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Technology Stocks : TELEFFICIENCY CORP. - (TTFC.OTC BB) -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ who wrote (136)	9/30/1999 9:45:00 AM
From: SusieQ	Respond to of 176

TTFC News this morning :) Thursday September 30, 8:30 am Eastern Time Company Press Release Telefficiency Holding Corporation - Thirty Million Dollar -- USD -- Acquisition Financing Facility MISSISSAUGA, Ontario, Canada--(BUSINESS WIRE)--Sept. 30, 1999--Telefficiency Holding Corporation (OTC BB:TTFC), today announced it is entered into an agreement with Cascade International Capital Corporation involving an acquisition financing package of up to thirty million dollars. The proceeds will be used to fund new market expansion, and make strategic acquisitions in markets that Telefficiency does not currently compete in. Cascade International Capital Corporation, headquarters in Fort Worth, Texas, provides corporate finance advisory services. John Tittle, Jr., President of Cascade states, ''We have substantial experience in arranging acquisition financing facilities for companies of Telefficiency's size. We are excited to be working with Telefficiency and the dynamic telecommunications market.'' ''This financing facility will allow us to accelerate our expansion into additional markets both in United States and Canada'', said Michael R. Brunet, President and CEO. ''We look forward to closing the acquisition facility during the first quarter of year 2000.'' Telefficiency is a leading North American telecom company that sells, installs and services business telecommunications systems primarily to the small to medium-sized business market and is an authorized distributor of Nortel Networks products. The Company's mission is to become the leader in the North American interconnect market by providing total communications solutions via state of the art systems and software. This release contains ''forward looking statements'' within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important facts that may cause actual results to differ (the ''Cautionary Statements'') include but are not necessarily limited to, political and economic stability of the countries in which the Company intends to operate, the availability of commercially viable projects in which the Company may participate, or the Company's ability to obtain adequate financing. All subsequent written and oral forward looking statements attributed to the Company or persons acting on its behalf regarding the subject matter hereof are expressly qualified in their entirety by the Cautionary Statements. -------------------------------------------------------------------------------- Contact: Telefficiency Holding Corporation William R. Clubine, 888/324-3030 or 416/324-3030 Susie