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Microcap & Penny Stocks : DCTC - DCI Telecommunications -- Ignore unavailable to you. Want to Upgrade?

To: Ken Salaets who wrote (3541)	1/21/1998 9:22:00 AM
From: Susan McCahon	Respond to of 4489

Gruopo you crack me up!!! I knew you were an alter boy :)

To: Ken Salaets who wrote (3541)	1/21/1998 9:23:00 AM
From: Bruce Galpeer	Respond to of 4489

Official release... (PR NEWSWIRE) DJ: DCI Telecommunications Announces Buyback Program DJ: DCI Telecommunications Announces Buyback Program STRATFORD, Conn., Jan. 21 /PRNewswire/ -- The board of directors of DCI Telecommunications (OTC Bulletin Board: DCTC), an international supplier of telecommunications services, has authorized the company to repurchase up to $5 million of the company's stock commencing January 29, 1998. There are approximately 14 million shares of DCI common stock outstanding. DCI intends to repurchase shares on the open market and in privately negotiated transactions at prevailing market prices. Timing of the repurchases will depend on market conditions, the market price of DCI's common stock and management's assessment of DCI's liquidity and cash flow needs. On January 8, 1998, the price of DCI's common stock was $2.09 per share. "The repurchase authorization," said Joseph J. Murphy, president and chief executive officer, "reflects our belief that DCI's stock is undervalued and represents a good investment at this time. This is the first buyback program in the company's history and provides us with an opportunity to buy back our shares at attractive prices. It is also an indication of our financial strength, highlighted by a strong cash position, and should confirm our confidence in the bright prospects for DCI's products and world-wide operations. This program will not alter the scheduled investments far expanding our current operations." DCI Telecommunications is an international supplier of telephone services including long distance service, prepaid cellular and Internet products. The company has an extensive distribution network throughout North America, Europe and the Far East and owns telephone switching facilities in Canada, the United Kingdom and Denmark. The company, which recently reported sales of $4.6 million and $1.3 million in profit (or 13 cents per share) for the first six months of fiscal 1998, has approximately twelve operating facilities serving customers in eight countries. SafeHarbor Statement under the Private Securities litigation Act of 1995; The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the new uncertainty of future financial results, additional financing requirements, development of new products, regulatory approval processes, the impact of competitive products or pricing, unpredictability of patent protection, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission. /CONTACT: Craig K. Murphy Director, Investor Relations of DCI Telecommunications, 203-380-0910, ext. 301, or dcitel@aol.com/