, the impact of
competitive products or pricing, unpredictability of patent protection,
technological changes, the effect of economic conditions and other
uncertainties detailed in the company's filings with the Securities and
Exchange Commission.
/CONTACT: Craig K. Murphy, Director of Investor Relations of DCI
Telecommunications, 203-380-0910, ext. 301, or dcitel@aol.com/
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