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To: Jenna who wrote (4101)11/26/1997 8:07:00 AM
From: Susan Saline  Respond to of 120523
 
ACCC

Dec 3rd should be a volitile day for ACCC.....re:

Tel-Save Responds to ACC Announcement

NEW HOPE, Pa., Nov. 25 /PRNewswire/ -- Tel-Save Holdings, Inc. (Nasdaq: TALK - news).
In response to the ACC (Nasdaq: ACCC - news) announcement on Reuters on November 21, Dan Borislow stated, ''We appreciate ACC's due diligence process and the work required to accept our proposal. However, we are not in the business of putting companies in play only for them to look for higher bidders or try to cause us to raise our price (despite our recent $70,000,000 success in that arena). With this in mind, we have advised ACC that our offer will close at the end of business on Wednesday, December 3, 1997.''

Borislow continued, ''When ACC put a poison pill of 7.5% on the company, they unequivocally decided to sell their company and we think both companies' stock prices indicate the stockholders agree. Further, absolutely every shareholder of ACC with whom I have spoken wants the
company to be sold. With the way our phones have been ringing, it feels like we have spoken to all of them. Tel-Save will not change its offer and we continue to believe our proposal to be more than
fair. As stated earlier, our transaction is contingent on pooling of interests accounting treatment. In addition, we filed Hart Scott Rodino on November 10 and hope this will help speed this process
along.''

Tel-Save Holdings, Inc. is a nationwide provider of telecommunication services utilizing its state-of-the-art telecommunications network -- One Better Net (''OBN''). Tel-Save headquarters are located at 6805 Route 202, New Hope, Pennsylvania 18938.

ZSue



To: Jenna who wrote (4101)11/26/1997 8:13:00 AM
From: Rick Hann  Read Replies (1) | Respond to of 120523
 
Watch List - 11/26/97:

AVEI
FCN
IBM
MSFT
QCOM
HBOC
PSFT
FLE
SNV
GPS