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To: Jim Bishop who wrote (52281)	6/23/2000 10:03:00 AM
From: allii	Read Replies (1) \| Respond to of 150070

CCAA... June 23, 2000 10:00 Cala Corporation Announces the Arrival of Panioteca Modaferri Jump to first matched term OKLAHOMA CITY, June 23 /PRNewswire/ -- Joseph Cala, Chairman and CEO of Cala Corporation (OTCBB: CCAA) today announced that the Company is pursuing franchises for its Panioteca Modaferri Bakery/Cafe concept. The first franchise has been accepted in Italy by Cala Corporation and up to ten others are currently slated for development. The Panioteca Modaferri Bakery/Cafe will feature the unique "farina" flour formulation produced by the famed San Giuseppe Mills. The "farina" flour formulation is a blend of the highest quality grains from Argentina, Canada, and The United States. The San Giuseppe Mills, located in the area of San Cataldo, Italy, has operated continuously for over fifty years. Panioteca Modaferri will use this specially crafted "farina" to make exquisite bakery goods. These products will be sold in Old World, barrista type cafe settings, designed by the prestigious Italian design firm 3G Arredamenti, also of San Cataldo, Italy. The elegant interiors will mirror similar operations found in Italy and throughout Europe. Mr. Cala stated that the Panioteca Modaferri Bakery/Cafe represents an exciting franchise expansion vehicle for Cala Corporation both in Italy and The United States. Franchisees in Italy are able to apply for equipment loan guarantees through Italian "sabatini" laws. These laws make special provision for companies that utilize equipment manufactured in Italy. A preview of Panioteca Modaferri's interior design can be viewed at the Cala Corporation website, at www.calacorporation.com . The office of Geometra Vicenzo Cala will be responsible for overseeing architectural, electrical, and mechanical design for the prototype of Panioteca Modaferri. About Cala Corporation Cala Corporation is a developer of international hospitality businesses with a corporate emphasis on the ownership, operation and management of hotels, resorts and casinos. Cala Corporation is currently developing the Undersea Resort and Hotel project with proposed locations throughout the world. The information in this news release includes certain forward-looking statements as defined in the "Safe Harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based upon assumptions that are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any of its forward-looking statements will prove to be correct. This press release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. For further information on Cala Corporation, 405-235-4960, or email, info@calacorporation.com . SOURCE Cala Corporation /CONTACT: Cala Corporation, 405-235-4960, or info@calacorporation.com/

To: Jim Bishop who wrote (52281)	6/23/2000 10:30:00 AM
From: Tom Allinder	Read Replies (2) \| Respond to of 150070

New York, New York, Jun. 23, 2000 (Market News Publishing via COMTEX) -- VoIP Telecom, Inc. ("VOPT") has announced the acceptance of its registration by Moody's Investors Service in New York. "On behalf of our Board, I am very pleased to confirm that the Company's filing was approved today by Moody's. VoIP Telecom will appear in that prestigious company's forthcoming manual, scheduled for publication on June 30, 2000," stated President A. (Sandy) Anderson. "Being included in Moody's is a very welcome signal, one that bodes well for our shareholders in terms of the attraction which VoIP Telecom's securities can now represent to a broader base of investors than before across the United States," he said. About VoIP Telecom Inc. VoIP Telecom Inc. is a next generation digital telecommunications company focused on the deployment of worldwide digital, voice as well as data communications via fiber optic, Internet circuit (VoIP), satellite and public switched telephone networks. The company's strategic vision is to become a leader in converging conductivity solutions by building a major consortium of the highest quality VoIP entities in order to obtain a significant market share of international long distance traffic in North America, Europe, Asia, Russia and the Middle East. VoIP Telecom's entry into the fast-paced, highly profitable global telecommunications marketplace is concentrated on VoIP via an acquisitions program, which includes International Communications & Equipment, Inc. (ICE - 100%), Access Network Limited (ACCESS -- 100%) and NEX Telecom Co. Ltd. (NEX -- 49%).