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

To: rrufff who wrote (37)	4/1/1998 3:05:00 PM
From: Heidi Hirst	Read Replies (1) \| Respond to of 300

EXECUTIVE TELECARD SIGNS NEW CONTRACTS Denver Colorado, April 01, 1998 - Executive TeleCard, Ltd. (NASDAQ: EXTL) announced today the signing in March of five new contracts ending an extended period of stalled growth. The Company has signed agreements with two banking institutions and three carriers. The Company expects the contracts to begin generating revenue in the next 90 to 120 days. By December, 1998 the Company projects that the contracts should yield between $125,000 and $150,000 of revenue per month, representing 5% annual growth, with a potential for increased revenue in 1999. All five contracts focus on the Company's core business, including global calling card enhancement for existing credit cards or national calling cards. Two of the contracts provide platform services for the validation, fraud management, accounting and billing of national calling cards and prepaid cards. "We are very pleased to announce these contracts. They evidence a new phase of growth our Company anticipates," said Senior Vice President, Allen Mandel, "as our Chairman and CEO, Mr. Christopher Vizas has stated publicly on several occasions, measure us by our annualized results, not by individual customer relationships." 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 inter-networking 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. Certain statements in this press release are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from the results, performance or achievements express or implied by the forward looking statement. Factors that impact such forward looking statements include, among others, the ability of the Company to attract additional business, changes in expectations regarding restructurings and reductions in cost, possible changes in collections of accounts receivable, risks of competition, price and margin trends, changes in worldwide general economic conditions, changes in interest rates, currency rates and worldwide competition. -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 web site at www.aiminvestor.com