To: Due Diligence who wrote (13686 ) 11/9/1999 1:49:00 PM From: SSP Respond to of 150070
OAKLAND, Calif.--(BUSINESS WIRE)--Nov. 9, 1999--TotalAxcess.com, Inc. (OTC BB: TXCI; TXCIE) today reiterated that it is filing its 10-KSB with the Securities and Exchange Commission (SEC) this week, to be immediately followed by its first quarter 10-QSB filing. The Company also said that the "E" placed after its trading symbol last week will be removed within two business days of the 10-KSB filing. "With our newly expanded accounting department, we are looking forward to filing all future SEC statements on time so that the investment community can return its focus to our business operations," commented Joseph Monterosso, TotalAxcess.com chairman and president. TXCI also explained that, given the telecommunication sector's tremendous success during calendar 1999, the Company anticipates that its rapidly growing product offering will generate substantial results due to increasing consumer expectations for low-cost, value-added services such as those being deployed by TotalAxcess.com. "Building upon our established operations in the prepaid phone card sale market, where we have a number of exciting products and multi-million dollar contracts, we are continuing to expand our offering to capitalize upon high-growth sectors such as Internet telephony, wholesale switching and prepaid cellular services," added Monterosso. An Oakland-based telecommunications and Internet marketing company, TotalAxcess.com, Inc. specializes in all facets of switchless, wireless and pre-paid telecommunications. This includes one-plus long distance as well as both telephonic and Internet-based lottery participation. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. --30--AH/ch* CONTACT: TotalAxcess.com, Oakland John Steward, 510/286-8700 TotalAxcess.com, Inc.