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Microcap & Penny Stocks : ADGI - American Diversified Group -- Ignore unavailable to you. Want to Upgrade?

To: Hubert Few who wrote (6506)	5/26/1998 4:29:00 PM
From: gtoland	Read Replies (1) \| Respond to of 9569

ADGI's Internet Affiliate Announces New Telephone Internet Services BusinessWire, Tuesday, May 26, 1998 at 16:18 NEW YORK--(BUSINESS WIRE)--May 26, 1998--American Diversified Group (OTC.BB:ADGI) today announced that its affiliate, Telephonetics Overseas Corp. of Miami (TOC), which has changed its name to Global Transmedia Communications Corp., has commenced marketing of new "State of the Art" Internet telephony services. These new services, called "Cheap Talk" (www.cheaptalk.net), are available for both single line telephone (InfoTalk) subscribers and multi-line telephone (InfoGate) subscribers. Cheap Talk's basic service (InfoTalk) does not require a subscriber to use use a company and with InfoGate, there is not need for any additional equipment. Both services enable subscribers, as part of TOC's Internet telephony service package and an Internet access account, to make long distance telephone calls at very significant savings on a phone to phone basis, over the Internet. In addition, InfoGate enables subscribers through a company provided gateway, to use four telephone lines simultaneously for voice, data, paging and commencing on Sept. 1, faxing. The company projects that InfoGate will have a significant impact on future revenues because faxing presently represents approximately 30% of long distance usage domestically and 50% of all long distance charges internationally. With its new Cheap Talk capability, the company believes it will be able to penetrate the global long distance market, which at present is approximately $40 billion annually. Industry sources project that long distance via the Internet shall generate approximately $2 billion by the year 2002. As an example of the savings from use of Cheap Talk, a long distance telephone call from Florida to South America presently costs approximately $15.00 for twenty minutes. A subscriber using Cheap Talk for this same long distance call, whether for twenty minutes or for an unlimited time, will cost $.75, having to pay for only the first minute of the international call. For further information, ADGI's Broadcast Fax System provides ADGI information (releases, newsletters, shareholder updates), and is accessible to all ADGI shareholders via fax. To become part of ADGI's Broadcast System, please contact ADGI's NYC Investor Relations Office at (212) 332-5009 or by fax at (212) 332-3249. Global Transmedia Communications Corp. may be reached at (305) 620-2577. CONTACT: American Diversified Group Inc. Investor Relations, 212/332-5009