HITCOM - Negotiates Major Carrier Agreement: Significant Cost Savings Expected To
Market News Publishing, Wednesday, September 24, 1997 at 14:09
HitCom Corp., a telecommunications company, announced
that it has negotiated a major carrier agreement that will
significantly decrease its long distance transport costs.
According to Scott Beil, HitCom's CEO, this agreement should
result in 1998 savings of approximately $450,000 before taking into
consideration the effect on any potential acquisition. "Not only
have we cut costs and positively impacted future earnings, HitCom has
continued to improve its competitive position in the marketplace."
Beil continued: "This agreement should further enhance HitCom's
position in attracting the right acquisition candidates for its
strategic growth plan."
Under terms of the contract, HitCom's largest single expense
could be reduced by as much as 23 percent. Additionally, the new
carrier agreement provides HitCom the ability to offer several new
product and service enhancements to its telecommunication clients.
HitCom Corp., through its subsidiaries, has approximately 13,000
customers using its telecommunications services in the United States
and Canada. The company has formulated an aggressive growth plan
designed to substantially increase that number by the end of 1998.
HitCom Corp., headquartered in St. Louis, is a facility-based
telecommunications company that provides integrated voice and data
services to businesses and consumers in the United States and
Canada. Hitcom's products and services include calling cards, voice
and data processing and a full range of Internet connectivity and
Web hosting services.
HitCom is traded on the NASDAQ Stock Exchange OTC Bulletin Board
under the symbol HICO. HitCom can be found on the World Wide Web at
hitcom.com .
Note to Editors: Statements contained in this news release
regarding expected financial results and other planned events are
forward looking statements, subject to uncertainties and risks,
including, but not limited to, the demand for HitCom's products and
services, and the ability of the company to successfully implement
its strategies, each of which may be impacted, among other things,
by economic, competitive, or regulatory conditions.
Anthony W. Hitt, 314/621-9100 or 800/705-4004
Email: ahitt@hitcom.com |
