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

To: Ed Pettee who wrote (4633)	4/8/1998 12:39:00 PM
From: Bruce Galpeer	Respond to of 19331

News out on Comtex... DCI Telecommunications Upgrades Denmark Facility STRATFORD, Conn., April 8 /PRNewswire/ -- DCI Telecommunications, Inc., (OTC Bulletin Board: DCTC) announced today that an improved switching facility has been completed in Copenhagen, Denmark. This facility will serve as the central switching station providing low cost international telephone services to the various Scandinavian countries. John Adams, CEO and Managing Director of DCI Europe, Ltd., the European operating subsidiary of DCI Telecommunications, stated, "With the completion of this facility, Northeastern to Southeastern Europe can now be linked through our telecom network via the new 'super switch' being installed in London." Plans are underway for similar facilities throughout Europe, in order to directly link Eastern and Western Europe through DCI's network. The Copenhagen facility will also be equipped with an Internet connection, allowing DCI's CyberFax subsidiary to expand its product offerings into this market. Business customers within this region, will soon be able to experience the cost savings benefits from real-time faxing over the Internet. DCI recently announced an agreement with Telefonica de Espana which will allow DCI's wholly owned subsidiary, DCI Europe, to establish a telecommunications network that will greatly reduce the cost of long distance telephone services throughout Southern Spain. DCI also recently announced letters of intent to acquire Payless Communications and Edge Communications. 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. 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. SOURCE DCI Telecommunications, Inc. CO: DCI Telecommunications, Inc. ST: Connecticut IN: TLS SU: 04/08/98 12:30 EDT prnewswire.com