DGIV -- Good Prospects? Message Board

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Microcap & Penny Stocks : DGIV -- Good Prospects?

DGIV 0.00

Dec 5 4:00 PM EST

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To: Due Diligence who wrote (7631)	4/30/1998 5:59:00 PM
From: Howard C.	of 7703

You might also want to check out the lawsuits and criminal charges: LAS VEGAS--(BUSINESS WIRE)--April 1, 1998--The board of directors of Touch Tone America Inc. (Nasdaq:TONE - news; Nasdaq:TONEW - news) was informed by ORIX Global Communications Inc. that it has decided to cautiously proceed with the acquisition by Touch Tone providing that resolution of the following issues occur, namely: (1) the claim of $1.5 million from WorldCom as punitive damages for termination of various services; and (2) officer lawsuits from Michael Canney and James Simms demanding punitive damages against Touch Tone. Touch Tone agreed to address these matters without delay and provide accurate disclosure to ORIX Global Communications regarding these claims. The board of directors of Touch Tone indicated that it would support claims initiated by the shareholders against Canney and Simms. In addition, the members of the board of directors discussed the particulars of the criminal charge against Kerry Rogers and have indicated their support and concurrence with his defense.

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