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To: Jim Bishop who wrote (92999)	10/4/2001 8:25:52 PM
From: Jim Bishop	Read Replies (2) \| Respond to of 150070

TERI news, LOL I have 25 shares left from some R/S I was stuck in. Terracom Acquisition Valued at Six Million Dollars NEW YORK, Oct. 4 /PRNewswire/ -- Terracom, Inc. (OTC: TERI - news) an emerging telecommunications company announced today that the recent letter of intent to acquire a Hong Kong based IT company is valued at ($6,000,000 U.S.) six million dollars. Under terms of the proposed agreement, Terracom, Inc. will issue four million shares, valued at the price of $1.50 per share. In exchange, Terracom, Inc. will acquire 100% of all the issued and outstanding shares of the Hong Kong company. Terracom, Inc. has identified a next generation carrier which provides professional ``end to end'' IP-based transmission services in data and voice. It is projected that the acquisition will generate $18,000,000 in revenue for Terracom, Inc. over the next twelve months with positive cash flow of $.25 per share. ``We see an immediate demand for their services, e.g. from US and European based carriers, to get internet connectivity to/from Mainland China,'' stated Terracom, Inc. President John Holler. ``Recent research has forecasted that by 2004 China would account for 40% Internet usage amongst Asian countries,'' added Holler. About Terracom, Inc. Terracom Inc. is an international company with interests in telecommunications and international trade. Terracom Inc. is in joint ventures with foreign governments for wireless telecommunications services. Terracom, Inc.'s mission is to provide a complete global footprint for voice and data communications using the most optimum solutions dictated by market demands and market opportunities. For more information on Terracom, Inc. please visit the company website at terracominc.com . Analysts, stockbrokers, fund managers and the media seeking additional information can contact Terracom's President, John Holler at 212-971-1339. Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this news release are forward- looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. SOURCE: Terracom, Inc.