SW: Don't think anyone reported this yet on this thread. It's about time they thought of a name change! (They could also make their web site more attractive.) There's lots of potential here!
Dirk
-Company Reports Plans for Name Change-
San Francisco, CA (April 28, 1999): Group V Corporation announced the Company's intention to consolidate all subsidiary enterprises and holdings by June 30, 1999. Concurrently the Company reported plans to change its name to TotalAxcess.com, Inc.
Group V Corporation's subsidiary operations are primarily focused within the telecommunications industry and vertical markets that have integrated Internet based transactions and E-commerce activities to support their sales and marketing strategies.
Stated Joseph Monterosso, Chairman and Chief Executive Officer for Group V, "The consolidation will bring the growing operational and management functions of each subsidiary to the central headquarters, providing better economies and resource dedication to all levels of the organization."
In addition to providing competitively priced long distance service for residential and business applications, the Company provides value-added specialized telecommunication products and services to leading distributors and retailers through direct sales and customized distribution programs.
Commenting on the name change Monterosso continued, "TotalAxcess.com, Inc. is a far better representation of the depth and scope of services that this Company has achieved within the last 12 months of operation. Adding the .com signifies our long term commitment as a leading Internet services company within the telecommunications and lottery play market segments."
The Company has reported a number of strategic alliances gaining superior technology, enhanced functionality and a competitive rate structure, which has contributed to the recent growth and profitability of its telecommunication based operations.
The Company will also concentrate on furthering its position within the lottery play market segment with increased marketing activities for the HitLoTTo® Club Card through cross promotional activities with Lottery Publications Corporation and enhanced functionality of website lottoworldmagazine.com. Web based merchandising plans include imminent exposure through CPNM/Internet Marketing Consortium's affiliation of leading web retailers currently receiving more than 170 million monthly hits.
Having unveiled plans to support Internet based on-line lottery ticket sales through www.lottoticket.com, the Company continues to demonstrate strategic implementation of available resources and savvy market experience. Additional information can be found at www.hitlotto.com.
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.
Forward-looking statements in this release are made pursuant to the "safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
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