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Microcap & Penny Stocks : TVCP - Talk Visual Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Chris K. who wrote (33)	11/4/1999 4:08:00 PM
From: Chris K.	Respond to of 180

For those of you who may have missed the NR, here it is. (COMTEX) B: Private Share Purchase Announced by Talk Visual Corporati B: Private Share Purchase Announced by Talk Visual Corporation Chairman Michael Zwebner MIAMI, Nov 4, 1999 (BUSINESS WIRE) -- (OTC-BB: TVCP) TALK VISUAL CORPORATION's Chairman, Mr. Michael J. Zwebner, issued announced that the Company has been made aware of private negotiations to purchase, and to hold for investment, a substantial number of the shares that were previously issued to consultants and other shareholders. Mr. Zwebner said, "While I am disappointed that some of the consultants and other shareholders who received company shares have sold their shares in TVCP - at historic low prices - I am pleased that a private group has indicated its intention to purchase and hold up to one million dollars' worth of shares from these shareholders, and also to purchase additional shares in the open market." Commenting on the company's equity history, Mr. Zwebner stated that "the company's recently completed merger with Videocall International Corporation created total shareholdings in excess of twenty-four million (24,000,000) shares. Most of these shares became free-trading as a result of the S-4 filing. This private group of shareholders believes that its action will allow the share price to return to a value more reflective of the company's assets and ongoing business activities." Addressing the issues of business development and determination, Mr. Zwebner added that "millions of dollars have already been injected into this company - mainly by investors committed to the company's long-term growth. These investors include some current directors and officers. Without exception, all of us are determined to build this company. The company has made great strides in its growth, and continues to build and expand its operations on a global scale." Concerning the company's commitment to expansion by acquisition and videocall center development, Mr. Zwebner commented as follows: "At this time, the company operates over thirty (30) international Videocall Centers. The company is currently in negotiations to acquire other ongoing retail telecommunications operations in order to significantly expand its global presence. We intend to make certain that these acquisitions will contribute meaningful additional revenues, and add to the company's bottom line." A list of all of Talk Visual's videocalling shops is available on the company's website at www.talkvisual.com The site describes continuing international operations and also allows visitors to order a regular monthly mailing of the company's impressive full-color newspaper. The third edition of the newspaper is now available. Talk Visual Corporation (OTC-BB: TVCP) is a pioneer in the video teleconferencing and video e-mail industry. It is developing thousands of globally distributed retail facilities to accommodate the growing video-communications needs of two key market segments: businesses and expatriate ethnic populations. Talk Visual can be reached toll-free at 1-877-22VIDEO within the United States, or at 305 572-0575 from abroad. Except for historical information contained herein, the statements in this release (including without limitation, statements indicating that the company "expects," "estimates," "anticipates," or "believes" and all other statements concerning future financial results, product offerings or other events that have not yet occurred) are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Additional information on these and other factors are included in the company's Form 10-KSB for the Fiscal Year ended Dec. 31, 1998, as filed with the Securities and Exchange Commission. Copyright (C) 1999 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: Talk Visual Corporation Gina Maura 310 348-7263 WEB PAGE: businesswire.com GEOGRAPHY: FLORIDA MASSACHUSETTS INDUSTRY CODE: ENTERTAINMENT COMPUTERS/ELECTRONICS HARDWARE BANKING Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. * end of story *