Digitcom Corporation Purchases 50,000 Shares in Stock Buy-Back Program
PR Newswire - March 10, 1998 12:03
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SANTA MONICA, Calif., March 10 /PRNewswire/ -- Digitcom Corporation
(OTC Bulletin Board: DGIV) announces progress in their stock buy-back program
with the purchase of 50,000 shares. Digitcom has seriously pursued the
problem that has caused the drop in the stock price last month and will
continue until a correct valuation is reached.
Jimmy Chin, CEO stated, "The launch of the 1.5 million share buy-back
authorized by the board of directors is in effect. We feel the stock is
still significantly undervalued, so the program will continue."
Chin expects that the repurchase program will continue through March and
possibly into April.
The unique market niche that Digitcom has developed will provide the
company with ongoing revenues from each contract and joint venture agreement
with overseas telecommunications companies through the use of minute charges,
instead of the one time system set up fee structure that some other
telecommunications companies offer.
Digitcom is an international telecommunications and data network company
working with regional and national telephone companies in emerging markets to
establish international long distance networks. Digitcom's FAXport(TM),
VOXport(TM), and NetCall(TM), build upon the Company's IntraVoice Internet/
Public Switched Telephone Network (PSTN) gateway. These unique copyrighted
technologies make Internet-transmitted faxing, voice messaging and
full- duplex voice communications accessible to any user with a touch-tone
phone or fax machine, and will provide rapid and cost-effective entry into
these services by emerging-market telephone companies.
SOURCE Digitcom Corporation
/CONTACT: investors, Cheryl Mitchell of Liberty Capital Group, Inc.,
800-371-9117, or 360-676-8072, or www.libertycap.com/liberty or
liberty@nas.com/
(DGIV)
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