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Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?

To: Tom Allinder who wrote (2772)	1/12/2000 1:31:00 PM
From: LANCE B	Read Replies (2) \| Respond to of 4792

BGOC-NOTICED VOLUME SO I FOLLOWED IN ON NEWS AT .54 (COMTEX) B: BGOC FINALIZES ACQUISITION OF INTEREST IN MEXICAN TELCOM B: BGOC FINALIZES ACQUISITION OF INTEREST IN MEXICAN TELCOM CONTRACT CISCO, Texas, Jan 12, 2000 /PRNewswire via COMTEX/ -- Black Giant Oil Company (OTC Bulletin Board: BGOC) is pleased to confirm the successful acquisition of a one-third (33%) interest in the Global Access/TelMex contract through the expansion of its previous agreement with BroadBand Wireless Communication Corporation of Oklahoma City. Global Access (BWI) Ltd., domiciled in Washington, D.C., is engaged in providing international long distance services through a Virtual Private Network for customers in the United States, Mexico and beyond. The newly acquired contractual interest conveys to Black Giant (BGOC) a one-third profit sharing participation in the twenty-eight million (28, 000,000) minutes per month contract in force by and between Global Access and TelMex, of Mexico City. The contract is for a term of two years with an effective conveyance date of January 5, 2000. A full monthly subscription of twenty-eight million (28,000,000) contractual minutes would generate gross revenues of $140,000 per month for BGOC's one-third interest. Actual minutes subscribed under the contract could be less than the full contractual amount and any expenses including taxes would be subtracted from gross revenues. (COMTEX) B: BGOC FINALIZES ACQUISITION OF INTEREST IN MEXICAN TELCOM B: BGOC FINALIZES ACQUISITION OF INTEREST IN MEXICAN TELCOM CONTRACT CISCO, Texas, Jan 12, 2000 /PRNewswire via COMTEX/ -- Black Giant Oil Company (OTC Bulletin Board: BGOC) is pleased to confirm the successful acquisition of a one-third (33%) interest in the Global Access/TelMex contract through the expansion of its previous agreement with BroadBand Wireless Communication Corporation of Oklahoma City. Global Access (BWI) Ltd., domiciled in Washington, D.C., is engaged in providing international long distance services through a Virtual Private Network for customers in the United States, Mexico and beyond. The newly acquired contractual interest conveys to Black Giant (BGOC) a one-third profit sharing participation in the twenty-eight million (28, 000,000) minutes per month contract in force by and between Global Access and TelMex, of Mexico City. The contract is for a term of two years with an effective conveyance date of January 5, 2000. A full monthly subscription of twenty-eight million (28,000,000) contractual minutes would generate gross revenues of $140,000 per month for BGOC's one-third interest. Actual minutes subscribed under the contract could be less than the full contractual amount and any expenses including taxes would be subtracted from gross revenues. BroadBand Wireless Communications Corporation continues to negotiate additional international telecom contracts for the benefit of BGOC with Global Access and other non-related and non-affiliated parties. As BGOC continues to change the focus of its operations to telecommunications and wireless interest related services, management confirms its previously announced intention to change the corporate name to BroadBand Wireless Communications Corporation at the next shareholder meeting. This news release includes forward-looking statements that involve risks and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially, due to a variety of factors including, without limitation, the Company's ability to produce and market products and/or services and other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. For additional information call Ivan Webb: (254) 442 3968 (phone); (254) 442 3843 (fax). SOURCE Black Giant Oil Company (C) 2000 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Ivan Webb of Black Giant Oil Company, 254-442-3968, or fax, 254-442-3843 (BGOC) GEOGRAPHY: Texas Oklahoma District of Columbia Mexico INDUSTRY CODE: TLS SUBJECT CODE: CON OTC * end of story *