To: John Tinsley who wrote (149 ) 9/3/1999 10:24:00 AM From: John Tinsley Read Replies (1) | Respond to of 210
SHCC news. Boring stuff but possibly a set-up for something else??? ( BW)(WA-SARATOGA-INTL)(SHCC) Saratoga International Holdings, Corp. Unveiled Its Corporate Strategy of Concentrating Its Energies and Resources to the E-commerce Business Business Editors, High-Tech Writers KIRKLAND, Wash.--(BUSINESS WIRE)--Sept. 3, 1999--Saratoga International Holdings, Corp. (OTC BB:SHCC) announced today that it will concentrate its resources and energies to developing successful e-commerce operations. The company's wholly-owned subsidiary, Saratoga Telecom of Aventura, Florida, is positioned to become a major player in the marketing of telephonic pre-paid long distance services via the Internet. SHCC was drawn to the Internet Telephone industry because of the market's size and explosive growth potential. A recent Frost and Sullivan report estimates that revenues in the pre-paid long distance arena will top $9.38 billion by the year 2001. The business segment of this industry is forecasted to be in excess of $1.82 billion by 2001. It is in the Saratoga plan to be a major international supplier of pre-paid long distance service to businesses overseas. The Saratoga Telecom Web site will be fully operational early in September. The TalkisCheapCard Web site will give international customers of Saratoga instant access to the company's products and services. This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. --30--RYG/se* CONTACT: PMR and Associates Patrick Rost, 760/942-0015 pmrandco@aol.com or SHCC, 888/878-9683