To: Jim Bishop who wrote (38920 ) 3/23/2000 12:36:00 PM From: Jim Bishop Read Replies (1) | Respond to of 150070
TRIT news :-)))) Triden Telecom, Inc. and Total Telecommunications Partners LLC. Sign Letter of Intent Business Editors TYLER, Texas--(BUSINESS WIRE)--March 23, 2000--Robert S. Hardy, CEO of Triden Telecom (OTCBB:TRIT), announced today that Chicago-based Total Telecommunications Partners LLC and Triden Telecom signed a letter of intent on March 22, 2000 for the merger of Total Telecommunications Partners LLC. into a new subsidiary of Triden in a tax-free, stock-for-stock exchange. The letter of intent sets forth the basic terms pursuant to which Triden Telecom would acquire Total Telecommunications through a stock purchase agreement whereby a newly formed subsidiary of Triden will acquire 100% of Total Telecommunications (including all options, warrants, etc., and any shares issued upon the exercise of any options, warrants, etc.) for 25% of the newly formed Triden subsidiary. Total Communications Partners LLC. is a telecommunications management company with agreements in place to provide services to the property portfolio of U.S. Realtel Co. NASDAQ (USRT - OTC) using the technology of Sphere Communications Inc. (www.spherecom.com) Mr. Hardy stated additional information will be made upon the closing of the letter on intent, expected within 90 days. In addition, Mr. Hardy further stated that management is engaged in ongoing negotiations involving possible additional mergers and/or acquisitions for Triden to bring further value to shareholders and the combined companies. This information herein contains forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which reflect the views of TRIT and the proposed new members of management with respect to the future events. These forward-looking statements are subject to certain uncertainties and other factors that could cause actual results to differ materially from such statements. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as the date the statement, was made. There can be no assurance that the forward-looking information contained herein will in fact transpire. --30--jlm/in* CONTACT: Triden Telecom, Inc. Robert S. Hardy, CEO 903/581-2040 Email: triden@iamerica.net KEYWORD: TEXAS 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 *** end of story ***