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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: Ken Salaets who wrote (16724)	6/10/1999 11:55:00 AM
From: Baldwin	Read Replies (2) \| Respond to of 19331

"They will appear on the proxy statement for ratification by the shareholders at the Annual Meeting of Shareholders later this year and will commence audit work immediately thereafter. They will render an opinion on the fiscal year ending March 31, 2000." ENTIRE TEXT BELOW: DCI Names Deloitte & Touche as Auditors STRATFORD, Conn., May 14 /PRNewswire/ -- DCI Telecommunications, Inc., (OTC Bulletin Board: DCTC) announced today that its Board of Directors has selected Deloitte & Touche LLP as the company's new auditors. Russell B. Hintz, Chief Financial Officer for DCI, said, "The recent suspension of trading in DCI's stock his served to point out to the company the need for broader financial acumen and advice, which Deloitte & Touche, as a Big 5 firm, can provide." The company will ensure that Deloitte & Touche will be deeply involved in DCI's financial information. Joseph J. Murphy, President and CEO of DCI stated, "We never again want to be in a position where anything the company does is subject to question. It has always been and always will be management's intent to run this company according to the highest standards and grow intelligently for the benefit of our stockholders." 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. Additional information can be obtained directly from the company or its web site at dcic.com . Safe Harbor Statement under the Private Securities Litigation Act of 1995: the statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the new uncertainty of future financial results, additional financing requirements, development of new products, regulatory approval processes, the impact of competitive products or pricing, unpredictability of patent protection, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission. SOURCE DCI Telecommunications, Inc. Web Site: dcic.com

To: Ken Salaets who wrote (16724)	6/10/1999 12:06:00 PM
From: Dorine Essey	Read Replies (1) \| Respond to of 19331

By: Kknightmcc Reply To: None Thursday, 10 Jun 1999 at 11:44 AM EDT Post # of 1294 Due to the delay in seeing DCI Telecommunications, Inc. trading on the OTC BB after the SEC halt and the subsequent lifting of that halt by the SEC, I called the NASD yesterday and spoke to an OTC compliance officer. I went through the entire story of the SEC halt, the lifting of the halt by the SEC, and the subsequent trading on the "pink sheets". He seemed a bit resistant to giving me information, but I prodded him until he came out with the fact that DCI had not been cleared for trading on the OTC yet. He also told me that we are not trading on the "pink sheets" and have not been. Which makes sense now because when I called the National Quotation Bureau that does the quotes on the "pink sheet" stocks, I was told that they had not received any paperwork to allow it to trade on that market. The good news is that we have not been down graded to the pink sheets. We are apparently trading in between the two boards. In essence we are allowed to trade the stock, but the market makers have not been cleared to make quotes on the stock. We are basically in limbo until they decide that the market makers are fully aware of the complete financial picture of the company. Apparently they want still more information from the market makers on top of everything that has already been provided. The rules are not clearly defined and the NASD can take as much time as they want to review beyond the so-called 10 days the market makers were told. All the NASD has to do to keep a stock halted is arbitrarily turn down the applications on the Form 15C-211's and then we are off to the races again. It is my belief that DCI is being made an example of by the NASD in order to make the market makers do more research on the companies that they make a market in. Gone are the days when market makers will be allowed to trade a company without any knowledge of the company. I also believe that it is part of the new campaign to clean up the OTC, make all companies reporting, and delist all of the delinquent and scam companies. We have been caught in the new regulatory web so to speak. I called Joe Murphy and told him what was said to me. He said he has been working every day trying to get the stock traded again. He is now trying to organize a meeting with the market makers, DCI's attorneys and accountants, and some of the DCI executives so they can all sit down together and make sure the market makers know everything there is to know about this company. Joe did say to me that he was talking to an investment banker about putting the company up for sale again. He said he is very concerned about the shareholders and if he had to he would sell the company and we would all get the benefit that way rather than let the NASD hold things up indefinitely. He gave me permission to say that in my newsletter. He also said that he has been working on trying to get the company listed on the London Stock Exchange because of the international offices of DCI in London and Spain. He considers DCI to be an international company at this point. He said it was not anything to do with the SEC halt or lack of trading on the boards here. That he had been working on that when all of this happened. Kathy Knight-McConnell Investor to Investor investortoinvestor.com Disclaimer: Knight-McConnell Information Retrieval Service and Investor to Investor Newsletter is not nor does it claim to be a licensed stock broker, analyst or financial advisor. This service and newsletter has been set up strictly to provide research information. All research information is obtained from sources believed to be reliable. I and my research helpers take no responsibility for decisions made by individual investors based upon information provided. All research is provided for informational purposes only. If in the course of my contact with said company(s) I should be instrumental in providing Internet consultation services or making introductions to other parties who may be in a position to help said companies and it is totally unrelated to my writing about said company(s), it is not beyond the realm of possibility that payment for those particular services might be received. In that event I will make full disclosure. I may on occasion trade shares of stock that I have purchased and am under no obligation to announce all of those trades. However, if I should sell a position due to adverse conditions, I will so inform my readers of that adverse condition so that they may make their own evaluations in that regard. Investor to Investor is a subscription based newsletter. All subscription fees are nominal and cover the costs of research and time spent compiling information on publicly traded companies. The first issue is always free to new subscribers. NOTE: I have not been paid in any way, shape or form to write about DCTC.