To: FawnVu who wrote (552 ) 3/21/1998 3:15:00 PM From: DavidO Read Replies (2) | Respond to of 7703
Here is the IBD article...could be some mistakes as this was off a scanner. DIGITCOM FINDS OPPORTUNITY IN LESS DEVELOPED ECONOMIES. The World Trade Organization's agreement on telecommunications has brought the pressures of deregulation and modernization to telephone compa- flies unaccustomed to responding to the urgency of market forces, The result is unprecedented opportunity in Pacific Rim, Middle Eastern, and former Eastern Bloc countries according to Jimmy Chin, CEO of Digitcom Corporation (OTC: DGIV), a Southern California Internet telephone technology company. Digitcom has taken a unique approach to developing markets They partner with national and regional telephone compa- nies in emerging economies in order to help them get more out of their existing telephone infrastructure. The company also assists with financing the technol- ogy purchase,. making Digitcom's pack- age attractive to joint venture partners Agreements signed in Indonesia and in Russia are based on recurrent "minute" reven~~es to Digitcom rather than the one-time sales and Installation contracts approach other technology companies take. This "partnering" approach re- suIted in the recently announced deal with Louis International Telecommunica- tions & Equipment that commits the Central and Eastern Europe long dis- tance company to directing $1 million in traffic a month for delivery over Digit- com's U.S. long distance network. In a move unusual for an OTC traded company, Digitcom recently embarked on a stock repurchase program. Man- agement is authorized to repurchase up to 1.5 million shares. The company had repurchased 50.000 shares as of March 3, and expects to continue buying into April of this year. "By entering the market and buying back stock we achieve two goals: we increase the financial resources avail- able to management for merger and acquisition, and enable the company to be more flexible and responsive to the capital needs of cur joint venture enter- prises," Chin said. Global deregulation of telecommuni- cations at the very time that traditional phone companies are challenged by an entirely new method of transmission has created a window of opportunity for high tech firms. Its innovative approach to marketing and its advanced technology make Digitcom a company to watch. Digitcom is an international telecom- munications and data network company that markets a suite of fax, voice, and global messaging products that are build on the company's IntraVoiceT~ Internet- IPublic Switched Network "gateway". The services run on Internet Protocol (IP) networks, which breaks voice signals into data packets that are sent separately across a data network and reassembled at the other end. P networks can be operated far more cheaply than tradi- tional switched telephone networks, where a separate circuit is required for each call. The core technology is a computer gateway that takes the analog telephone voice signal and digitizes it Into IP format for transmission over the network. CONTACT: Investors, Cheryl Mitchell of Liberty Capital Group, Inc., (Innn) 371- 9117, or (360) 67~O72, or www.liberty cap.com liberty or Iibertynas.com READER SEflVICE# 82