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Gold/Mining/Energy : Revere Communications (RVC:Alberta) -- Ignore unavailable to you. Want to Upgrade?

To: Sapper who wrote (2)	2/23/1998 7:00:00 PM
From: Sapper	Read Replies (1) \| Respond to of 44

All: I had been informed that 2 or 3 acquisitions were being planned. Here is the first: Telesonic Communications to be acquired Revere Communications Inc RVC Shares issued 7,500,000 Feb 20 close $0.40 Mon 23 Feb 98 News Release Mr Danny Alex reports Revere has entered into a letter of intent to purchase all of the outstanding shares of TCI (Telesonic Communications Inc) for $1.2 million. The consideration paid for the shares of TCI will be satisfied by the issuance of 1.2 million shares at $0.50 and a cash component of $600,000. TCI is a private Toronto based prepaid calling card company, which has been in operation since 1995. Its two primary shareholders, Stephan Miehe, former VP of sales and marketing at ACC Long Distance Canada, and Ed Merksamer, have been involved in the calling card industry since it was introduced as a mass-market product to the Canadian market three years ago. Revere will retain Mr Miehe and Mr Merksamer for TCI operations, providing Revere additional key market expertise and intelligence as well as a strong physical presence in Eastern Canada. TCI's presence in the key Toronto and Montreal markets enhances Revere's market and sales strategies. The acquisition of TCI will allow Revere to acquire an existing revenue stream with significant growth potential over the next fiscal year. With acquisitions such as these, Revere will continue to establish itself as a dominant player in the Canadian and North American prepaid market. The agreement to acquire TCI provides Revere with expanded North American opportunities by using TCI's network agreement with its national provider and added retail distribution outlets for proliferation of prepaid products into the market. Revere's penetration of Fortune 500 organizations is accelerated through current relationships and enhances its direct to market presence by virtue of the TCI acquisition. Efforts to amalgamate operations will result in the elimination of cost redundancies between the organizations and result in heightened revenue potential. Revere plans to continually access new markets and clientele through consolidation within the industry. Revere has identified two other potential acquisition candidates that will not only bring additional revenue streams, but as well, involve adding key management personnel to facilitate additional growth. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com