TSIS -News and Facts only for speedy DD on FAQ's Message Board

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Microcap & Penny Stocks : TSIS -News and Facts only for speedy DD on FAQ's

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To: TI2, TechInvestorToo who wrote ()	5/17/1998 9:43:00 PM
From: Crossy	of 70

ITI To Meet New NASDAQ Reporting Requirements BusinessWire, Friday, December 12, 1997 at 09:45 SAN DIEGO--(BUSINESS WIRE)--Dec. 12, 1997--Interactive Telesis Inc. (OTC/BB:TSIS) wishes to respond to recent articles regarding the intention of NASDAQ to remove up to 3,400 companies from the OTC Bulletin Board. Interactive Telesis has prepared and mailed to shareholders audited financial statements and quarterly reports for the past four years. It is the company's intention to file these statements with the appropriate governing bodies as soon as possible. The company feels that the removal of the more speculative, nondisclosing companies from the Bulletin Board is a positive step towards enhancing the credibility of this market. Interactive Telesis is experiencing a 200 percent increase in revenues due to the rapidly growing demand for its MarketREACH customized interactive voice response (IVR) applications and its InvestorREACH shareholder communication service. Both services are being successfully marketed to some of North America's largest corporations, as evidenced by ITI's recent news releases. ITI's management looks forward to promptly meeting all NASDAQ-initiated reporting requirements in 1998 with financial statements that reflect the company's increasing profitability and dramatic growth. The company is not aware of any material change in its affairs that would result in the recent drop in share price. For further information, please contact Scott Cameron, director of Investor Relations, at 800/931-5050. CONTACT: Interactive Telesis Inc. Investor Relations Office, 888/484-6397 E-mail: iti@intelesis.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: TELECOMMUNICATIONS COMPUTERS/ELECTRONICS

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