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To: John F. Dowd who wrote (495)	7/8/1998 2:17:00 PM
From: tonto	Respond to of 994

thanks John for your comments.

To: John F. Dowd who wrote (495)	7/14/1998 4:19:00 PM
From: John F. Dowd	Respond to of 994

To All:Objective Communications Closes Financing; Company Secures $3.125 Million Business Wire - July 14, 1998 14:10 PORTSMOUTH, N.H.--(BUSINESS WIRE)--July 14, 1998--Objective Communications, Inc. (NASDAQ NM:OCOM) today announced it has closed on its $3.125 million in financing to support continued operations. This was completed through an agreement with two institutional investors, affiliated parties, members of Objective's Board of Directors as well as the new and existing management of the Company. The Company has the right to repay substantially all of the debentures within 90 days. Terms of this agreement will be released in a form 8K. "Participation by directors and management demonstrates the confidence we have in the prospects of the Company," said Jim Bunker, recently appointed interim CEO and President. "We are optimistic about the potential of the emerging video communications market and the role Objective Communications will play in it," he said. Objective, a pioneer in the emerging video communications market, develops and markets the VidPhone System, which delivers three video services -- multipoint videoconferencing, access and retrieval of stored video and video distribution -- to desktops and conference rooms via the same twisted pair telephone wiring already installed in businesses and organizations. The strike price if this is a convertible will be of interest. JFD