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Technology Stocks : U.S. Digital Communications (USDI)

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To: CRay33 who wrote (287)10/24/1998 12:11:00 PM
From: jackie   of 308
 
There has been a lot of news lately. Release of financials, getting new auditor, etc. They appear to be getting their ducks lined up. Will take some time.

Here is latest news release:

Friday October 23, 6:00 am Eastern Time

Company Press Release

SOURCE: US Digital Communications Inc.

FCC Certification Granted to Iridium Service
Provider Project 77

Washington, Oct. 23 /PRNewswire/ -- US Digital Communications Inc. (OTC Bulletin Board: USDI - news) announced
today that its subsidiary, Project 77 Corp., has been granted an application for international Section 214 certification with
the Federal Communications Commission (FCC). The grant of authority was effective Sept. 23, 1998, and assigned file
number ITC-214-19980811-00558. The grant for authority is an International Telecommunications Certificate, enabling
Project 77 to operate global facilities and offer worldwide resale services. Project 77 is a service provider for Iridium
North America.

The FCC action gives Project 77 the authority to operate as a facilities-based carrier in accordance with the provisions of
Section 63.18(e)(1) of the FCC rules and also to provide service in accordance with the provisions of Section
63.18(e)(2) of the rules.

''The grant of authority places Project 77 one step closer to providing our global niche markets with cutting-edge satellite
communications technology,'' says Charles C. Maynard, CEO of U.S. Digital's International Satellite Group (INSAT).
''Our industry segments, which include Fortune 100 companies, media, oil and mineral exploration concerns, government
offices and disaster recovery operations, have shown a great interest in the Iridium product line, as well as Project 77's
added-value features.''

The Iridium system, which is scheduled to begin full commercial service Nov. 1, 1998, will combine the worldwide reach
of 66 low-Earth-orbit satellites with land-based wireless systems. It will enable customers to engage in any type of
telephone transmission-voice, paging, data and fax-anywhere on Earth, at any time.

US Digital Communications Inc. is a telecommunications company that specializes in technologies for corporate and
consumer applications. INSAT markets and distributes a full range of telecommunications services through Project 77
Corp. and Skysite Communications Corp. INSAT is headquartered in Washington, D.C., at 1575 Eye Street, N.W. US
Digital Communications Inc. maintains offices in Burbank, Calif., and Washington, D.C., under the leadership of Robert J.
Wussler, chairman of the board.

SOURCE: US Digital Communications Inc.

More Quotes and News:
U.S. Digital Communications Inc (OTC BB:USDI - news)
Related News Categories: government, telecom

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