USA TALKS.COM, INC. ANNOUNCES PAYMENT DATE OF FEBRUARY 5, 1999 A
1/25/99 14:19 Ex-Dividend Date of February 8, 1999 for Forward 4:1 Stock Split
LA JOLLA, Calif., Jan. 25 /PRNewswire/ -- USA Talks.com, Inc.
(OTC Bulletin Board: USAT) announced a payment date of February 5, 1999 and an
ex-dividend date of February 8, 1999 for the previously announced forward
four-for-one stock split to all shareholders of record as of February 1, 1999.
All shareholders of record as of February 1, 1999 will own as of that
date, by operation of law, four shares of common stock for each share of
common stock then held. USA Talks.com will implement the stock split by
issuance to shareholders of a certificate evidencing three additional post-
split shares for each pre-split share held by a shareholder on the record
date. The share certificates evidencing the pre-split shares will continue to
be outstanding, and evidence on a post-split basis the number of shares that
they currently evidence on a pre-split basis.
The new certificates evidencing the additional post-split shares shall
become available for delivery to shareholders on February 5, 1999, the payment
date.
The price of a share of common stock of USA Talks.com, Inc. will be
adjusted to account for the stock split and the issuance of the post-split
shares commencing on February 8, 1999, the ex-dividend date.
USA Talks.com offers a flat rate, "all you can talk" telephone-to-
telephone, "toll quality" long distance service with a variety of service and
pricing plans from $20 to $60 per month. The long distance service is
designed to meet the needs of residential and business target markets. USA
Talks is currently in test phase with its California network installation,
which has provided service for over 60,000 calls in the last thirty days. The
initial success of the test program is evidence of the long-term market
acceptance and demand for flat rate, "all you can tall" service worldwide.
Headquartered in San Diego, California, USA Talks.com, Inc. is building
the first national Internet-based long distance telephone service to offer
unlimited use for a monthly flat fee. USA Talks.com's proprietary
technologies allow telephone-to-telephone calls using simple fast call
placement. These technologies include speech recognition, speech
verification, and speech compression, which aid in security and ease of use.
USA Talks.com' long distance service is marketed through TrendMark, Inc., a
direct marketing company based in Memphis, Tennessee, and through USA
Talks.com' wholesale and resellers division located in San Diego.
This press release contains forward-looking statements relating to future
operating information and their impact on future results. Actual results
could differ materially from those projected in forward-looking statements as
a result of risk factors such as market conditions, product life cycles,
customer delays in purchasing products, technology shifts, potential
difficulties in introducing new products, competition, price sensitivity and
the uncertain market acceptance of USA Talks.com's products by distributors,
retailers and customers.
SOURCE USA Talks.com, Inc.
-0- 01/25/99
/CONTACT: Maggie Yates of Director of Marketing, 619-546-0550, or fax,
619-552-8904, myates@usatalks.com, or Lesley Wilber, Investor Relations,
619-546-0550, lesleyw@usatalks.com, both of USA Talks.com, Inc.; or Peggy
Lanier, Public Relations, 619-546-0550, Planier@home.com/
/Web site: usatalks.com
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