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To: CBurnett who wrote (152)9/5/1999 6:50:00 PM
From: stu fabian  Respond to of 210
 
To all FWIW...received this from marketreporter.com today
MarketReporter.com - marketreporter.com

DUE DILIGENCE REPORT

Saratoga International Holdings Corp. (SHCC)

Saratoga is paving the way for upcoming Internet telephony opportunities
through partnerships with industry leaders.

By offering phone-to-phone, PC-to-phone and PC-to-PC communications
access, Saratoga seeks to establish itself as a brand name
affordable source for personal and business communications needs in
overpriced second and third world markets.

Websites:

talkischeapcard.com

saratogaholdings.com

News Releases:

09-03 Saratoga International Holdings, Corp. Unveiled Its Corporate
Strategy of Concentrating Its Energies and Resources to the
E-commerce Business

newsalert.com

08-19 Saratoga Telecom to Distribute Internet Communications Leader
MediaRing's Voice Communications Technology (BW)

newsalert.com

08-17 Saratoga Telecom Signs Agreement with Cable & Wireless USA to
Market Domestic/International Pre-paid Long Dista (BW)

newsalert.com

Unofficial:
SHAREHOLDER RELEASE RE QWEST:

TO ALL INTERESTED PARTIES SARATOGA HOLDINGS HAS BEEN AUTHORIZED BY OUR
TELECOMMUNICATIONS PARTNER
QWEST COMMUNICATIONS (nasdaq "QWST") TO ISSUE THE FOLLOWING STATEMENT
STATEMENT.

SARATOGA INTERNATIONAL HOLDINGS, CORP.
KIRKLAND, WA 98033 888-878-9683
(OTC BB SHCC)
August 3, 1999

Shareholders and perspective shareholders
Saratoga International Holdings, Corp.

Over the past several weeks we have been asked by many of you about our
"contract" with Qwest and just when it would be officially announced.
Below are the details of this contract. Qwest has requested that we not
publish this information on the business wire at this time. We are very
excited about working with Qwest and as you will see they are very
supportive of our direction.

Thank you for your continued support. Please call Pat Rost at 760-942-0015
or me at 888-878-9683 with any questions.

Sincerely,

Patrick F. Charles
Chairman and CEO

Saratoga International Holdings Signs Distribution Agreement with Qwest
Services, Inc. to Market Pre-paid Long Distance Via Internet

Saratoga Telecom Division to Pursue $100 Million Central and South
American Pre-paid Long Distance Markets

KIRKLAND WA---Saratoga International Holdings Corporation (OTC BB: SHCC
- news), has entered into an agreement with Qwest
Services, Inc., a division of Qwest Communications International, Inc.
(Nasdaq: QWST news), to market and sell pre-paid long distance
pin numbers over the Internet in Central and South America.

The pre-paid long distance distribution agreement will allow Saratoga
Telecom, Inc., a wholly owned subsidiary of Saratoga
International, access to Qwest's telecommunications backbone for the
purpose of penetrating the extremely lucrative Central and South
American pre-paid long distance markets. Additionally, Qwest will extend a
line of credit to Saratoga Telecom and grant Saratoga the
right to use Qwest's proprietary Internet sales support software.
Saratoga Telecom has developed a unique method of retailing pre-paid long
distance via the Internet, selling pin numbers to customers
outside the U.S. The pre-paid virtual calling card will allow the owner to
make international calls for considerably less than charges
levied by their local service providers.

In preparation for Saratoga Telecom's anticipated "Talk is Cheap?"
Internet sales launch on August 15th, 1999, Saratoga is completing
upgrades to its server and transmission infrastructure. These upgrades
will accommodate the expected rapid growth in pre-paid
revenues resulting from Saratoga's aggressive entry into the foreign
pre-paid long distance market. Tom Morsey, President and Chief Operating
Officer of Saratoga Telecom, expects a fluid transition to pre-paid
purchases over the Net. "The number of Internet purchases of goods and
services is growing at an ever-increasing rate. We are simply taking a
widely accepted method of purchasing 'talk time' and making it affordable
and available on-line, all of the time. Our Web site will be functionally
linked to Qwest's backbone, providing all of their features and
reliability."

Mr. Morsey concluded, "We will strive to build a significant presence in
one market before moving on to another, so as to establish the brand name
credibility necessary to quickly roll out each new level of technology and
service." Mark Welton , Vice President of
Enhanced Services for Qwest Communications said, "Qwest's distribution
agreement with Saratoga Telecom should provide the back-office
infrastructure and service necessary for their success."

Stu