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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: Richard L. Williams who wrote (12473)	12/8/1998 6:47:00 PM
From: Bruce Galpeer	Respond to of 19331

The only shares that Joe Murphy has ever sold were funds that he loaned to DCI to acquire CardCall last year. CardCall needed a cash infusion of $1.5 million until we completed our buy of them. Joe supplied the balance of the funds. The other filing for this year was just a position statement required by the SEC and nothing more.

To: Richard L. Williams who wrote (12473)	12/8/1998 6:50:00 PM
From: Robert Marzullo	Respond to of 19331

Rick, You can find the following statement on DCTC website... dcic.com ---------------------------------------------------------------------- There is an item in the Annual Report entitled "Due to Shareholders" - could you explain? Note 12 (Related Party Transactions) does not go into the details of the aforementioned question. With the approval of the Board of Directors, Mr. and Mrs. Murphy sold shares in private transactions in March and June of 1997, the proceeds of which were put back into DCI. These proceeds were specifically earmarked for CardCall companies. These transactions were fully reported to the Securities and Exchange Commission via 10Q, 10K, and 144 filings which can be verified through DCI's EDGAR filings (click on stock quote on our home page from there you will see a link to "Insider").