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To: BudLong who wrote (26813)	2/11/2000 9:52:00 AM
From: SSP	Respond to of 150070

TVCP - Talk Visual to Obtain $4 Million -CDN- in Prepaid Phone Card Sales in Acquisition of First Debit Corporation Business/Technology Editors MIAMI--(BUSINESS WIRE)--Feb. 11, 2000--(OTC-BB: TVCP). TALK VISUAL CORPORATION President and CEO Eugene Rosov announced today that the company has signed a Letter of Intent to acquire 100% of the outstanding stock of First Debit Corporation of Toronto Canada. First Debit Corporation (FDC) specialises in the production, distribution and sales of prepaid telephone cards in the major Canadian cities of Toronto and Montreal. The acquisition will involve a combination of cash and TVCP common stock. The common stock will be issued pursuant to the Securities and Exchange Commission Rule 144, which mandates a minimum one-year restriction on the sale of the securities. FDC, which has been in business for several years, has over 600 retail client locations to which it sells prepaid telephone cards. A wide range of cards are retailed to these clients' customers through well-placed locations in Montreal and Toronto. Gross revenues for the year ending December 31, 1999 were excess of four million dollars ($4,000,000) Canadian. Company Chairman Michael Zwebner stated "This new acquisition is another important step towards the company's stated goal of becoming a significant force in telecommunications, with a special emphasis on the sale of videocalling, pagers, air time, cellphones and prepaid telephone cards into business and expatriate markets. Because of the intimate relationship between prepaid card purchasers and videocalling - the `away from home' or expatriate users and the people they call all over the globe - we know that there is excellent crossover between phone cards sales and potential videocalling customer sales." Mr. Zwebner continued to explain that "...we at Talk Visual Corporation seek to acquire solid, well-run companies that have market presence, offer strong telecommunications products, are undergoing solid and reasonable growth, and operate within a well-established distribution and/or marketplace framework. With our help, this soon-to-be-acquired Canadian operation will seek to expand its market share, its geographical operating base and where remunerative - its product offerings." According to company President and CEO Eugene Rosov, TVCP "...expects to see meaningful revenue growth in the coming fiscal year. We plan to manage FDC for that growth. Furthermore, now that we will soon have a Canadian distribution channel with long-term relationships and presence in over 600 retail locations, it is our intention to utilize this market channel opportunity. Even as we are performing our due diligence, we're simultaneously planning how to send a variety of new high-margin products - such as pagers and cellular telephones - down the pipeline to these 600 locations." A list of the company's videocalling shops is at www.talkvisual.com. The site allows visitors to order the 4th edition of the company's impressive full-color newspaper. Talk Visual sells pagers at www.beeperforabuck.com, and will soon launch prepaid telephone sales from www.prepaidtelephones.com. Talk Visual Corporation (OTC-BB: TVCP) is a pioneer in the video teleconferencing industry. It is developing global 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. 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. --30--gk/bos* CONTACT: Talk Visual Corporation Janeth Vega, 305-572-0575