HITCOM REDUCES COSTS
St. Louis, MO, Sept 24, 1997 (DLD Digest) -- HitCom Corp. (NASDAQ:OTC - news), a telecommunications company, announced today 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.
Contact:
HitCom Corp. Anthony W. Hitt, 314/621-9100 or 800/705-4004, or
ahitt@hitcom.com |
