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Microcap & Penny Stocks : MSU CORP-----MUCP -- Ignore unavailable to you. Want to Upgrade?

To: Bert Zed who wrote (1368)	8/19/1998 7:11:00 AM
From: Alf	Read Replies (2) \| Respond to of 6180

Delbert Just posted this on the AIME thread and thought it should be here as well. Sounds like good news to me ! Wednesday August 19, 6:30 am Eastern Time Company Press Release SOURCE: Long Distance Direct Holdings, Inc. LDDI Announces Formation of Powerchannel Division, Contract with American Interactive Media and Enhancement of Strategic Objectives PEARL RIVER, N.Y., Aug. 19 /PRNewswire/ -- Long Distance Direct Holdings, Inc. (OTC Bulletin Board: LDDI - news) announces that it has formed a new division, incorporated as PowerChannel, Inc. PowerChannel has been formed to provide a unique worldwide program of access utilizing the television. The technology will employ a set-top box, infrared remote control keyboard, and a regular remote control. In furtherance of its intentions, PowerChannel has signed an agreement with American Interactive Media, Inc. (''AIM'') (OTC Bulletin Board: AIME - news) to purchase set-top Internet access devices, supported by AIM's proprietary webPassport(TM) Internet access service, which provides subscribers with full access to the Internet through their existing television sets without the need for a computer. The underlying Internet access will be supplied by LDDI through its previously announced agreement with IDT Corporation (Nasdaq: IDTC - news), a major national Internet backbone supplier, under which LDDI has become an ISP (Internet Service Provider). PowerChannel's unique set-top box and proprietary services will allow households free use of the Internet without the need of a personal computer, and will shortly provide an upgrade option to provide a range of telephone services. PowerChannel intends to commence installation of the devices in September and October 1998, with a full rollout scheduled for the first quarter of 1999. Steve Lampert, President of PowerChannel and LDDI said, ''PowerChannel has researched the Internet TV market and determined that AIME's webPassport solution provides us with a very attractive business model. AIME's integrated system of hardware, software, and its portal of network programming and content places PowerChannel in the TV Internet business overnight. Based on our new relationship with AIME, we believe we can become one of the fastest growing Internet Service Providers in the US, and our goal is to achieve over 1,000,000 subscribers over the next two years. Plans call for initial distribution to begin in the 1998 fourth quarter with a national rollout scheduled to begin in the first quarter of 1999.'' Long Distance Direct Holdings, Inc., headquartered in Pearl River, New York, is a specialty marketer of telephone, teleconferencing, cellular long distance, voice mail, Internet and prepaid phone cards to small and medium sized commercial as well as residential customers. The company pursues non- traditional marketing channels such as infomercials and strategic partnering with large well-established firms and organizations to compete in the telecommunications industry and differentiate itself among competitors. CONTACT: Steven Lampert, President/CEO, or Michael Preston, Vice- President/CFO, both of Long Distance Direct Holdings, Inc., One Blue Hill Plaza, Pearl River, New York 10965, 914-620-0765. For more information, visit the Company's financial public relations web site at 1stnettech.com. Certain of the information presented herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors over which the company has little or no control. Such factors include general economic and business conditions and commercial acceptance of the company's products and services. We all know that it is MSU inside !!! Good luck Tim