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Technology Stocks : TLMD - Telemonde Inc - Next Generation Global Telco Winner -- Ignore unavailable to you. Want to Upgrade?

To: Investor Communications Co who wrote (22)	11/22/1999 10:21:00 AM
From: Investor Communications Co	Respond to of 25

Telemonde Inc. Announces Conditional Agreement To Purchase For US$160 Million 100% of the Outstanding Shares of Global Communications (Holdings) Limited NEW YORK-- Telemonde Inc. (OTCBB: TLMD) ("Telemonde") announced that it has entered into conditional agreement to purchase 100% of the issued and outstanding common shares of Global Communications (Holdings) Limited ("Global"), a UK-based holding company with Internet-based interests. The US$160 million (GBœ100 million) consideration will be a combination of cash, loan notes and common shares of Telemonde Inc. Global Communications (Holdings) Limited is an innovative (Cambridge) UK-based Internet company whose specialist services include secure e-commerce transaction processing, website development and hosting, a variety of telephony services and international promotion. Global's on-line secure e-commerce services are made available through its NetBanx subsidiary. Netbanx is the only transaction processor in the UK to have merchant facilities with seven card acquirers, including merchant outsourcing with Barclays Bank and National Westminster Bank. Netbanx has over 2000 merchants which, according to market research, represents over 50% of existing e-commerce-enabled sites in the UK. Since 1997, Global's Internet service provider, Hostnet, has provided a full range of Internet services including hosting packages, domain registration and specialist charity packages. Global has also developed an Internet dialer called PremiumNet, as an e-commerce solution to earn revenues on a per minute basis via telecom billing systems. Global's website construction company, Netsite Solutions develops both template and customized Webster packages. Global also has a specialist division that constructs, in conjunction with publishers and media groups, three-dimensional virtual reality interactive websites for high street branded products. Utilizing Global's group infrastructure, the group provides both domestic and international telephony services combining the use of its own international termination platforms with media promotion in some 20 countries worldwide. Global has established predictable revenue streams from Blue Chip telecoms companies and has subsidiary offices and call centers in Hong Kong, Chile, USA, Canada, Spain and Moscow. Global plans to expand its operations into a number of additional European countries in the coming months and will be establishing a European center for its activities there. Telemonde and Global intend to complete the transaction before 31 January 2000. Telemonde Inc. is a telecommunications business focused on building a global infrastructure network interconnecting the markets of the developed world with regional hubs in the developing world, enabling the latter's populations to participate fully in the global communications community. Over this platform the Company offers PTTs and other telecommunications operators managed bandwidth, voice and data services through its network of telehouses and switching infrastructure, as well as broadband and connectivity solutions for next generation Internet and multimedia companies. Telemonde is simultaneously building high margin businesses on its network through its offering of a portfolio of services, including: international traffic route management, prepaid card services, prepaid GSM, faxmail and voicemail. This is coupled with its development of e-commerce, Internet hosting and content provision, plus full ASP capability. Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ. ### Telemonde is quoted on the Over-the-Counter Electronic Bulletin Board under the symbol "TLMD." For Investor Information Contact: Investor Communications Co. 800 419-5211 and 800 419 5311 iccinfo.com Our 17b disclosure can be found at iccinfo.com.