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Microcap & Penny Stocks : DIGITCOM (DGIV-OTC-bb)Information Thread -- Ignore unavailable to you. Want to Upgrade?

To: risk-averse who wrote (178)	6/8/1998 7:18:00 AM
From: risk-averse	Read Replies (1) \| Respond to of 530

Digitcom Gets Initial German OK for Internet Telephone Network SANTA MONICA, Calif., June 8 /PRNewswire/ -- Digitcom Corporation (OTC Bulletin Board: DGIV - news) announced preliminary approval by Germany's Brandenburg government of an initial $25 Million (U.S.) package of financing to establish an Internet Protocol telephony network in that country to be headquartered in Potsdam. The announcement was made upon confirmation from the company's consulting firm Lietzmann & Partner of Potsdam, Germany, which represents Digitcom in its dealings with the Federal and various State governments of Germany. Lietzmann and Partner is one of a very few consulting firms authorized by the Berlin and Brandenburg governments to help identify and arrange financing for new businesses that serve Germany's economic development objectives for the new federal States that came with unification. ''This first Voice over IP central office facility will achieve the government's policy aims of creating employment in a cutting-edge industry in Potsdam, and potentially in many areas of Germany,'' said Siegfried Lietzmann, Managing Director of Lietzmann & Partner. The funding being made available will be in the form of grants by the government for fixed asset investment, and as low interest loans, according to Lietzmann. ''We're optimistic about this opportunity to build an IP telephony network in Germany,'' said Jimmy Chin, Digitcom CEO. ''Potsdam's close proximity to Berlin makes it an ideal starting point for serving Germany with this groundbreaking communications technology.'' Digitcom is a leader in Internet voice communications technology and is deploying its Internet-based telephony products using the company's ''IntraVoice'' gateway and voice compression technology. The company works with regional and national telephone companies internationally to establish international long distance networks. SOURCE: Digitcom Corporation