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newsalert.com
PRN~04/02 06:30 Digitcom Prepares For Fully-Reporting Status
SANTA MONICA, Calif., April 2 /PRNewswire/ -- Management of Digitcom
Corporation (OTC Bulletin Board: DGIV), anticipating the results of outside
auditor Alex D. Domantay & Associates' report due in mid April, announced the
company's intention to file Form 10 and become a fully-reporting corporation.
The company will take this action with the aim of listing on Nasdaq's
Small Cap market.
"Digitcom will fulfill all the financial requirements for listing on the
Nasdaq small cap market and as soon as the stock meets the $4.00 price
requirement we will move on making the necessary filings," said Jimmy Chin,
Digitcom CEO.
Management believes that taking these actions will broaden the company's
shareholder base and increase research following and institutional
involvement.
Jay Allen Greig, President and CEO of Digitcom's financial relations firm,
Liberty Capital Group, Inc. of Bellingham, WA, said, "I'm very confident that
the plans Digitcom has will be beneficial to shareholders, long term."
Digitcom is a telecommunications and data network company working with
regional and national telephone companies in Europe and on the Pacific Rim 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".
SOURCE Digitcom Corporation
/CONTACT: Cheryl Mitchell of Liberty Capital Group, 360-676-8072/
/Web site: libertycap.com
(DGIV)
PRN~03/27 06:30 Digitcom Acquires Indonesian Internet Service Provider for IP/Telephone Network
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".
SOURCE Digitcom Corporation
/CONTACT: Cheryl Mitchell or Joe Elkins of Liberty Capital Group,
360-676-8072, for Digitcom Corporation/
/Web site: libertycap.com
(DGIV)
PRN~03/13 14:47 Digitcom to Carry U.S.-Bound Long Distance Telephone Traffic From Europe
SANTA MONICA, Calif., March 13 /PRNewswire/ -- Digitcom Interactive Video
Network, referred hereafter as Digitcom Corporation
(OTC Bulletin Board: DGIV), announced its agreement with Louis International
Telecommunications & Equipment to provide U.S. International long distance
circuits and termination for Louis International's European call
re-origination services and international long distance services. Terms of
the agreement commit Louis International to bring $1 Million per month or more
in traffic to Digitcom's U.S. telephone switching facility within 90 days of
signing.
Louis International has an extensive network of sales agents in Germany,
France, Poland, Ireland, and other Central and Eastern European countries
marketing the company's pre-paid "call back" long distance services and GSM
(Global System for Mobil communications) cellular services. The GSM digital
cellular network has coverage on the European continent that is much more
comprehensive than is the case in the United States, presently.
"We're excited about this launch in Europe of Digitcom's international
long distance network," said Jimmy Chin, Digitcom CEO. "We're looking for
this profitable relationship with Louis International to open other doors for
Digitcom's telephone and Internet communications services."
Louis International will market Digitcom's Mobile Callback(TM)
Internet-assisted reorigination product along with its GSM services.
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."
Liberty Capital Group,Inc. -- 1-800-371-9117, 1-360-676-9493 Fax
LIBERTY CAPITAL
814 Lakeway Dr. Ste. 262 tel: 360-676-8072
Bellingham, WA 98226 fax: 360-676-9493
liberty@nas.com www.libertycap.com/liberty
SOURCE Digitcom Interactive Video Network
/CONTACT: Digitcom Interactive Video Network, 310-584-0750, or fax,
310-584-0759; or investors, Cheryl Mitchell or Jo Elkins of Liberty Capital
Group, Inc., 800-371-9117, or 360-676-9493, for Digitcom Corporation/
(DGIV)
PRN~03/10 12:03 Digitcom Corporation Purchases 50,000 Shares in Stock Buy-Back Program
SANTA MONICA, Calif., March 10 /PRNewswire/ -- Digitcom Corporation
(OTC Bulletin Board: DGIV) announces progress in their stock buy-back program
with the purchase of 50,000 shares. Digitcom has seriously pursued the
problem that has caused the drop in the stock price last month and will
continue until a correct valuation is reached.
Jimmy Chin, CEO stated, "The launch of the 1.5 million share buy-back
authorized by the board of directors is in effect. We feel the stock is
still significantly undervalued, so the program will continue."
Chin expects that the repurchase program will continue through March and
possibly into April.
The unique market niche that Digitcom has developed will provide the
company with ongoing revenues from each contract and joint venture agreement
with overseas telecommunications companies through the use of minute charges,
instead of the one time system set up fee structure that some other
telecommunications companies offer.
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. Digitcom's FAXport(TM),
VOXport(TM), and NetCall(TM), build upon the Company's IntraVoice Internet/
Public Switched Telephone Network (PSTN) gateway. These unique copyrighted
technologies make Internet-transmitted faxing, voice messaging and
full- duplex voice communications accessible to any user with a touch-tone
phone or fax machine, and will provide rapid and cost-effective entry into
these services by emerging-market telephone companies.
SOURCE Digitcom Corporation
/CONTACT: investors, Cheryl Mitchell of Liberty Capital Group, Inc.,
800-371-9117, or 360-676-8072, or www.libertycap.com/liberty or
liberty@nas.com/
(DGIV)
PRN~02/11 15:56 Ministry Passes Digitcom Internet Phone to Institute for Russian Federation Certification
Memo of Understanding Signed with Moldovan Telecom Company.
SANTA MONICA, Calif., Feb. 11 /PRNewswire/ -- Digitcom Corporation
(OTC Bulletin Board: DGIV) announced the acceptance for examination by ZNIIS,
the Central Science Research Telecommunication Institute in Russia, of the
company's Internet telephone technology for certification in the Russian
Federation. This development clears the way for final Joint Venture contracts
to be signed with Elektrosvyaz (Rostov) for deployment in that region of the
Russian Federation. Memos of understanding have also been signed with St.
Petersburg National International Telephone and with Elektrosvyaz JS, Moldova.
It's expected that each of these Joint Ventures will be finalized in the
second quarter of this year.
"Our negotiations with the second- and seventh-largest telecom providers
in Russia, St. Petersburg Telephone and Rostov Elektrosvyaz, are approaching
finalization, keeping us on track to be the first Internet telephone service
and equipment provider certified to do business in the Russian Federation,"
observed Digitcom CEO Jimmy Chin. "Our venture partners' participation and
the warm support of the Ministry has opened many new doors for Digitcom. This
significant step has enabled us to enter the Moldovan market with an agreement
with Elektrosvyaz JS in that country, extending our opportunities into the
greater Commonwealth of Independent States."
St. Petersburg Telephone Network carries approximately 7% of Federation
phone traffic, second only to Moscow GTS. Elektrosvyaz has separate
operating companies in nearly all major metropolitan markets in the former
Soviet Union, of which the Rostov unit carries more than all but their Moscow
operating company.
ZNIIS is the leading research and development institute for the State
Committee for Telecommunications and Information Technology of the Russian
Federation. In this role ZNIIS oversees national standards activities,
acceptance testing and approval of equipment, as well as cooperation with non-
Russian telecom companies and industry-wide planning and development for the
Federation.
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. Digitcom's FAXport(TM),
VOXport(TM), and NetCall(TM), build upon the Company's IntraVoice
Internet/Public Switched Telephone Network (PSTN) gateway. These unique,
copyrighted technologies make Internet-transmitted faxing, voice messaging and
full-duplex voice communications accessible to any user with a touch-tone
phone or fax machine, and will provide rapid and cost-effective entry into
these services by emerging-market telephone companies.
SOURCE Digitcom Corporation
/CONTACT: Cheryl Mitchell or Jayna Cassavant, both of Liberty Capital
Group, 360-676-8072/
/Web site: libertycap.com
/Web site: www.digitcom.com/
(DGIV)
BW~~02/11 06:52 Ministry Passes Digitcom Internet Phone To Institute For Russian Federation Certification; Memo Of Understanding
SANTA MONICA, Calif.--(BUSINESS WIRE)--Feb. 11, 1998--Digitcom Corp. (OTC:DGIV) Wednesday announced the acceptance for examination by ZNIIS, the Central Science Research Telecommunication Institute in Russia, of the company's Internet telephone technology for certification in the Russian Federation. This development clears the way for final Joint Venture contracts to be signed with Elektrosvyaz (Rostov) for deployment in that region of the Russian Federation. Memos of understanding have also been signed with St. Petersburg National International Telephone and with Elektrosvyaz JS, Moldova. It is expected that each of these Joint Ventures will be finalized in the second quarter of this year. "Our negotiations with the second- and seventh-largest telecom providers in Russia, St. Petersburg Telephone and Rostov Elektrosvyaz, are approaching finalization, keeping us on track to be the first Internet telephone service and equipment provider certified to do business in the Russian Federation," observed Digitcom Chief Executive Officer Jimmy Chin. "Our venture partners' participation and the warm support of the Ministry has opened many new doors for Digitcom. This significant step has enabled us to enter the Moldovan market with an agreement with Elektrosvyaz JS in that country, extending our opportunities into the greater Commonwealth of Independent States." St. Petersburg Telephone Network carries approximately 7% of Federation phone traffic, second only to Moscow GTS. Elektrosvyaz has separate operating companies in nearly all major metropolitan markets in the former Soviet Union, of which the Rostov unit carries more than all but their Moscow operating company. ZNIIS is the leading research and development institute for the State Committee for Telecommunications and Information Technology of the Russian Federation. In this role ZNIIS oversees national standards activities, acceptance testing and approval of equipment, as well as cooperation with non-Russian telecom companies and industry-wide planning and development for the Federation. 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. Digitcom's FAXport, VOXport, and NetCall, build upon the company's IntraVoice Internet/Public Switched Telephone Network (PSTN) gateway. These unique, copyrighted technologies make Internet-transmitted faxing, voice messaging and full-duplex voice communications accessible to any user with a touch-tone phone or fax machine, and will provide rapid and cost-effective entry into these services by emerging-market telephone companies.
CONTACT: Liberty Capital Group
Cheryl Mitchell or Jayna Cassavant, 360/676-8072
libertycap.com
digitcom.com
BW~~02/06 06:45 Digitcom Secures $60 Million Investment in the Company's Internet Long Distance Services
SANTA MONICA, Calif.--(BUSINESS WIRE)--Feb. 6, 1998--Digitcom Corp. (OTC:DGIV) has secured an agreement in principal for a staged investment of up to $60 million by The Dharma Group Corp., an international investment company with holdings in the Far East and the United States.
Dharma Group will accumulate a minority stake in Digitcom as its participation grows from a planned $12 million initial investment to be completed within the first half of this year. The proceeds will be used by Digitcom to build out its Internet phone and switched international long distance telephone network infrastructure and to act upon merger and acquisition opportunities.
Digitcom is bringing online Internet long distance access facilities in Indonesia, Korea, Taiwan, and Hong Kong. Discussions are in progress to deploy Digitcom voice compression technology on current switched international long distance services in Taiwan, Tokyo and the United States as a result of the company's recent acquisition of JD International.
Digitcom management has adopted a strategy of joint venture operations in overseas markets and growth through acquisition as a rapid means of increasing revenues and value in the company. Digitcom currently has approximately 16 million shares issued with 5 million of the total being traded by the public.
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 a leader in Internet voice communications technology and is marketing its Internet-based telephony products under its brands: "FAXport", "NetCall", "VOXport", and "Mobile Callback".
CONTACT: Liberty Capital Group
Cheryl Mitchell or Jayna Cassavant, 360/676-8072
libertycap.com
BW~~02/02 13:58 REPEAT/Digitcom Acquires JD International, Opening Asian Long Distance Markets.
REPEAT ... PLEASE NOTE ADDITION TO FOURTH PARAGRAPH
SANTA MONICA, Calif.--(BUSINESS WIRE)--Feb. 2, 1998--Digitcom Corp. (OTC:DGIV) 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
BW~~02/02 12:26 Digitcom Acquires JD International, Opening Asian Long Distance Markets.
SANTA MONICA, Calif.--(BUSINESS WIRE)--Feb. 2, 1998--Digitcom Corp. (OTC:DGIV) 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 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
BW~~01/30 06:48 Digitcom To Purchase Up To 1,500,000 Of Its Common Stock
SANTA MONICA, Calif.--(BUSINESS WIRE)--Jan. 30, 1998--Digitcom Corp. (OTC:DGIV) Friday announced that its board of directors has authorized management to repurchase up to 1,500,000 shares of the company's common stock, which equals approximately 12% of total outstanding shares.
"The current price level of Digitcom shares represents a sharp under-valuation of the company, and provides management the opportunity to increase our financial resources and flexibility with a re-purchase program," said Digitcom Chief Executive Officer Jimmy Chin.
Purchases of shares will be made from time to time at the management's discretion in the open market.
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 a leader in Internet voice communications technology and is actively marketing its IP data network telephony products under its brands "FAXport", "NetCall", "VOXport", and "Mobile Callback".
CONTACT: Liberty Capital Group
Jayna Cassavant, 360/676-8072
libertycap.com
BW~~01/20 15:15 Digitcom and Citra Swara Adidya Announce Details of Agreement; Long Distance Telecoms Technology Passes Important Approval Test
SANTA MONICA, Calif.--(BUSINESS WIRE)--Jan. 20, 1998--Digitcom Corp.'s (OTC:DGIV) subsidiary, DLD Corp., Tuesday announced further details of its business understanding with Citra Swara Adidya of Jakarta (Citra) to provide Internet enhanced long distance telecommunications services in Indonesia using Digitcom's Internet/voice central office technology. The services included in the agreement utilize Digitcom's data compression technology that reduces the network transmission load by a ratio of 43:1. Digitcom's central office server was the subject of critical tests by the Indonesian Internet Service Provider Association (Asosiasi Penyelenggara Jasa Internet Indonesia).
Services the companies will introduce include: FAXport, which enables international faxing from any fax machine at discounts of up to 50 percent of standard calls by routing the fax data over the Internet; VOXport, which is an international voice messaging system; and NetCall, a technology on the cutting-edge of voice transmission that transmits two-way, full duplex phone conversations using the protocols of the Internet rather than a dedicated switched circuit. (DLD's call re-origination technology will not be marketed in Indonesia under the agreement in keeping with DLD's policy of close co-operation and compliance with national telecommunications regulatory agencies in countries where it has operations.)
The Digitcom IntraVoice server was demonstrated in initial APJII tests for suitability and performance, signifying an important milestone towards the launch of services in Indonesia. The APJII will conduct further tests in coming weeks.
The MOU signed by the companies commits them to jointly market Digitcom's innovative suite of Internet-based services by installing 24-port servers for use in the Digitcom IP/Voice network. Early implementation anticipates the burgeoning Indonesian market for these advanced telecommunications technologies. The partners project strong, rapid growth of total market share for this extremely cost-effective suite of services.
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. Digitcom assists with funding resources to purchase DLD systems and focuses its marketing of long distance telecom services in the U.S. to provide traffic to the off-short telecom companies. The increased traffic-flow over Digitcom's network represented by the joint venture with Citra will consolidate Digitcom's presence in the Southeast Asian long distance market. |
