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Microcap & Penny Stocks : TVCP - Talk Visual Corporation -- Ignore unavailable to you. Want to Upgrade?

To: SCOOBEY-DO who wrote (141)	8/16/2000 9:17:26 AM
From: SCOOBEY-DO	Read Replies (1) \| Respond to of 180

Talk Visual Announces Registration Statement Filing MIAMI--(BUSINESS WIRE)--Aug. 16, 2000--(OTC-BB:TVCP). TALK VISUAL CORPORATION announced today that it has filed a registration statement for up to $15 million of equity financing (up to $24.2 million assuming the exercise of warrants) with the Securities and Exchange Commission. The financing was arranged by Ladenburg Thalmann & Co. Inc. (www.ladenburg.com) pursuant to a previously announced financing agreement. Talk Visual Corporation signed a stock purchase agreement with a private institutional investor on July 27, 2000. Under the agreement, Talk Visual Corporation may draw down on the equity line, at its option, in amounts determined by the Company subject to certain market conditions. The pricing of the Talk Visual stock is based on the market value of the Company's stock when each portion of the equity line is taken down. The agreement does not obligate Talk Visual to draw down the entire commitment amount. Further, the private investor may purchase additional common stock under warrants issued with each draw. If the warrants are exercised in conjunction with the equity draws, based on current market pricing, Talk Visual could receive in the aggregate up to $24.2 million. The issuance of the common stock to be sold to the private investor under the equity line will not be registered under the Securities Act of 1933. However, the registration statement filed today covers the resale of the shares by the investor. Talk Visual's Chief Financial Officer, Clint Snyder, said today "The sale of common stock to the private investment group will allow Talk Visual to access capital in the future at the most appropriate times and at the most reasonable overall cost. These advantages will make a significant contribution to growth in shareholder value." Chairman Michael J. Zwebner commented "The stock purchase agreement, we believe, will provide us with adequate funding for growth as we aggressively move forward in rolling out our retail and wholesale videocalling operations and all our telecommunications services whilst expanding our sales and marketing initiatives." ABOUT TALK VISUAL CORPORATION 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. 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. The Company's new FREE videocalling sign-up website service is available to public videocall rooms, private and public corporations, and individuals worldwide. The service can be accessed at videocallme.com. Statements in this press release which are not historical including statements regarding Talk Visual's or management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning 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. Such statements include statements regarding the ability of the investor to fund the Company, the acceptance by the Securities and Exchange Commission of the Company's registration statement, that such funding will be adequate to expand operations and services, the expected impact on the growth of the Company's business that this capital may provide and the impact of such growth on shareholder value. It is important to note that the Company's actual results could differ materially from those in any forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. Factors that could cause actual results to differ materially include whether or not the capital, if obtained, will be adequate to provide for the Company's growth in retail and wholesale telecommunications operations, whether such funding will actually allow for the expansion of the Company's sales and marketing initiatives, and whether the investment banker will be able to secure equity participants for the financing and other risk factors listed from time to time in the Company's SEC reports, including but not limited to, the annual report on form 10-KSB for the year ended December 31, 1999, and the quarterly report on Form 10-QSB for the quarter ended June 30, 2000. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. CONTACT: Talk Visual Corporation Janeth Iglesias-Vega Investor Relations 305 572-0575 Info@TalkVisual.com