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To: Jane4IceCream who wrote (14246)	9/5/2001 10:46:20 PM
From: ChrisJP	Respond to of 208838

I'll have to remember not to say "I feel like a new man !" in your presence ! <g> Good luck tomorrow. I'm hoping for a rally but not until my morning meeting is through, lol. So please let the market know not to take off until 11am. Thanks so much, Chris

To: Jane4IceCream who wrote (14246)	9/6/2001 6:36:10 PM
From: 2MAR$	Respond to of 208838

Global Crossing and Telstar International Sign $15 Million Agreement; Potential Revenues From This Contract Estimated at Up to $30 Million Business Editors WHITE PLAINS & NEW YORK, N.Y.--(BUSINESS WIRE)--Sept. 6, 2001-- Telstar International, Inc. and Global Crossing Ltd. (NYSE:GX) announced today that Telstar has signed an agreement with Global Crossing's Carrier Services division worth a minimum of $15 million over two and a half years to route and terminate traffic via Global Crossing's domestic and international telecommunications network. Moreover, Telstar expects that based on its current traffic patterns, the contract may account for as much as $30 million over the course of its term. "Telstar and Global Crossing have been doing business for more than four years," said Telstar CEO Constantin Barbulescu. "This agreement signals our belief that the relationship between our companies will only continue to grow and strengthen in the future." Said Brian Fitzpatrick, president of Global Carrier Services at Global Crossing, "This contract further enhances the strong relationship we have with Telstar and we appreciate the confidence they have placed in us. By partnering with Global Crossing, Telstar offers its customers some of the most advanced global network services available today." The Telstar-Global Crossing agreement is the latest in Telstar's continuing initiative to increase gross margins on international traffic over the Company's network. Other margin-increasing initiatives include Telstar's deployment of its Pan-African Network Initiative ("PANI"), linking the PTTs of 7 African nations with Telstar and each other. Other initiatives include deployment of VOIP networks on four continents and reciprocal traffic arrangements with more than 60 carriers worldwide. About Telstar: Telstar International, Inc. is a rapidly growing provider of enhanced telecommunications services, offering a broad range of wholesale and retail services worldwide. Telstar's services include VOIP networks, enhanced voice and data services, ASP services, international toll free service from 60 countries, prepaid calling cards and international long distance services. Telstar is the largest privately held provider of debit card platform services in the United States, with over $52 million in revenues in 2000 and no outstanding debt. Telstar is headquartered in White Plains, New York. For more information on Telstar, visit www.telstar-usa.com. About Global Crossing: Global Crossing Ltd. provides telecommunications solutions over the world's first integrated global IP-based network, which reaches 27 countries and more than 200 major cities around the globe. Global Crossing serves many of the world's largest corporations, providing a full range of managed data and voice products and services. Global Crossing operates throughout the Americas and Europe, and provides services in Asia through its subsidiary, Asia Global Crossing. Global Crossing Solutions provides integrated telecommunications solutions, including network outsourcing, to large global enterprises. Please visit www.globalcrossing.com or www.asiaglobalcrossing.com for more information. Statements made in this press release that state the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. --30--slk/la* mw/la CONTACT: Global Crossing Ltd. Mary Catharine Moore, 716/777-6403 (Press) mary.moore@globalcrossing.com Ken Simril, 310/385-5200 (Analysts/Investors) investors@globalcrossing.com or Telstar International, Inc. Hope Halpern, 914/428-5555, ext. 219 hope@telstar-usa.com