To: LANCE B who wrote (3973 ) 2/22/2000 11:32:00 AM From: LANCE B Respond to of 4792
TMXU- THIS IS JUST THE BEGINNING.... RUMOR I HAVE OF NEXT DEAL IS VERY HUGE... (hint)involves my favorite stock that got me into trading... (COMTEX) B: TMEX USA, Inc. Awarded $60 Million Contract From Clifton B: TMEX USA, Inc. Awarded $60 Million Contract From Clifton Digital Corp. NEWPORT BEACH, Calif., Feb 22, 2000 (BUSINESS WIRE) -- TMEX USA, Inc. (OTC BB: TMXU) Tuesday announced the signing of a contract with Clifton Digital Corp. to provide telecommunications service for a number of new prepaid calling card programs. The company reported that the retail value for the contract received is for $60 million a year, on a renewable basis. The contract calls for a minimum of $5 million per month in revenue. The ramp-up period to reach this goal is planned within six months. The distribution of the first program has already begun with the "MEXICO ADVANTAGE" card, a flat rate, no connection fee program to Mexico and the U.S. domestic market with extremely competitive rates. TMEX is in a unique position to offer this program due to its strategic alliance with a large Mexican concessionaire. "This contract with Clifton Digital Corp. is very significant for TMEX. We appreciate the opportunity to work in partnership with one of the premier distributors in this industry," stated TMEX USA Executive Vice President Michael Garone. "Clifton Digital will afford us the opportunity to effect immediate distribution into the leading retail outlets in the marketplace." "I believe that this joint venture between our companies makes Clifton Digital and TMEX USA a leading team in the debit card business," stated Aref Aref, chief executive officer, Clifton Digital Corp. The focus for the new programs by the companies is to segment the marketplace by achieving a unique leadership position for different cultural groups. This will be accomplished by TMEX's ability to provide a high-quality, low-cost ATM network, with the capacity to handle tremendous growth in its core Mexican market. TMEX also provides international termination worldwide through private networks and strategic contractual relationships and joint ventures, coupled with a competitive, high-quality domestic program. TMEX is a telecommunications company with headquarters in Newport Beach. It supplies international wholesale telephone, video, data, private networks, and Internet services via high-technology laser communication links. Safe Harbor Act Disclaimer: The statements contained in this release and statements that the company may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those in the forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: TMEX USA, Inc., Newport Beach Ray Taylor, 888/TMEX-USA or 949/863-9872 WEB PAGE: businesswire.com