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To: JBH who wrote (2233)	7/13/1998 12:02:00 PM
From: JBH	Respond to of 13094

PHOENIX--(BUSINESS WIRE)--July 13, 1998--International FiberCom Inc. IFCI IFC Monday announced that its board of directors has voted to redeem the company's common stock purchase warrants that trade publicly under the NASDAQ symbol: IFCIW. The company issued 1,302,480 common stock purchase warrants in conjunction with its secondary public offering in August 1994. Each warrant is exercisable to purchase one share of common stock at a price of $5.50 per share. The warrants were due to expire at 5:00 p.m., Phoenix time on Sept. 15, 1998. However, the warrants are redeemable at a price of $0.10 per warrant if the closing bid quotation of the common stock has averaged at least $8.10 per share for any 20 consecutive trading days, which has recently occurred. Accordingly, the company will send notices to the holders of the warrants indicating that they will have until 5:00 p.m., Phoenix time, on Aug. 13, 1998 to exercise the warrants. The notices will contain information about completing the warrant exercise. The company will redeem any warrants that have not been exercised by such point at a price of $0.10 per warrant. The common stock issuable upon exercise of the warrants has been registered pursuant to a registration statement effective Feb. 12, 1998. Therefore, any warrantholder who exercises his warrants will receive freely transferable common stock. International FiberCom is a fully integrated "one stop shopping" outsource provider for the telecom and CATV industries. Through its four subsidiaries, IFCI provides a range of high level engineering, broadband network systems design, installation of structured cable and fiber-optic networks and complete telecommunications systems integration services with LAN's and WAN's expertise. Its Kleven Communications subsidiary specializes in the design, installation and maintenance of fiber-optic and other cable services for the telecommunications and cable industries. Its Tennessee based subsidiary, Concepts In Communications, provides systems integration services including design, engineering, installation and maintenance of structured cable systems, network hardware and software, workstation peripherals and intercommunications systems. Concepts maintains value added reseller and/or partner agreements with Lucent Technologies, 3Com, Bay Networks, Novell, WIN Communications, BellSouth, Compaq and Hewlett Packard. Its telecommunications engineering subsidiary, Compass Communications, specializes in designing broadband video, voice and data networks systems. Southern Communications Products is a leader in a fast growing niche business within the telecommunications equipment sector.