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Microcap & Penny Stocks : DAVID SIRK's VALUE MOMENTUM PLAYS -- Ignore unavailable to you. Want to Upgrade?

To: RON BARNES who wrote (3279)	6/18/1999 1:02:00 PM
From: David Sirk	Read Replies (2) \| Respond to of 4828

HCC News out... Friday June 18, 12:33 pm Eastern Time Company Press Release SHCC Completes Asset Acquisition of Telecom Division of Internet Interview Inc. KIRKLAND, Wash.--(BUSINESS WIRE)--June 18, 1999--Saratoga International Holdings Corp. (OTC BB:SHCC - news), formerly Western Oil & Tire Distributors Inc, announced today that it has acquired the telecom division of Internet Interview Inc., Aventura, FL. SHCC announced today that it has acquired the telecom division of Internet Interview Inc. SHCC previously announced an agreement in principle to acquire all of the business assets of Internet Interview Inc. which included an Internet resume service technology. The telecom project is better suited to SHCC's business development goals and provides the best opportunity to rapidly expand into the worldwide billion dollar internet telecom industry. The purchase price of the telecom service business included cash and warrants. The Internet segment that the telecom division operates in is an established industry with SHCC's target being foreign jurisdictions where the company's prepaid long distance telephone cards offer the consumer a substantial discount over currently available long distance charges. This opportunity should give SHCC the chance to be a leader in selling these services in the targeted overseas multi billion dollar market. The sale of prepaid long distance cards over the Internet in foreign jurisdictions is an open niche market that is huge. An additional reason for choosing to become involved in this market is Tom Morsey, the president of Internet Interview, who will become the president of the telecom operations of SHCC. Tom has a wealth of experience in the telecom business and has been able to negotiate favorable contracts with various LD carriers. Tom has joined the board of directors of SHCC. Morsey's innovative marketing strategy is based on selling prepaid long distance pin numbers via the Internet on a worldwide scale (''Prepaid Calling Cards'' via the Internet). This system removes two of the most common problems associated with the sale of prepaid calling cards, the manufacture and security of the physical card and its distribution. Marketing via the Internet will enable the company to rapidly penetrate targeted markets through a network of ''Web Site'' agents with direct access to potential customers. ''Several long distance carriers have expressed interest in this telecom project,'' reported Morsey. ''I decided to align my company with an aggressive, innovative and rapidly progressive long distance carrier. The company has executed a definitive agreement with an internationally recognized carrier to provide long distance services. More details of this contract will be available in the near future. I believe we are on the threshold of a major change to the five billion-dollar (and growing) worldwide industry of prepaid calling cards. The company's product offering will save consumers, in the overseas markets that have been targeted, substantial dollars over current long distance services. This change in the market provides SHCC with its growth opportunity. SHCC is going to be a major player in this industry,'' added Morsey. SHCC welcomes Morsey as a team member integral to the development of its telecom business. SHCC has taken the position that the Internet will continue to grow at a pace not seen in business before. Telecom services are a major part of the Internet mix. The company believes it is well positioned to benefit from the overall investor interest in the Internet and related activities. This release contains forward-looking statements with respect to the results of operations and business of the company that involves risk and uncertainties. The company's actual future results could materially differ from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports. Contact: PMR and Associates Patrick Rost, 760/942-0015 pmrandco@aol.com OR SHCC, 800/549-6546 More Quotes and News: Western Oil & Tire Distributors Inc (OTC BB:SHCC - news) Related News Categories: computers, internet, telecom