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To: Francois Goelo who wrote (19240)	11/17/1999 9:50:00 PM
From: Dave Heibeck	Respond to of 52051

On TVCP tonight Talk Visual Announces Multi Million Dollar Acquisition; Company to Pay $3.5 Million in Cash and Stock for 49 Profitable Retail Locations MIAMI, Nov 17, 1999 (BUSINESS WIRE) -- (NASD OTC/BB symbol:TVCP) Company chairman Michael J. Zwebner announced this afternoon the signing of a Letter of Intent with MTS of Florida Inc., to purchase from them 49 profitable retail telephone calling and money transfer locations. Retail locations are located; 15 in New York, 23 in Greater Miami, one in Los Angeles, five in Puerto Rico, and five in the Dominican Republic. The current business has revenues in excess of eight million ($8,000,000) per annum, and is operating profitably. MTS of Florida is a privately held company. Michael J. Zwebner stated: "This acquisition is the first of several in the pipeline. This will create for Talk Visual instantaneous retail telecommunication locations in key ethnic marketplaces. This positioning will enable us to attain immediate Videocalling distribution into one of our key market segments. Already, under a separate agreement, we have successfully transformed five of these retail locations into telecommunication centers, complete with new Videocalling rooms and full global videocalling ability." Mr. Zwebner went on to state that: "These shops are all frequented by ethnic customers -- a vital segment of our key target markets. It will now be much easier to penetrate this market with its well established customer base." The company will also shortly announce definitive plans to market cellular telephones phones, pagers and prepaid telephone cards from these retail locations. This acquisition will now increase the company's number of retail locations to over 75 worldwide. Talk Visual is now featured with Wall Street Interviews, which has one of the largest and best-known Internet web sites for highlighting public corporations to the investment community. www.wallstreetinterview.com is the web site for Wall Street Interviews. Talk Visual Corporation (OTC BB:TVCP) is a pioneer in the video teleconferencing and video e-mail industry. It is continuing to develop 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. A list of all the company'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 fourth year end edition of the newspaper will shortly be available. 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.