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

To: flyintigress who wrote (175)	1/4/2000 9:27:00 AM
From: BlueCheap	Respond to of 189

RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--Jan. 4, 2000--MicroTel International Inc. (OTCBB: MCTL) ("MicroTel") Tuesday announced that Samuel J. Oliva, brother of MicroTel's chairman, president and chief executive officer, has purchased some of the preferred shares held by one of the original preferred shareholders in a private transaction. The Samuel J. Oliva Group was formed solely for the purpose of this purchase. The Group consists of family members including MicroTel's chairman. Samuel J. Oliva is manager and will exercise investment control over the preferred shares. He has agreed to a fixed conversion price and will hold the shares as preferred stock for long term investment. Commenting on the transaction, Samuel J.Oliva stated: "This purchase was made to establish confidence in and to attract larger institutional investors with long term investment objectives who could buy out two original investors who have been converting and selling their common shares into the public market." Randolph Foote, chief financial officer of MicroTel, stated that: "As part of the purchase by Mr. Oliva's Group all three original preferred shareholders have agreed to a fixed conversion price based upon the price formula in the original agreement at a certain point in time." "With this purchase completed, and the preferred stock now having a fixed conversion price, the company has simultaneously concluded the buyout of the remaining shares of the two selling shareholders by an institutional investor with a longer term investment perspective and we believe this should relieve the continuous selling pressure by our previous preferred shareholders." MicroTel International 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 press 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--EZ/np* JS/np CONTACT: MicroTel International, Inc., Rancho Cucamonga Randolph Foote, 909/297-2653 Web site: microtelinternational.com KEYWORD: CALIFORNIA GEORGIA INTERNATIONAL EUROPE ASIA PACIFIC INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com

To: flyintigress who wrote (175)	1/13/2000 9:40:00 AM
From: BlueCheap	Respond to of 189

MicroTel's CXR Telcom Subsidiary Announces Approval By AT&T MicroTel's CXR Telcom Subsidiary Announces Approval By AT&T To Produce Transmission Equipment For AT&T's Voice Mail Platforms Nationwide Business Editors and High-Tech Writers RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--Jan. 13, 2000-- First Year Revenue is Expected to Exceed $1 Million MicroTel International Inc. (OTC BB:MCTL) ("MicroTel") Thursday announced that its CXR Telcom subsidiary, located in Fremont, Calif., has again been approved by another major Telcom company to provide transmission equipment now for AT&T Voice Mail Platform projects nationwide. The projects standardize the deployment of the HUB architecture for AT&T Voice Mail Platforms so that it will ease the replication of it throughout the network. The Voice Mail system will be integrated into the major 5ESS and DMS Switches nationwide. CXR Telcom shipments will be to both Remote and HUB Central Office facilities for integration into AT&T's U.S. Regional infrastructure. CXR's Voice Mail equipment will be deployed in more than 50 cities in the United States. This major breakthrough with AT&T has potential revenue exceeding $1 million over the next year. Commenting on the business Bryan Fuller, President of CXR Telcom stated: "CXR's equipment solutions for customer voice mail system applications are based upon our full featured, high end, high reliability Anderson Jacobson branded Transmission product line which enjoys a large installed base throughout the United States and international market. CXR Telcom is well positioned to become the dominant supplier in this important market segment where voice mail services are increasingly being offered by the RBOC's, Long Distance Companies and Independent Voice Mail providers to the massive business market." Mehdy Mirin, Network Product Manager for CXR's Transmission equipment used in voice mail applications, billing systems and other products, stated: "Our Voice Mail System equipment solutions are presently standardized in several major RBOC's, independent voice mail providers and long distance carriers. We believe the same product features, demonstrated field reliability and engineering support services that allowed us to win the AT&T opportunity will likely result in the securing of far more business to come, thus expanding our leadership position." MicroTel International Inc. is a holding company for its three wholly owned subsidiaries -- CXR Telcom Corp. in Fremont; CXR, S.A. in Paris and XIT Corp. in Rancho Cucamonga. CXR Telcom Corp. and CXR, S.A. 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* JP/np CONTACT: MicroTel International Inc., Rancho Cucamonga Randolph Foote, 909/297-2653 Web site: microtelinternational.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com

To: flyintigress who wrote (175)	1/25/2000 9:21:00 AM
From: BlueCheap	Read Replies (1) \| Respond to of 189

(BUSINESS WIRE)--Jan. 25, 2000-- MicroTel International Inc. (OTCBB: MCTL) ("MicroTel") today announced Orbit II Partners, L.P. ("Orbit") and OTAF, LLC, an affiliate of Orbit has increased their beneficial ownership of MicroTel's common stock to an aggregate of 14% as of December 23, 1999. On December 23, 1999, Orbit purchased 34.5 shares of Convertible Preferred Stock and warrants to purchase 172,500 shares of common stock from existing MircoTel security holders. Orbit, like the Samuel J. Oliva Group, which simultaneously purchased 5 shares of the preferred stock and certain warrants, has agreed to a fixed conversion price on the shares of preferred stock. As of December 23, 1999, Orbit and its affiliate have beneficial ownership of 2,821,485 shares of MicroTel's common stock, including 1,743,285 shares of common stock issuable upon conversion of preferred stock and 322,500 shares of common stock issuable upon the exercise of warrants. Commenting on Orbit's position Carmine T. Oliva, Chairman and CEO stated, "Orbit is a proprietary options market maker trading firm with forty professionals 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 please that Orbit II has demonstrated such faith in MicroTel's future by increasing its position significantly." MicroTel International, Inc. is a holding company for its three wholly owned subsidiaries -- CXR Telcom Corporation in Fremont, CA, CXR, S.A. in Paris, France and Xcel Information Technologies Corporation (XIT) in Rancho Cucamonga, CA. CXR Telcom Corporation and CXR, S.A. design, manufacture and market electronic telecommunication test instruments, wireless and wireline voice, data and video transmission and networking equipment. XIT Corporation 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 U.S., France, England and Japan. The statements in this press 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--JS/np* CONTACT: MicroTel International, Inc. Randolph Foote, CFO, 909/297-2653 Web site: microtelinternational.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com