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

To: Robert Marzullo who wrote (12897)	12/18/1998 8:54:00 AM
From: Grupo Brad	Respond to of 19331

Bob, Thanks for the news. I'll have to turn on my TOL and take a look. "Grupo Brad"

To: Robert Marzullo who wrote (12897)	12/18/1998 8:59:00 AM
From: Grupo Brad	Read Replies (1) \| Respond to of 19331

(COMTEX) B: WAVETECH EFFECTS REVERSE STOCK SPLIT B: WAVETECH EFFECTS REVERSE STOCK SPLIT TUCSON, Ariz., Dec. 18 /PRNewswire/ -- Wavetech International, Inc. (Nasdaq: ITEL) announced today that it has effected a one-for-six reverse split of all issued and outstanding shares of its Common Stock, $.001 par value per share. The reverse split was approved by the shareholders at a Special Meeting held earlier this year. Gerald I. Quinn, President and CEO of Wavetech said, "This reverse split is necessary to consummate our pending merger with DCI Telecommunications and fulfill our requirements to continue listing on The Nasdaq SmallCap Market. Our focus now is to conclude our DCI merger without delay and build the proper foundation that will provide long-term value to our shareholders." Shareholders holding certificates representing Wavetech Common Stock will receive instructions for the reissue of new certificates representing the change in the number of shares held. Those shareholders who do not hold certificates, but hold shares by their broker, have automatically had their number of shares held adjusted.