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To: Jim Bishop who wrote (57837)	8/3/2000 10:36:40 AM
From: herry iball	Respond to of 150070

Beaten down...but! TCOM Ventures Receives Offer to Be Acquired ENGLEWOOD, Colo., Aug. 3 /PRNewswire/ -- TCOM Ventures Corporation (OTC Bulletin Board: TCMV - news) today announced that it has received a formal offer, dated July 31st, 2000 to be acquired by a growth oriented telecommunications company. The offer is based on acquiring 100% of the outstanding shares of TCMV as of July 31st, 2000. TCOM has 25.9 million shares outstanding with the aggregate purchase being $77,700,000, which equates to $3.00 per share. The offer also stipulates that the acquiring company's Chairman will continue to serve as the Chairman of the Board of the merger. Dr. James C. Roberts, current Chairman of TCOM, will serve as Vice Chairman of the merged companies. TCOM's Board of Directors has reviewed the offer and will call for a special shareholders meeting to be held to review the offer. The Board will be recommending that shareholders of record accept the offer. Upon receiving shareholders approval, the company plans to execute definitive agreements with a closing to follow immediately. ABOUT TCOM VENTURES TCOM Ventures Corporation (http://www.noyr.com/) is positioning itself to be a major player in the construction of a digital wireless platform for the next generation data delivery through strategic acquisitions and technology enhancements. It expects to introduce enhanced services including video, two-way voice and data and high speed Internet access. For more information contact Jerry Larder at 303-416-4000. This press release may contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from the statements contained herein. Such risks and uncertainties include but are not limited to changes in the demand for and market acceptance of the Company's products or services, changes in the Internet industry, and the impact of competition, and other risks disclosed from time to time in the Company's regulatory reports and filings. SOURCE: TCOM Ventures Corporation