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

To: Grupo Brad who wrote (2443)	1/23/1998 4:47:00 PM
From: Bruce Galpeer	Read Replies (1) \| Respond to of 19331

WOW!!! NEWS RELEASE DCI Telecommunications Declares Dividend Jan. 26/STRATFORD, CT -The board of directors of DCI Telcommunications (OTC bulletin Board:DCTC), an international supplier of telecommunications services, has declared a special cash dividend of one cent per share on the Company's common stock. The dividend is payable on March 23,1998 to stockholders of record at the close of business on Feb 23,1998. The dividend, which is the first in the company's history, is the company's way of giving back to its shareholders and allowing them to share in the continued success it has been enjoying. Payment of the dividend will not have an adverse effect on the future cash requirements of the corporation. DCI recently announced its $5 million buyback program, whereby it 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 commmon stock and management's assessment of DCI's liquidity and cash flow needs. "The strong financial position enjoyed by DCI allows us to initiate such ambitious programs. It is that same strength that affords our shareholders an opportunity to benefit from the company's growth" said Joseph J. Murphy, DCI's president and chief executive officer. "Implementing the buy back program now allows us to acquire our shares at attractive prices. At the current price, the company feels DCI represents an excellent investment." 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 Amercia, 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 6 months of fiscal 1998, has twelve operating facilities serving customers in eight countries. / Contact: Craig K. Murphy Director, Investor Relations DCI Telecommunications, Inc. 203-380-0910 ext.301, email dcitel@aol.com, web site dcic.com