To: Charles Broderick who wrote (1154 ) 7/28/1999 11:11:00 AM From: 2MAR$ Respond to of 1184
(BSNS WIRE) Teltran Applies for American Stock Exchange Listing Teltran Applies for American Stock Exchange Listing Business Editors NEW YORK--(BUSINESS WIRE)--July 28, 1999--Teltran International (OTC BB:TLTG) today announced that it has formally applied for listing on the American Stock Exchange. In response to its application, Teltran has already received a letter of comment from the AMEX and looks forward to being listed on the Exchange in the very near future. "We see the AMEX listing as a major step in the enhancement of shareholder value as well as being the first step leading to additional listings in major international markets where Teltran has or will establish a business presence," said Byron R. Lerner, Teltran's President & CEO. Lerner continued, "After careful consideration we felt that the American Stock Exchange (an auction market like the NYSE where specialists match public orders) offered Teltran the type of environment best suited to implement the goals of the company. A stable and orderly marketplace is extremely important to the future growth of Teltran and we believe that our AMEX listing will provide the perfect springboard for Teltran's emergence into the 21st Century." Teltran has chosen AGS Specialist Partners as its specialist on the American Stock Exchange. AGS is one of the largest and most prestigious specialist firms on the Exchange. About Teltran Licensed by the FCC as a global facilities-based common carrier, Teltran offers a full range of telecommunications and Internet services including Voice over IP, domestic and international long distance, Web Portal and Hosting, fax broadcast services and calling card programs. Disclaimer Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may differ materially from actual future events or results. The future performance of the Company involves risks and uncertainties that could cause actual results to differ markedly from those anticipated by such forward-looking statements. Such risks include but are not limited to the following: a limited operating history for the Company; potential fluctuations in operating results; competition; pricing pressure; dependence on third-party suppliers of hardware and software; shortage of modems; dependence on telecommunications carriers; management of growth; limited market; a need for and risks of international expansion; the existence of a new and uncertain market; customer retention issues; rapid technological change; security risks; the risk of system failure; formal licensing and joint marketing agreements; patents and proprietary rights; infringement claims; changes in government regulation; risks associated with providing content including potential liability; dependence on key personnel and need to hire additional qualified personnel; uncertainty of currency exchange rates; need for additional capital; and enforceability of civil liabilities. --30--law/mi* CONTACT: Teltran International, New York Darrell Lerner, 888/TELTRAN Email: investorrelations@teltran.com Homepage: www.teltran.com KEYWORD: NEW YORK INDUSTRY KEYWORD: COMED INTERACTIVE/MULTIMEDIA/INTERNET TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com