Interesting NEWS this morning! What does everyone think?
From : Business Wire
May 25 1999 8:10AM
Re : Group V Stockholders Seek Increased Holdings -- Shareholders Approach Company to
Purchase Restricted Shares
Tuesday May 25, 09:04 AM Eastern time
Company Press Release
Group V Stockholders Seek Increased Holdings --
Shareholders Approach Company to Purchase Restricted
Shares
SAN FRANCISCO--(BUSINESS WIRE)--May 25, 1999--TotalAxcess.com, Inc. (OTC BB:TXCI),
formerly Group V Corporation, reported today that several major shareholders have elected to increase
their share holdings in the company.
Accordingly, the company has agreed to sell at market price, two million, six hundred eight thousand two
hundred ninety-one (2,608,291) restricted shares of common stock.
The announcement follows the May 7, 1999, report of the company's President and Chairman purchasing
six million shares of restricted common stock.
The company has recently reported sizable pre-paid phone card contracts and plans for a consolidation of
its subsidiary operations which is expected to increase product margins and profitability within the next
quarter.
The company's President and Chairman, Joseph Monterosso was quoted as saying, "Considering the
company's promising future and expanding revenue opportunities, I am not surprised to find our
shareholders eager to increase their holdings." Monterosso added, "These new shares will be restricted
under rule 144 and cannot be sold for two years. Certainly our shareholders have faith in our ability to
build additional revenue and maintain solid growth in upcoming quarters." The proceeds of this sale will be
used as additional working capital to accelerate the company's business plan and stock buy back
program.
During the recent quarter, the company's focus has expanded to include vertical markets that have
integrated Internet based transaction and E-commerce activities to support the company's sales and
marketing strategies.
TotalAxcess.com, Inc. (a publicly traded company OTC BB:TXCI) 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.
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.
Contact:
TotalAxcess.com, Inc.
John Steward, 415/575-0222
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