Thursday May 6, 8:16 am Eastern Time
Company Press Release
New Management Brings Total World
Tele-Communications Into Compliance
Officially Changes Name to Whitehall Enterprises
MIAMI--(BUSINESS WIRE)--May 6, 1999--Whitehall Enterprises Inc. (OTC BB:WTHL),
formerly known as Total World Tele-Communications Inc., announced Thursday that the company
is now in compliance with the Securities and Exchange Commission with regard to its quarterly and
annual reports.
The company completed the filings for the fiscal years, ended Sept. 30, of 1997 and 1998, as well
as the first quarter of fiscal 1999, bringing Whitehall Enterprises into compliance with the SEC under
the conditions of the company's reorganization plan. The company also filed an 8-K officially
changing the company's name to Whitehall Enterprises Inc., and changing the company's auditor.
Luis Alvarez, president of Whitehall Enterprises, stated: ''We are pleased to have completed the
initial phase of the company's reorganization. It will enable us to set our business plan in motion and
gather momentum for the emergence of Whitehall Enterprises as a growth-oriented company.''
Whitehall Enterprises Inc., formerly Total World Tele-Communications Inc., is emerging from its
bankruptcy reorganization as a holdings company and is in the process of negotiating acquisitions
that can be developed to enhance the company's strategic growth plan.
The Private Securities Litigation Reform Act of 1995 provides a ''safe harbor'' for forward-looking
statements. Certain information included in this news release (as well as information included in oral
statements or other written statements made or to be made by Whitehall Enterprises Inc.) contains
statements that are forward-looking, such as statements related to consummation of the transaction,
anticipated future revenues of the companies and success of current product offerings. Such
forward-looking information involves important risks and uncertainties that could significantly affect
anticipated results in the future and, accordingly, such results may differ materially from those
expressed in any forward-looking statements made by or on behalf of Whitehall Enterprises. For a
description of additional risks and uncertainties, please refer to Whitehall Enterprises Inc.'s filings
with the Securities and Exchange Commission, including Forms 10-K and 10-Q.
Contact:
Investor Relations Services Inc., New Smyrna Beach, Fla.
Tom Biggs, 904/409-0200
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