To: Chuca Marsh who wrote (4081 ) 7/9/1999 9:43:00 AM From: David Sirk Respond to of 4828
GET in or be thin!! riday July 9, 9:00 am Eastern Time Company Press Release SHCC Launches Foreign Agent Banner Program to Sell Prepaid Long Distance Pin Numbers over the Internet Web Site Grand Opening Set for Mid-August KIRKLAND, Wash.--(BUSINESS WIRE)--July 9, 1999--Saratoga Telecom Corp, a wholly-owned subsidiary of Saratoga International Holdings Corp. (OTC BB:SHCC) announced today that its prepaid International long distance Web Site will be unveiled by August 15, 1999. The Web Site is designed to give instant access to foreign nationals wishing to place phone calls outside their respective countries, at discount pricing! The Site will eventually be in many languages around the world as the foreign target markets expand. The Company's marketing strategy is based on selling prepaid long distance via the Internet at great savings to customers in countries who call out of their area to the U.S. and other areas across the globe, (over $7 billion annual revenue), and who are currently paying relatively high tariffs imposed by the country's government regulated service providers. The company's marketing strategy has been set into motion establishing a network of ''Web Site'' agents directing potential customers back to Saratoga Telecom's (Talk Cheap) prepaid long distance pin number Web Site. The initial target markets are seven countries including Barbados, Brazil, Chile, Colombia, the Dominican Republic, Mexico and Venezuela. ''Once we have validated the revenue potential in the initial seven countries targeted, we plan to rapidly expand the ''Web Site'' sales agent network to the 44 other countries our backbone provider has access from,'' reported Tom Morsey, President and Chief Operating Officer of the company's Internet telecom business. The Company has established offices in Aventura, Florida and has added new high level technical support including other personnel to implement its telecom-operating plan. SHCC's recently announced corporate restructuring included a change in the focus of its growth by acquisition (''Roll-up'') business development plan. The Company's current growth efforts are principally targeted at opportunities presented by the e-commerce industry. Patrick F. Charles, Chairman and CEO of SHCC commented, ''We are extremely pleased with Mr. Morsey's progress since the recent closing of the telecom acquisition and continue to be excited about the prospect for growth and the opportunity for corporate visibility in the explosive global e-commerce industry.'' 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 e-mail: pmrandco@aol.com or SHCC, 888/878-9683.