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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)
VSAT 38.32+2.9%Dec 11 3:59 PM EST

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To: Stock Watcher who wrote (7469)4/28/1999 11:09:00 AM
From: Bravado  Read Replies (1) of 52051
 
Teltran International to Acquire OmniCom of New York

NEW YORK--(BUSINESS WIRE)--April 28, 1999--Teltran International (OTC BB:TLTG) announced today that it has agreed to acquire 100% of the shares of OmniCom of New York, an authorized agent of UniDial Communications. Based in Manhattan, OmniCom of New York has been in business for over 5 years as a profitable telecom reseller.

The acquisition of OmniCom of New York will complement Teltran's current product line and accelerate their entry into the areas of switched and dedicated phone services, including 1+ outbound and toll-free inbound, networking, frame relay, wireless phones and service, Internet access, debit cards, billing software, multi-media conferencing and network marketing services. Teltran also plans to feature UniDial services on its Teltran.com web portal in order to attract more small to mid-size businesses and the retail consumer marketplace.

"The acquisition of OmniCom of New York will enable us to penetrate new markets, present a more inclusive service offering to our customers and prospects and add yet another service to Teltran.com," said Peter Biagioli, Teltran's Vice President of Sales & Marketing. "Teltran is pleased to be associated with UniDial and we look forward to developing new revenue streams as our relationship builds."
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