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Microcap & Penny Stocks : Microtel, benefitting from the Telecom Bill -- Ignore unavailable to you. Want to Upgrade?

To: flyintigress who wrote (151)	11/4/1999 8:29:00 PM
From: GARY P GROBBEL	Read Replies (2) \| Respond to of 189

FT...events are moving our way I think...next week should be a good one for the stock..gpg

To: flyintigress who wrote (151)	11/10/1999 9:26:00 AM
From: BlueCheap	Read Replies (1) \| Respond to of 189

MicroTel Announces Orbit II Partners L.P. and Its Affiliate MicroTel Announces Orbit II Partners L.P. and Its Affiliate Have Accumulated a 5.4% Beneficial Ownership Interest in the Common Stock of Microtel Business Editors and High-Tech Writers RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--Nov. 10, 1999--MicroTel International Inc. (OTC BB:MCTL) ("MicroTel") Wednesday announced that Orbit II Partners, L.P. ("Orbit"), at 2 Rector Street, New York, New York had accumulated as of Oct. 21, 1999, 781,000 shares of MicroTel's common stock through open market purchases and OTAF LLC, an affiliate of Orbit, had been granted warrants to purchase 150,000 shares of MicroTel's common stock in connection with a subordinated loan made by OTAF LLC to MicroTel in December 1998. The shares of common stock owned by Orbit and the warrants owned by OTAF represent, in the aggregate, a 5.4% beneficial ownership interest in MicroTel's common stock as of Oct. 21, 1999. Commenting on Orbit's position Carmine T. Oliva, chairman and chief executive officer stated "Orbit is a proprietary options market maker trading firm conducting business on the floor of The American Stock Exchange (NY), The Chicago Board Options Exchange, The Pacific Exchange (San Francisco) and The Philadelphia Stock Exchange. We are very pleased that Orbit has shown such faith in MicroTel's future by taking this position, which makes them our largest institutional share holder." MicroTel International Inc. is a holding company for its three wholly owned subsidiaries -- CXR Telcom Corp. in Fremont, Calif.; CXR, S.A. in Paris and XIT Corp. in Rancho Cucamonga and its 37% owned affiliate company Digital Transmission Systems Inc. located near Atlanta. CXR Telcom Corp., CXR, S.A. and Digital Transmission Systems design, manufacture and market electronic telecommunication test instruments, wireless and wireline voice, data and video transmission and networking equipment. XIT Corp. designs, manufactures and markets information technology products, including input and display components, subsystem assemblies and power supplies. The company operates out of facilities in the United States, France, England and Japan. The statements in this news release relating to matters that are not historical are forward-looking statements which involve risks and uncertainties including, without limitation, economic and competitive conditions in the markets served by the company affecting the demand for the company's products, product pricing, market acceptance, access to distribution channels and other risks detailed from time to time in the company's Securities and Exchange Commission filings. These risks could cause actual results to differ materially from those anticipated or described herein. --30--JC/np* JS/np CONTACT: MicroTel International Inc. Randolph Foote, 909/297-2653 Web site: microtelinternational.com KEYWORD: CALIFORNIA NEW YORK INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING HARDWARE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com