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Microcap & Penny Stocks : Wave Tech (ITEL) -- Ignore unavailable to you. Want to Upgrade?

To: dch who wrote (329)	6/25/1999 10:44:00 AM
From: Buckeye	Read Replies (1) \| Respond to of 344

WE ARE NOW AT $1.50 EOM!!!!

To: dch who wrote (329)	6/29/1999 3:14:00 PM
From: dch	Read Replies (1) \| Respond to of 344

CPR: Tuesday June 29, 2:04 pm Eastern Time Company Press Release SOURCE: Wavetech International, Inc. Wavetech Installing New Internet Based Long Distance Service; Service to Offer Dramatic Price Reductions for Subscribers Worldwide TUCSON, Ariz., June 29 /PRNewswire/ -- Wavetech International, Inc. (OTC Bulletin Board: ITEL - news) announced today that it has completed the initial installation phase of an advanced Internet Protocol (IP) long distance service. The IP network is based on a proprietary system designed and installed by Softalk, Inc., as part of a comprehensive licensing agreement recently signed by the Company. When completed, Wavetech will offer toll quality long distance services using internet protocol (VoIP) that seamlessly operates over variety of digital networks, including the Internet, Frame Relay, dedicated data or traditional circuit switched networks. The advantage of Wavetech's internet based communication system is that it allows users access to its long distance network without the need for special hardware or software. The only requirement is that users have internet access. Targeting domestic and international long distance customers, Wavetech's system will offer a new level of convenience, features and service, while giving the consumer a dramatic reduction in cost. The service is currently undergoing trials by a number of Fortune 500 companies here in North America and in Asia. Wavetech will market its services to both corporate and individual consumers. Gerry Quinn, Wavetech's President & CEO said today, ''The telecom industry is undergoing significant infrastructure changes. Conventional hardware and technology driving today's voice and data applications will be replaced by highly flexible software solutions operating over intelligent digital networks. Offering these cutting edge services to customers marks a pivotal change for the Company. The market is vast and we are looking forward to establishing a solid, profitable presence.'' Wavetech International, Inc., founded in 1993, is a facilities-based communications company. Wavetech was one of the first companies to introduce CTI (computer telephony integration) based calling cards in 1995, and is now one of the first companies to focus exclusively on IP (Internet Protocol) based long distance services. CONTACT: Bill Roberts, 937-434-2700, or Ken Paneral, 847-729-8521, both of CTC Inc. This press release contains certain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, those factors detailed by Wavetech in its filings with the Securities and Exchange Commission. SOURCE: Wavetech International, Inc.