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Microcap & Penny Stocks : DGIV -- Good Prospects? -- Ignore unavailable to you. Want to Upgrade?

To: risk-averse who wrote (4873)	4/17/1998 10:25:00 AM
From: Secret_Agent_Man	Read Replies (2) \| Respond to of 7703

SANTA MONICA, Calif.--(BUSINESS WIRE)--April 17, 1998--Digitcom Corp. (OTC: DGIV) Friday announced the signing of an agreement with the Republic of Mordovia of the Russian Federation that provides Digitcom with ground line and satellite termination for both switched long distance and Internet phone traffic. The Republic has secured Federation Ministry approval for the coordination of normal voice and for Internet voice traffic through the Mordovian telephone exchanges under a favorable rate structure for international long distance traffic. The agreement signed yesterday between Digitcom's Russian subsidiary, TLA, and the Republic sets a target of 1 Million minutes per month of combined switched long distance and Internet voice transmission in the first year of operations. Inter-regional long distance rates and satellite links within the Russian Federation remain to be negotiated with the various regional carriers. The Republic will receive a portion of revenues from TLA. When traffic targets are met within 12 months of operations, the agreement provides for a further five year exclusive agreement to be extended. The Republic of Mordovia is situated in the Volga river basin approximately 600 km east of Moscow. It is a center for the manufacture of many products for export including lighting products, building materials, excavators, industrial rubber products, petroleum and chemical industry machinery, and semiconductor power devices. Digitcom (http://www.digitcom.com) 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-enhanced long distance telecommunications services using Digitcom's "IntraVoice" Internet voice compression and long distance technology. bg