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Microcap & Penny Stocks : PAYP -- Ignore unavailable to you. Want to Upgrade?

To: ajs who wrote (83)	6/29/1999 12:11:00 PM
From: Ga Bard	Respond to of 179

NEWS! figured that would happen as they turn this stock around. BTW PAYP will be getting cash and holding a convertible debenture on CIXP which is presently 1.50 - 3.00 a share. They are getting out of the condos and into the telephone industry plus changing the name. As the company makes this transistion I expected old Daryl to sell a bit. Anyway, this is a great release to me. Now Howard Bronson is on the release so that is a great tid bit also since they are assisting with the financing and so forth. Pay Pop Sells Real Estate Holdings ALDERGROVE, British Columbia--(BUSINESS WIRE)--June 29, 1999-- Pay Pop, Inc. (BBS:PAYP) also known as DELECOM COMMUNICATIONS LTD. announced today that it has entered into a Letter of Intent to sell its Dominican Real Estate condominium project to CONSTRUCTION PRODUCTS INTERNATIONAL, INC. (BBS:CIXP). CIXP is an International Project Development Corporation whose focus includes the manufacture and sale of specialty construction technologies. The Dominican project was acquired by PAYP approximately twelve months ago. It includes 24 completed condominium units together with plans, permits, and licenses necessary to complete an additional 96 units. The agreement calls for a total sale price of $4.4 million in cash and convertible debentures. $900,000 will be paid in cash and the balance will be paid in CIXP convertible debentures, at market at time of conversion. This sale will allow PAYP to become a "pure play" as a fully integrated telecommunications company. Finalization of the agreement is expected within ten days. PAYP recently announced the hiring of three new professional service entities to assist with its transition from the Electronic Bulletin Board to NASDAQ Small Cap. This will speed up the necessary audit and legal documentation required to meet the entry onto NASDAQ Small Cap. It is felt that the sale of the Dominican Condominiums Project has greatly expedited the process. On May 27, 1999 PAYP received unanimous approval to change its name from PAY POP, INC. to DELECOM COMMUNICATIONS LTD. to better reflect its core business. A new trading symbol and CUSIP Number are currently being researched. An announcement is expected shortly. PAYP provides traditional services such as business telephone lines (Centrex Services) and long distance reselling and leverages this platform to provide new revenue generating services, which include Voice Over Internet Protocol (VOIP) and FAX Over Internet Protocol (FOIP). PAYP under new regulations and technologies will provide in the future a seamless convergence of voice, data and video on the same network to its customers. This news release includes "forward-looking statements" that involve risks and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to produce and market products and/or services and other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. --30--es/ny* kw/ny CONTACT: Howard Bronson & Co., New York 212/867-6160 KEYWORD: INTERNATIONAL CANADA INDUSTRY KEYWORD: TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com

To: ajs who wrote (83)	6/29/1999 12:16:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 179

Plus this acquistion is good for both companies. here is CIXP's release. At least Bronson got the property sold so PAYP can now focus on moving forward and getting on small caps. CIXP Acquires Development Project KIRKLAND, Wash., Jun 29, 1999 (BUSINESS WIRE via COMTEX) -- ConstructionProducts International, Inc. (BBS: CIXP) announced today that it has signed a Letter of Intent to acquire a real estate development project in the Dominican Republic from PAY POP, INC. (BBS: PAYP). The project includes 24 completed condominium units, together with plans, development permits and licenses necessary to finalize completion of additional 96units. Additionally, CIXP will complete and operate on-site facilities, which include: (a) direct beach access; (b) two poolside bars; (c) on-site grocery and boutiques; (d) complete health spa; (e) full aquatic center; (f) one hundred twenty-five seat restaurant; (g) large individual storage lockers; (h) tennis courts; (i) eighty-five seat dining room; (j) casino; (k) two large private pools; (l) large beach front bar; and (m) on-site laundry facility. The purchase price is $4.4 million in cash and convertible debentures and closing documents are to be executed within ten days. CIXP is focused on being the millennium leader in the manufacture and sale of specialty construction technologies. CIXP is committed to producing and distributing its line of construction products targeting the infrastructure and rehabilitation industries worldwide. These products range from specialty grouts, construction chemicals and sealants as well as construction equipment, hardware commodities, and steel utility poles. CIXP's current development projects will have projected future cash flows of an estimated $45 to 50 million annually. These revenues include existing sales, properties, equipment and inventory sales. These projects include the Panama Canal Rehab; Theodore Waterway-Louisiana; Pudong Airport-China; and three Gorges Dam Project-China. Additionally, CIXP has entered into alliances with Symms Corp., Mobil Oil of China and Holman, Inc. CIXP has offices in Washington State, California, Panama and China. CIXP customers include global giants such as Dupont, Aksteel, US Steel, AKZO and Union Carbide. This news release includes "forward-looking statements" that involve risks and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to produce and market products and/or services and other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Jason Bator PIPER CAMBIE 800/680-4744