To: SCOOBEY-DO who wrote (99 ) 4/6/2000 9:14:00 AM From: SCOOBEY-DO Read Replies (1) | Respond to of 180
Talk Visual Signs $75,000,000 Engagement Letter With Major Investment Banking Firm MIAMI--(BUSINESS WIRE)--April 6, 2000--Talk Visual Corporation (OTC-BB: TVCP) announced today that it has signed an engagement letter with a major investment banking firm to act as its exclusive agent to provide up to $75,000,000 of financing through the placement of the Company's common stock. The financing will be on a best-efforts basis, and proceeds will be used to execute the Company's business plan. The financing will be subject to an SEC registration which the Company intends to file promptly. About Talk Visual Corp 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. A list of Talk Visual'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 beeperforabuck.com , and will soon launch prepaid telephone sales from prepaidtelephones.com . Information on the new Talk Visual TV225 Video-Telephone can be seen on thevideotelephone.com . In addition, visitors are directed to visit the company's home page at talkvisual.com and click on the FAQ section, and or to read the Chairman's Corner latest weekly message. 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. This release does not constitute an offer to sell securities. CONTACT: Talk Visual Corporation Janeth Iglesias-Vega, 305 572-0575 Info@TalkVisual.com