To: okee-boy who wrote (94 ) 3/14/1998 11:40:00 PM From: Mike Adams Read Replies (2) | Respond to of 7703
Here is another news release. Am I to understand they are expecting $10 million in revenues from this former deal alone? And we have 60 million of working capital if needed? Hold on. This company is severely undervalued. -------------------------------------------------------------------- Monday February 2, 1:44 pm Eastern Time Company Press Release REPEAT/Digitcom Acquires JD International, Opening Asian Long Distance Markets. SANTA MONICA, Calif.--(BUSINESS WIRE)--Feb. 2, 1998--Digitcom Corp. (OTC:DGIV - news) has acquired JD International of Laguna Hills, Calif., in a stock and cash deal. The acquisition brings Pacific Rim joint venture partners currently carrying traditional long distance call traffic, and enterprise-level telecommunications technology into the Digitcom fold. JDI president, David Wong, will join Digitcom to head up business communications product development. ''This acquisition is a significant step in implementing our strategy of expanding Digitcom's communications network by merger and acquisition,'' stated Jimmy Chin, Digitcom chief executive officer. ''Adding JD International's presence in Korea, Taiwan, Hong Kong and Japan to the Digitcom network will circumvent many difficulties faced by U.S. companies trying to gain access to those markets.'' JDI has joint venture operations in Seoul, Korea operating as CNG Spacecom Ltd. and partnerships maintaining network long distance telephone access points in Seoul, Tokyo, Hong Kong, Taipei, and Vancouver, Canada. International long distance traffic between Hong Kong, Taipei, and North America presently runs to 700,000 minutes per month. Digitcom management projects the acquisition could contribute $10 million in annualized revenue by the third quarter of 1998. ''Digitcom can expand the capacity of our network by four to ten times without further investment in expensive dedicated lines,'' observed Wong. ''Digitcom's standards-based data compression will allow us to carry much more traffic on the network we already have in place without raising costs.'' Discussions to connect the now independent Asian operations into one integrated network will be completed in the coming weeks. With the addition of Wong, Digitcom gains an experienced and innovative telecom developer with extensive contacts in the Far East. A product of University of Southern California's graduate school of computer science, Wong has been in the digital voice processing field almost from its inception. He has engineered complex commercial applications of telemarketing and ''interactive voice'' services in Japan and Singapore for international clients. It was his development of international ''call-through'' technology and the establishment of access points in Taipei, Tokyo and Vancouver that established him and his company in the international long distance industry. Digitcom is an international telecommunications and data network company working with regional and national telephone companies in emerging markets to establish international long distance networks. The company is leading development of the new Internet voice communications technology. Contact: Liberty Capital Group Jayna Cassavant, 360/676-8072 libertycap.com or Digitcom Corp., Santa Monica Roger Templeton, 310/584-0750 digitcom.com ------------------------------------------------------------------