GROUP V SUBSIDIARY DELIVERS $ 8.4 MILLION PRE-PAID PHONE CARD ORDER TO NATION'S LEADING
DISTRIBUTOR
- Blackstone to Introduce Country Specific Cards at Telecom '99-
San Francisco, CA (March 19, 1999): Group V (GRPV) and its subsidiary Academy Network Services (ANS), announced today that they have supplied two highly
competitive country specific pre-paid phone cards to Blackstone distributors of Miami, Florida.
Blackstone, one of the Nation's top distributors of pre-paid phone cards will introduce these new cards at the telecommunications industry's largest conference and
exposition, Telecom '99 in Anaheim, California on March 29th. The retail value of this order is 8.4 million dollars.
"We are pleased to supply these highly competitive country specific cards to such a quality distributor as Blackstone, and believe that this association is a win-win
proposition for both companies," stated Group V Chairman and Chief Executive Officer, Joseph Monterosso.
Group V recently reported a strategic relocation for ANS, positioning the Company to take advantage of competitive rates for both international and domestic
telephone charges. ANS will continue to deliver new competitively priced pre-paid products to the dynamic phone card market and anticipates this relocation will
result in higher profit margins for ANS.
Academy Network Services is a wholly owned subsidiary of Group V Corporation (GRPV) specializing in niche telecommunication products and services. As a long
distance carrier, Academy has the ability to support various configurations of pre-paid phone card traffic on its debit platforms and maintains unlimited capacity to
support one plus and toll free long distance traffic for a variety of residential and business applications.
Group V Corporation (a publicly traded company OTC: GRPV) is a diversified telecommunications company specializing in some of the world's most profitable market
segments including one plus, toll free long distance and pre-paid phone card products. Group V has created a network of complementary companies, many of which
offer products and services of their own, many of which market, develop or deliver the products of companies within the Group V family.
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