Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: StocksDATsoar who wrote (75529)	12/27/2000 3:25:43 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

SATX $20 Million Financing Commitment Targeted for Shared Technologies Cellular/SATX Merger WETHERSFIELD, Conn., Dec 27, 2000 (BUSINESS WIRE) -- Shared Technologies Cellular, Inc. (OTC BB:STCL.OB) today announced that SATX, Inc. (OTC BB:SATX.OB) has negotiated a debt financing commitment to secure $20 million, which will allow the two companies to finalize their merger. The final documents are in process and this financing transaction is currently scheduled to close in early January 2001. Since announcing the intent to merge STCL and SATX, the equity market for technology stocks has been less than favorable. "As this trend became apparent, we modified our plans from raising equity to securing debt financing," said Anthony D. Autorino, STC's chairman and chief executive officer. "We felt that our combined business plan could support a debt transaction, without giving up significant equity and dilution." "SATX is also in final negotiations for an additional $20 million in debt, contingent upon SEC and shareholder approval of the merger," said Mr. Autorino. "The combination of the two companies will provide for both growth and profitability on a combined basis, greater than as two separate entities. We can now move forward with merger documents, SEC approval, proxy and stockholder approval." STC wishes to thank all of its employees, vendors, and stockholders for their support in these difficult times. Headquartered in Wethersfield, Connecticut, STC is a nationwide Integrated Communications Provider (ICP). STC businesses include cellular phone rentals, digital phone sales, prepaid communication services that include cellular, paging, Internet, local and long distance services. STC products and services are marketed directly, and in conjunction with partners including car rental companies, MCI WorldCom, U.S. South Communications, and other private label partners. These programs employ CellEase a universal payment and redemption platform, utilizing technologies provided by Telemac Corporation, US/Intelicom, and others. STC and other service providers use the CellEase platform as a single management and payment system for bundled communications solutions. Visit the company's web sites at www.cellease.com (retail) and www.sharedcellular.com (corporate). SATX develops and markets a wide range of high-tech wireless communications products for business and consumers. As a technology-holding company, SATX and its subsidiaries, currently own more than 40 patents within the wireless industry, many of which have set industry standards, especially in the area of GPS/2-way communications equipment, making SATX a forerunner in the Telematics industry Any statements released by STC that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements involve risk and uncertainties that may affect STC's business prospects and performance. It is further noted that data referenced in this release may represent partial data, such as sales results, which are subject to supplementation, by other disclosures by the Company. Potential risks and uncertainties may include economic, competitive, governmental, technological, or other factors discussed in STC's filing with the SEC on forms 10K, 10Q, and 8-K. CONTACT: Shared Technologies Cellular Anthony D. Autorino (860) 258-2500 URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2000 Business Wire. All rights reserved. -0- KEYWORD: CONNECTICUT MASSACHUSETTS INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS E-COMMERCE HARDWARE NETWORKING MERGERS/ACQ * end of story *

To: StocksDATsoar who wrote (75529)	12/27/2000 3:42:43 PM
From: RCJIII	Read Replies (1) \| Respond to of 150070

Natural Gas prices broke $10, NEGI is running today on the bullish AGA report released a few hours ago. Look for this company to earn more per share this year than their current share price. RCJIII