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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: Sloth who wrote (13392)	6/16/1998 7:45:00 AM
From: mr. w.	Read Replies (3) \| Respond to of 50264

<NEWS> UBS-Jakarta is Signed on as Digitcom Advisor PR Newswire, Tuesday, June 16, 1998 at 06:52 SANTA MONICA, Calif., June 16 /PRNewswire/ -- Digitcom Corporation (BB: DGIV) announced the appointment of PT UsahaBersama Sekuritas (UBS-Jakarta) to provide financial analysis and advice in conjunction with negotiations concerning a recent acquisition of an Indonesian enterprise. UsahaBersama Sekuritas is the Jakarta representative of the Union Bank of Switzerland. The banking firm will advise Digitcom on the structuring of financial agreements currently moving toward resolution in Indonesia as well as on other financial institutions' involvement in accomplishing Digitcom's strategic goals in Indonesia and the region. UBS-Jakarta can also provide consultation regarding further merger and acquisition opportunities, according to UBS. Digitcom will explore with UBS-Jakarta the financing of acquisitions as debt rather than as stock and cash transactions, among other issues. Digitcom is completing previously announced agreements to acquire two enterprises in Indonesia, and is exploring other opportunities on the Pacific Rim. Digitcom Corporation 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 in conjunction with regional and national telephone companies internationally to establish international long distance networks. SOURCE Digitcom Corporation -0- 06/16/98 /CONTACT: Orville Baldridge, WorldVision Financial, 888 345 6060, wvfg.com /Web site: digitcom.com /Web site: wvfg.com