To: YOYO who wrote (3172 ) 12/11/1997 5:55:00 PM From: Jamey Read Replies (2) | Respond to of 8835
TSIS**** NEWS**** For more information, please call: Interactive Telesis' Investor Relations Office (888) 484-6397 e-mail: iti@intelesis.com FOR IMMEDIATE RELEASE ITI To Meet New NASDAQ Reporting Requirements San Diego, CA - December 11, 1997 - TSIS, OTC Bulletin Board - Interactive Telesis Inc. wishes to respond to recent articles regarding the intention of NASDAQ to remove up to 3,400 companies from the OTC Bulletin Board. Interactive Telesis has prepared and mailed to shareholders audited financial statements and quarterly reports for the past four years. It is the company's intention to file these statements with the appropriate governing bodies as soon as possible. The company feels that the removal of the more speculative, non-disclosing companies from the Bulletin Board is a positive step towards enhancing the credibility of this market. Interactive Telesis is experiencing a 200% increase in revenues due to the rapidly growing demand for its MarketREACH( customized interactive voice response (IVR) applications and its InvestorREACH( shareholder communication service. Both services are being successfully marketed to some of North America's largest corporations, as evidenced by ITI's recent news releases. ITI's management looks forward to promptly meeting all reporting NASDAQ-initiated requirements in 1998 with financial statements that reflect the company's increasing profitability and dramatic growth. The company is not aware of any material change in its affairs that would result in the recent drop in share price. For further information, please contact Scott Cameron, Director of Investor Relations, at 800/931-5050.