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To: Wayne Rumball who wrote (7387)	6/19/2000 12:20:00 PM
From: Wayne Rumball	Respond to of 11130

HOUSTON, Mar 23, 2000 /PRNewswire via COMTEX/ -- Equalnet Communications Corp. (OTC Bulletin Board: ENET) announced today that it has completed its previously announced acquisition of ATCALL, Inc. Total consideration was the assumption of approximately $2.7 million of secured debt and the issuance of 365,044 shares of restricted Equalnet common stock. "Our experience in previous acquisitions should permit us to seamlessly integrate the ATCALL operations into our own and achieve meaningful overhead reductions," commented Mark Willis, Equalnet's Chairman. Mitchell H. Bodian, Equalnet's President and CEO added, "We continue to review additional acquisition opportunities in various telecommunications niches and hope to make a number of additional acquisitions in the near future." EqualNet is a nationwide supplier of telecommunications services headquartered in Houston, Texas. The Company provides a comprehensive array of discounted long-distance and other telecommunications services. This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934. Although Equalnet believes its expectations are based on reasonable assumptions it can give no assurance such assumptions will materialize. These statements are based on current expectations subject to risks and uncertainties. Actual results will vary because of factors such as customer attrition, increased price competition, litigation, and other issues discussed in the Company's Form 10-K and other filings of the Company with the S.E.C. SOURCE Equalnet Communications Corp.