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To: sandstuff who wrote (2810)3/27/1998 9:23:00 AM
From: DavidCG  Read Replies (1) | Respond to of 34592
 
Tokyo's past pick: DGIV releases news this morning:

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Digitcom Acquires Indonesian Internet Service Provider
for IP/Telephone Network

PR Newswire - March 27, 1998 06:30

DGIV %TLS %TNM V%PRN P%PRN

SANTA MONICA, Calif., March 27 /PRNewswire/ -- Digitcom Corporation
(OTC: DGIV) announced today the extension of its IP/Telephone Network into
Indonesia with the signing of an agreement to acquire all the stock of PT.
Primedia ArmoEkadata Internet. This acquisition gives Digitcom unique access
to the Indonesian market in that all licenses to operate Internet Service
Provider (ISP) services in Indonesia have been issued and no further licenses
are contemplated by the Government.
"Acquiring Primedia ArmoEkadata will provide the most rapid extension of
our Digital Long Distance Corporation subsidiary's telecom services within
Indonesia," observed Digitcom CEO Jimmy Chin. "Plus it provides the network
infrastructure and access to implement plans on the drawing board with our
joint venture partner, Indosat, for the delivery of IP long distance services
between North America and points throughout Indonesia."
All necessary transactions are slated to complete within 60 days for the
transfer of stock and licenses to Digitcom's Indonesian operating unit.
Digitcom is an international telecommunications and data network company
working with regional and national telephone companies internationally to
establish international long distance networks. The company is a leader in
Internet voice communications technology and is marketing its Internet-based
telephony products under its brands: "Faxport," "NetCall," "VOXport," and
"Mobile Callback".

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Good Trading!

-DavidCG