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Technology Stocks : EGLO Executive Telecard -- Ignore unavailable to you. Want to Upgrade?

To: Peter R Smith who wrote (35)	4/1/1998 12:01:00 PM
From: Heidi Hirst	Read Replies (1) \| Respond to of 300

EXECUTIVE TELECARD ELECTS NEW DIRECTOR AND CHAIRMAN OF FINANCE COMMITTEE Denver Colorado, April 01, 1998 - Executive TeleCard, Ltd. (NASDAQ: EXTL) announced today the election of John E. Koonce to its Board and his appointment as Chairman of the Finance Committee. Mr. Koonce will be responsible for certain finance functions of the Company, particularly the financial structuring necessary for long term growth. He will report directly to the Chairman and Chief Executive, Christopher Vizas. Mr. Koonce has significant experience in the financing and financial development of telecommunications and technology companies, including serving as Chief Financial Officer of Orion Network Systems, Inc., the first international private satellite communications company. While at Orion from 1990 to 1993, Mr. Koonce managed the principle banking relationship involving $400 million of debt financing and assisted in raising approximately $500 million for satellite projects. From 1981 to 1989, Mr. Koonce was the President and CFO for Biotech Capital Corporation and its successor, Infotechnology, Inc. During this time, he also served on the Boards of several public and private companies. Prior to 1981, he worked for Price Waterhouse at various domestic and international offices. He is a graduate of Duke University. "John will be a substantial asset to our Company," commented Executive TeleCard CEO Christopher Vizas. "I am delighted that he has agreed to rejoin corporate life to lend his financial experience to the growth of the Company." Executive TeleCard is a leading supplier of Global calling card services, and related validation, billing and payment systems, to telecommunication companies and financial institutions. Executive TeleCard also supplies international internet and internet working services in partnership with telecommunications operators around the world. Operating through its World Direct network, Executive TeleCard originates traffic in 88 countries and terminates anywhere in the world. -End- For further information please call Dawn L. Van Zant toll free at 888.368.8704, Samantha Haynes toll free at 888.368.8704 or Heidi E. Hirst toll free at 888.368.8703 or visit our website at www.aiminvestor.com