Tuesday June 30, 11:07 am Eastern Time
Company Press Release
MegaWorld, Inc. Engages Lobsenz Stevens for Investor Relations
Company to File Regular Reports With the SEC
NEW YORK--(BUSINESS WIRE)--June 30, 1998--MegaWorld, Inc. (OTC:MEGW - news), a diversified holding
company with interests in telecommunications, publishing, and international time-share operations, today announced that
it has contracted with Lobsenz Stevens, Inc., one of the largest independent public relations agencies in the U.S., to
communicate the company's prospects and developments to the financial community, the media and the public.
The company also announced that, with the completion this week of a full audit by Scott Gildea & Company, LLP,
Certified Public Accountants, it would become a full reporting company to the Securities and Exchange Commission.
The first filing is scheduled to be a Form 10-Q for the quarter ending June 30, 1998.
MegaWorld, Inc. owns a leasehold interest in a 1,000-year-old castle in northern Italy that is being marketed for
time-share intervals, and is also the wholesale supplier of Internet telephone services to domestic facilities-based
providers in the U.S. and other selected countries utilizing gateway switches linked to the Internet.
''With the publication of the premiere issue of NYC-New York City Magazine and our move to be a full reporting
company, MegaWorld, Inc. is completing its first series of milestones,'' commented George H. Levy, chairman. ''Our
engagement of Lobsenz Stevens is an indication of our professional approach and commitment to the long term.''
Contact:
MegaWorld, Inc., New York
David W. Mahy, 212/750-3333
or
Lobsenz Stevens, Inc., New York
Mark Perlgut, 212/684-6300 ext. 309 |
