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Technology Stocks : Clariti Telecom. Int'l Paging patent for FM radio! -- Ignore unavailable to you. Want to Upgrade?

To: JanyBlueEyes who wrote (33)	10/12/1999 10:12:00 AM
From: JanyBlueEyes	Read Replies (1) \| Respond to of 61

News - European Strategy Restructured Clariti Telecommunications International Ltd. Restructures Its European Strategy PHILADELPHIA, Oct 12, 1999 (BUSINESS WIRE) -- Clariti Telecommunications International, Ltd. (OTC: CLRI) ("Clariti") today announced that its subsidiaries, GlobalFirst Holdings Ltd. ("GlobalFirst") and Mediatel Global Communications Ltd. ("Mediatel") and their respective subsidiaries yesterday filed for voluntary liquidation in the United Kingdom. Global First and Mediatel provided international long distance and calling card prepaid services in the United Kingdom and France. The decision of Global First, Mediatel and their respective subsidiaries to voluntarily liquidate has been made with great reluctance given the hard work and dedication of their staff to reach profitability. Joseph Smith, Clariti's Executive Vice President of Operations stated, "The recent year has been a difficult one for the international long distance telephony industry particularly given the fierce competition for long distance traffic revenue and the continuing shrinkage of profit margins. We believe that shareholder value is best served by developing a European strategy, which is in accord with Clariti's proven strengths of expanding its global IP network and accelerating the commercialization of its proprietary wireless technology, enabling Clariti to provide data, voice and messaging solutions to the international telecommunications market." About Clariti Telecommunications Clariti Telecommunications International, Ltd. is a diversified international telecommunications company headquartered in Philadelphia..... More information on Clariti and its products and services can be found on the World Wide Web at clariti.com. Special Note Regarding Forward-Looking Statements....