To: Hootermonger who wrote (2213 ) 9/10/1998 5:38:00 PM From: okee-boy Respond to of 3129
News for TNNS TRANSTAR COMMUNICATIONS, INC., ANNOUNCES A MAJOR ACQUISITION WITH INFO-LAB, Inc., for Their OL2 Division LOS ANGELES, Sept. 10 /PRNewswire/ -- Transtar Communications, Inc., is pleased to announce the acquisition with Info-Lab, Inc., for their OL2 division. Info-Lab, Inc., formed in November, 1995, is based in Schaumburg, Illinois and was conceived by Chicago area attorney William J. Judge and is managed by its President Daniel A. Spaeth and Vice President Don Shattuck. The Company's business is related to substance abuse testing in the workplace, including laboratory testing services and online information. The company began its test service operations in June, 1996 and has recently entered into a Joint Venture with the Methodist DH14S-certified Laboratory in Peoria, IL. Over a two year period the company developed a subscription on-line library service, www.OL2.net a unique resource for legal, medical and scientific information. The company executed several contracts which will result in significant revenues from OL2 beginning in October 1998, to reach approximately 3 to 4 million dollars over the next 12 months. OL2 is a unique on-line library of information related to the risky business of employment drug and alcohol testing. Despite its nearly 3,000 court decisions (complete text and summarized), federal and state statutes and regulations, OL2 is more than just information. Through its Q&A sections, subscribers can ask questions and receive input from medical, legal and administrative experts and other subscribers. OL2 is not just information, its access to answers. The World Wide Web is a hotbed of business advertising and commercial activity. The fact that the medium has become both a fertile ground for advertising and a new playing field for business transactions, underscored the importance for every business to have a presence on, and unfettered access to the Internet. The Web is also increasingly providing a convenient and low cost means of general telecommunications (e-mail, net telephony and facsimile, video conferencing, etc.) on a global scale. The worldwide Internet populations are predicted to grow to 100 million users by the turn of the century. Transtar is a leading network provider in the Internet market. Using the Internet, Transtar will increase a company's visibility and brand name recognition among owners, business managers and end users. Transtar's networking experts can provide companies with custom solutions tailored to specific business and organizational needs. Also known as virtual hosting, subscribers can originate and maintain their Web sites from Transtar's centralized facilities without having to purchase expensive equipment and software. Transtar also offers state of the art web sites, with features such as live streaming video and with the company's talented graphics design department, Transtar can offer the most bang for the buck on the Internet. The high speed Internet capabilities of today, combined with the high quality of digital technology and low cost of transmission, gives Transtar the next step in the progress of the communication industry, which will carry into the next millennium. Transtar Communications, Inc. is in the business of providing international wholesale long distance telecommunications services to their providers through out the United States as well as full Internet services. Safe Harbor Act Disclaimer: The forward looking statements in this release involve risk uncertainties, including but not limited to the successful completion of the projects. Successful completion of these projects are subject to the number of uncertainties and unforeseen events. There can be no assurance of the goals of the company stated herein may be realized. Forward looking statements represent the company's beliefs and expectations concerning future events. SOURCE Transtar Communications, Inc. -0- 09/10/98 /CONTACT: Investor Relations for Transtar Communications, Inc., 310-388-1040/ /Web site: ol2.net CO: Transtar Communications, Inc.; Info-Lab, Inc. ST: California IN: MLM CPR SU: Good luck all. okee-boy