NEWS!!
STRATFORD, Conn., May 3 /PRNewswire/ -- DCI Telecommunications, Inc.
(OTC Bulletin Board: DCTC) announced today that its existing agreement with
Retevision, the national cable company of Spain, has been expanded to enable
DCI to provide "bundled" voice and data transmission services throughout
Spain. "Bundled" services include local and long distance voice
communication, as well as high speed data transmission and Internet access at
low cost.
This outgrowth will reinforce DCI's position as a low-cost data
transmitter. The agreement with Retevision marked DCI's entry as a
Competitive Local Exchange Carrier (CLEC) in Spain and gave DCI access to a
microwave relay network that covers all of Spain including the Canary Islands
and the Balearics. A fiber optic network also is being built out which will
provide backup and redundancy for the carriage of traffic.
In addition to transmission offered to DCI's direct clients, the company
also will offer backbone services to other carriers that have expressed
interest in partitioning or co-locating at DCI's Madrid facilities.
The expansion of this agreement raises DCI's capabilities to a new
worldwide level. It is the first step in the segment of the company's
expansion plan calling for utilization of the Internet for global voice and
data transmission services. Spain is the first link in what is planned to be
a worldwide Internet based network, which will include Virtual Private
Networks capable of handling dedicated bandwidth to maximize the quality of
voice and data transmission.
During the period from January through March 1999, DCI Europe increased
its long distance revenues from an annualized rate of $6 million to
$15 million. Once the new Harris switches are installed in London and Madrid,
the company's European long distance business is expected to increase to
previously forecasted levels of approximately $60 to $70 million annually.
The London switch is expected to be operational during earlyJune 1999. The
Madrid switch is scheduled for installation later this year.
DCI Telecommunications is a global provider of telecommunications
services, including long distance, prepaid phone cards and Internet services.
It has an extensive distribution network throughout North America, Europe and
the Far East. The company owns and operates switching facilities in Canada,
the United Kingdom, Spain and Denmark, with facilities planned for the United
States in the near future. DCI recently reported sales of $28.1 million for
the nine months ending December 31, 1998 versus $8 million in the comparable
prior-year period. DCI trades on the OTC Bulletin Board under the symbol
DCTC. Additional information can be obtained directly from the company or its
web site at dcic.com.
SOURCE DCI Telecommunications, Inc.
-0- 05/03/99
/CONTACT: Craig K. Murphy, Director, Investor Relations of DCI
Telecommunications, Inc., 203-380-0910 ext. 3108, InvestorRelations@dcic.com/
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 107358/
/Web site: dcic.com
(DCTC)
CO: DCI Telecommunications, Inc.; Retevision
ST: Connecticut
IN: TLS MLM
SU:
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