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Technology Stocks : FRANKLIN TELECOM (FCM) -- Ignore unavailable to you. Want to Upgrade?

To: David Colvin who wrote (2232)	10/1/1999 12:42:00 PM
From: LowtherAcademy	Read Replies (1) \| Respond to of 2891

DC. Thanks for the link on the NR. I got real excited for a few minutes....thought about buying some USAT. But, I really didn't understand the NR, so think I'll sit on the side lines until a few things become clear. Perhaps some one here can shed some illumination on a couple of points in the NR. My first point of confusion: Is FCM the major equipment mfgr that is going to extend a 40 million line of credit? My second point of confusion: This is dependent on a third party lending them(USAT) the money? Good luck to all that jump on this one. Seems like the sky is the limit. Seems too good to be true. Lew October 01, 1999 07:16 USATalks.com, Inc. (USAT) Announces $40,000,000 Financing With Leading Telecommunications Equipment Manufacturer LA JOLLA, Calif., Oct. 1 /PRNewswire/ -- USATalks.com, Inc., (OTC: USAT) today announced that it has entered into a long-term financing arrangement with a major telecommunications equipment manufacturer to provide a $40,000,000 line of credit under a three-year equipment leasing facility. This will enable USATalks to immediately acquire the equipment needed to complete USATalks' U.S. network expansion. Stephen Storey, President of USATalks, said, "The financing arrangement will facilitate rapid expansion of USATalks' private domestic network over which we provide voice-over-intranet telephony services in the continental U.S." He added, "This arrangement is subject to USATalks closing a transaction which will raise additional capital." Headquartered in San Diego, USATalks is building the first private national VOIP telephone network to offer its customers unlimited long distance telephone service at a flat monthly fee. USATalks offers an "all-you-can- talk," telephone-to-telephone long distance service using Internet Protocol (IP) with a variety of service and pricing plans from $25 to $90 per month. USATalks' service is designed to meet the long distance needs of both residential and business customers. Commercial products for regional and national accounts will be offered. This press release contains forward-looking statements relating to future operating information and their impact on future results. Actual results could differ materially from those projected in forward-looking statements as a result of risk factors such as market conditions, product life cycles, customer delays in purchasing products, technology shifts, potential difficulties in introducing new products, competition, price sensitivity, and the uncertain market acceptance of the Company's products by distributors, retailers and customers. For more information, contact USATalks.com, Inc. at 858-638-9485. To sign up for service call toll free 877 295 0400 or visit the Company's web site usatalks.com. SOURCE USATalks.com, Inc. /CONTACT: Patricia Youngquist, Vice President Corporate Communications of USATalks.com, Inc., 858-638-9485/ /Web site: usatalks.com