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Technology Stocks : VWLC - VOICE AND WIRELESS CORP -- Ignore unavailable to you. Want to Upgrade?


To: CJacks who wrote (55)8/6/1999 1:14:00 PM
From: NOHYPENOBULL  Read Replies (1) | Respond to of 175
 
NEWS IS OUT! 36% IS COMPLETE!

Friday August 6, 12:50 pm Eastern Time
Company Press Release
SOURCE: Kensington International Holding Corp.
Kensington Completes Phase Two of its Stock Acquisition of Mail Call, Inc., www.mailcall.net
MINNEAPOLIS, Aug. 6 /PRNewswire/ -- Kensington International Holding Corporation (OTC Bulletin Board: KNSC - news) and the internet company, Mail Call, Inc., of Miramar, Fla., announced today that Kensington had completed phase two of its stock purchase of Mail Call, Inc. Kensington now owns 36% of Mail Call, Inc. and is working on phase three of the acquisition, at the completion of which, Kensington should own over 50% of Mail Call, Inc.

Mail Call ( mailcall.net ) uses advanced text-to-speech technology to read e-mail over a telephone without a computer. The user may respond to the e-mails by selecting from one of four pre-written responses or send a personalized voice reply. The user may also fax a message to a designated fax machine from the phone.

Kensington also announced that its Annual Shareholders Meeting is scheduled for 10:00 a.m. CDT on Saturday, October 9, 1999. The meeting will be held at the Company's headquarters located in the Interchange Tower, 600 South Highway 169, Minneapolis, Minnesota 55426. The record date is August 10, 1999.

The preceding statements are made pursuant to the Private Securities Litigation Reform Act of 1995, as amended, in order for the Company and MAIL CALL, INC. to avail themselves of the ''safe harbor'' provisions of that Act, as amended. Certain statements in this release and the Company's and MAIL CALL, INC's financial projections that are not historical fact constitute ''forward-looking information.'' Such forward-looking information involves known and unknown risks, uncertainties and other factors, which may cause the actual results of the Company and MAIL CALL, INC. to be materially different from results expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but are not limited to: customer demand not meeting expectations; lack of consistent supply of hardware and software to service demand; lack of adequate distribution markets; the inability to generate enough cash to service operations; the loss of the right to resell or use others products; adverse economic conditions; intense competition; inadequate capital; unexpected costs; lower revenues and net income than expected; loss of customers; price increases; failure to obtain customers; the possible acquisition of a new business or products that do not perform as anticipated; inability to carry out marketing and sales plans; changes in interest rates; inflationary factors; inability to meet customer demand and other specific risks that may be alluded to in this press release or in other reports issued by the Company or MAIL CALL, INC.

SOURCE: Kensington International Holding Corp.

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