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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: James Harold Alton who wrote (4607)	4/7/1998 2:24:00 PM
From: Don Ward	Read Replies (2) \| Respond to of 19331

DCI Retains Houlihan Lokey & Zukin as Investment Bankers STRATFORD, Conn., April 7 /PRNewswire/ -- DCI Telecommunications, Inc. (OTC Bulletin Board: DCTC) today announced that they have retained Houlihan Lokey Howard & Zukin as Investment Bankers. Founded in 1970, Houlihan Lokey Howard & Zukin has become a major provider of specialized investment banking services. Having risen to the forefront of business and securities valuation early in its history, Houlihan Lokey is now equally recognized as a leader in the areas of corporate finance, financial restructuring and merchant banking. The expansion into corporate finance occurred in 1988 with the addition of investment banking professionals and today Houlihan Lokey is recognized as one of the prominent investment banks serving mid-size companies. The development of merchant banking capabilities occurred in the curly 90's with the acquisition of $800 million of distressed loan portfolio and the co-founder of a $188 million private equity/mezzanine fund. Headquartered in Los Angeles, Houlihan Lokey today has more than 155 professionals in nine offices. In 1997, 65 clients were represented in completed M&A transactions totaling over $34.1 billion. Houlihan Lokey has been ranked as one of the top 20 investment banks according to total M&A transaction dollar volume in 1994, 1995, 1996 and 1997 by Securities Data Corporation and one of the top two in transactions valued under $100 million. As one of the only investment banking firms focused on middle-market companies to be ranked in the top 20 during this period. Houlihan Lokey is currently retained by over 50 companies for M&A advisory services. In addition, in 1997, Houlihan Lokey completed $1 billion of middle market company financing and is currently retained on financing assignments over $600 million, DCI has retained Houlihan Lokey as its exclusive financial advisor and investment banker in connection with the Company's corporate finance and M&A objectives. Specifically, Houlihan Lokey has been hired to assist the Company to raise $20 million on an immediate basis, for various strategic acquisitions, identify acquisition candidates and advise the Company on the same, and sell the Company's non-core assets which possibly includes certain rights to over 200 films including rights to over a dozen of the Godzilla series films. In recent news, DCI announced the signing of two letters of intent to acquire Payless Communications and Edge Communications. These acquisitions are expected to boost DCI's annual revenues to $45 million by fiscal year ending March 31, 1999. In addition, the joint venture with DataWave Systems, Inc., became effective April 1, 1998, and should produce an additional $10 million in revenues for DCI. Also, DCI announced it has terminated negotiations to acquire WorldPass Communications Corporation. DCI Telecommunications is an international supplier of telephone services, including long distance service, prepaid telephone cards and Internet products. The Company has an extensive distribution network throughout North America, Europe and the Far East and owns telephone switching facilities in Canada, the United Kingdom, Spain and Denmark. The Company recently reported sales of $6.2 million and $1.3 million in profit (13 cents per share), for the first nine months of fiscal 1998, and has 12 operating facilities, serving customers in eight countries. Safe Harbor Statement under the Private Securities Litigation Act of 1995; The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the new uncertainty of future financial results, additional financing requirements, development of new products, regulatory approval processes, the impact of competitive products or pricing, unpredictability of patent protection, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission.