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To: ANANT who wrote (29958)	8/24/1999 10:02:00 AM
From: ANANT	Respond to of 41369

Talk.com Names Arthur J. Marks to Company's Board of Directors TALK.O><AOL.N> Talk.com Names Arthur J. Marks to Company's Board of Directors RESTON, Va., Aug. 24 /PRNewswire/ -- Talk.com (Nasdaq: TALK), the leader in leveraging the power of the Internet to bill, service and market telecom services to its rapidly growing base of customers, today announced that it has named Arthur J. Marks, a General Partner of the national venture capital firm of New Enterprise Associates, to the company's Board of Directors. New Enterprise Associates manages over $1.6 billion and has had over 115 companies in its portfolio go public. Recent IPOs include Juniper, Healtheon, Gadzoox Networks, pcOrder.com, Carrier Access and Career Builder. In making today's announcement, Gabe Battista, Chairman and Chief Executive Officer Talk.com stated, "Art brings a winning track record in both the telecom and Internet industries to our board. His wealth of experience and understanding of the critical success factors of our business will add value to Talk.com. We look forward to benefiting from his energy, contacts and deep understanding of the high-tech marketplace." Mr. Marks' background in information technology includes nine years with General Electric, where he served as President of the Software Products Operation at GE Information Services and General Manager of the X-Ray Products Department of GE Medical Systems. He is currently President of the Mid- Atlantic Venture Association. Boards of Directors on which he serves include Call Technologies, ConsumerClub.com, IndusRiver Networks, Integrated Chipware, Object Design, Epicor Software, Progress Software, Sitara Networks, Tantivy Communications, Trilogy Development Group and YAFO. Commented Mr. Marks, "Talk.com is an exciting, high-growth e-commerce company. It is extremely well positioned as an innovator by virtue of its powerful e-commerce model. In addition, Talk.com has numerous opportunities to leverage its Internet sales and marketing capabilities by expanding its product offerings and establishing additional channels beyond its excellent partnership with America Online." Mr. Marks received a Masters in Business Administration with high distinction (Baker Scholar) from the Harvard University Graduate School of Business and a Bachelor of Science in Industrial Engineering from the University of Michigan. About Talk.com Talk.com is the industry leader in telecommunications that uniquely taps the reach and efficiency of the Internet to market its telecom services and to support its customers. Monthly phone costs are billed automatically via credit card, and billing records are available online in "real-time," allowing consumer and business users to closely monitor telecom charges and transform their phone bills into personal online phone directories. The company has more than 1.2 million active online accounts and has established an industry- leading efficiency rating as measured by revenues per employee of $1 million. In August of this year, Talk.com was ranked second in customer satisfaction by J.D. Power and Associates, the global leader in quality and satisfaction measurements. Talk.com broke new ground when it signed its marketing agreement with America Online (NYSE: AOL) and further established its leadership position through marketing partnerships with other prominent entities, including Prodigy, Wired Digital and Compuserve. The company is further differentiated by its high-end Lucent-switched telephone network, user-friendly interface, proprietary online billing system and convenient service -- all provided with among the lowest consumer long- distance rates in the country: five cents per minute for the first month, and nine cents per minute thereafter for all domestic calls. The company is led by Chairman and Chief Executive Officer, Gabe Battista, who formerly headed the Internet domain registration leader, Network Solutions and, the prominent long distance provider, Cable & Wireless USA. For further information, please visit the company online at: www.Talk.com. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Talk.com's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward- looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. SOURCE Talk.com