The company emailed me these two press releases yesterday
Neal
FOR IMMEDIATE RELEASE Contact: Todd M. Binet
Chief Financial Officer
(713)968-0968 tbinet@telscape.com
TELSCAPE INTERNATIONAL, INC. ANNOUNCES SALE OF POLISH SUBSIDIARY
- -Sharpens Focus on Latin America- -
HOUSTON, TEXAS<December 17, 1997<Telscape International, Inc. (NASDAQ
Small Cap: TSCP) today announced it has completed the sale of its Polish
subsidiary, Digital Telecommunications Services ("DTS"), located in
Warsaw, Poland to BCH Holding Company, Inc. ("BCH"), a telecom service
company with a full service telecom operation also based in Warsaw. In
connection with the transaction, Telscape has retained a minority
interest in BCH. Other terms of the transaction were not disclosed.
Scott Crist, President and CEO, commented: "The sale of DTS, an
equipment manufacturer and distributor, marks another significant step
in management1s strategy to focus on international long distance and
value-added services, with a particular emphasis on Latin America. DTS
has been basically break even in 1997 and has consumed management and
capital resources which will now be focused on the Company1s attractive
opportunities in Latin America. Furthermore, we believe that the
combination of DTS and BCH has a great deal more potential than DTS
alone.
"Telscape1s tremendous growth in revenues and profitability in 1997 to
date has been a result of management1s focus on Latin America. We remain
optimistic about the Company1s prospects in this region and anticipate
continued revenue and profitability growth."
Telscape International, Inc. is a turn-key and value-added
telecommunications company strategically positioned to tap the growing
and emerging markets of Latin America, with a particular emphasis on
Mexico.
Note: Certain statements made herein that are not historical are
forward-looking within the meaning of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that all forward-looking
statements involve risks and uncertainties including, without
limitation, risks related to market acceptance of and demand for the
Company1s products and services by customers, continued relationships
with and pricing dependence for third party suppliers, and continuity of
existing government regulations and policies. Furthermore, the Company
has significant operations in Mexico, subjecting the Company to certain
political and commercial risk. Actual future results and trends may
differ materially depending on a variety of factors, including, but not
limited to, the risks discussed in documents filed by the Company with
the Securities and Exchange Commission. Investors are encouraged to
consider the risks detailed in those filings. The Company assumes no
obligation to release publicly any changes to these "forward looking
statements" that may arise from the development of unanticipated events
or circumstances that occur after the date of the original projection.
FOR IMMEDIATE RELEASE Contact: Todd M. Binet
Chief Financial Officer
(713)968-0968 tbinet@telscape.com
TELSCAPE INTERNATIONAL, INC. ANNOUNCES EXTENSION OF THE REDEMPTION OF
THE PUBLICLY-TRADED WARRANTS
HOUSTON, TEXAS<December 17, 1997<Telscape International, Inc. (NASDAQ
Small Cap: TSCP) today announced it will extend the previously announced
warrant redemption date on the Company's publicly-traded warrants
trading under the ticker symbol "TSCPW." Holders of the publicly-traded
warrants may exercise, at a price of $8.00 per share, such warrants and
receive shares of the Company's common stock, subject to compliance with
applicable state securities laws.
The Company sent out written notice to holders of the publicly-traded
warrants today informing the holders of its intent to extend the
redemption to January 21, 1998 from December 23, 1997. Publicly-traded
warrants not exercised before 5:00 P.M. EST on January 20, 1998 will be
redeemed on January 21, 1998 at a redemption price of $0.20 per warrant
in accordance with the terms of the Warrant Agreement pursuant to which
the warrants were issued.
Telscape International, Inc. is a turn-key and value-added
telecommunications company strategically positioned to tap the growing
and emerging markets of Latin America, with a particular emphasis on
Mexico.
Note: Certain statements made herein that are not historical are
forward-looking within the meaning of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that all forward-looking
statements involve risks and uncertainties including, without
limitation, risks related to market acceptance of and demand for the
Company1s products and services by customers, continued relationships
with and pricing dependence for third party suppliers, and continuity of
existing government regulations and policies. Furthermore, the Company
has significant operations in Mexico, subjecting the Company to certain
political and commercial risk. Actual future results and trends may
differ materially depending on a variety of factors, including, but not
limited to, the risks discussed in documents filed by the Company with
the Securities and Exchange Commission. Investors are encouraged to
consider the risks detailed in those filings. The Company assumes no
obligation to release publicly any changes to these "forward looking
statements" that may arise from the development of unanticipated events
or circumstances that occur after the date of the original projection.
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