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To: James Young who wrote (265)5/4/1998 5:38:00 PM
From: esterina  Read Replies (1) | Respond to of 2902
 
Some competition coming to market.

Enhanced Announces it Will Pursue Business Combination
With ZULU

PR Newswire - May 04, 1998 11:44

NETZ ESVS %CPR %MLM V%PRN P%PRN

HOUSTON, May 4 /PRNewswire/ -- Enhanced Services Company, Inc.
(Nasdaq: ESVS) and ZULU-tek, Inc. (OTC Bulletin Board: NETZ) announced today
that their Boards of Directors had agreed to continue to pursue a business
combination of the two corporations. The resulting entity will be a single
enterprise that will pursue a coordinated vertically integrated business plan
focused principally on Internet advertising, electronic commerce, technology
development and laptop sales via the Internet.
In anticipation of the combination, Enhanced reported that it may make
additional investments in ZULU and is currently pursuing a private placement
to fund a combined business strategy. Management of the two companies are
currently developing the precise structure of the stages for the transaction
which is expected to be implemented later this year. The combination is
subject to regulatory and shareholder approval and compliance with NASDAQ
rules.

SOURCE Enhanced Services Company, Inc.
/CONTACT: Investor Relations of ZULU, 310-727-1276 or Mary T. Conway or
Heather Midgley of McDermott/O'Neill & Associates, 617-227-2600,
mconway@mcdermott-oneill.com, hmidgley@mcdermott-oneill.com/
(NETZ ESVS)