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Technology Stocks : TWTI - Total World Telecom -- Ignore unavailable to you. Want to Upgrade?

To: dwight vickers who wrote (7331)	12/29/1998 12:45:00 PM
From: Steve Baynes	Respond to of 7388

Tuesday December 29, 9:52 am Eastern Time Company Press Release Total World Tele-Communications Inc. Reorganizes With the Appointment of New Management MIAMI--(BUSINESS WIRE)--Dec. 29, 1998--Total World Tele-Communications Inc. (OTC:TWTI - news), has reorganized with the appointment of a new management team which is committed to regaining the company's financial solvency. Additionally, new management will pursue an aggressive acquisition program, while taking advantage of a tax loss carry forward available to the company. Under the direction of strong leadership, Total World Tele-Communications is committed to building a proficient management team that will have both the experience and empowerment to identify and implement essential changes within strategic operations. This fundamental concept will enable the company to enter 1999 and the next millennium with renewed energy and focus to support an aggressive acquisition campaign. Total World Tele-Communications has completed its first step under the reorganization plan and is in the process of negotiating and analyzing other opportunities that can be developed into a self-sufficient business. These opportunities are intended to align with the company's strategy, as a holding company, of resurrecting an operational and financially solvent foundation poised for aggressive and profitable growth. Certain oral and written statements of management of the company included in this press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, that involve risks and uncertainties that could cause actual results to differ materially. Contact: Investor Relations Services Inc. Tom Biggs, 904/409-0200

To: dwight vickers who wrote (7331)	12/29/1998 3:31:00 PM
From: Mike Sawyer	Read Replies (1) \| Respond to of 7388

I tried calling Tom Biggs and he was not in the office. His secretary said that he would return my call tomorrow...we'll see what he has to say. Dwight, since TWTI was a holding company...would that allow them to use the tax-loss carry forward if they acquire other companies. They had their messy fingers in several areas before. I wonder if that might be a loop hole for them to jump through. One thing I was told a few months ago was that the old Lents dogs are completely out and some large common shareholders are running things now. Alvarez and Bowen I think were two of the names. That's why the common stock was not erased as they stepped in on behalf of the common shareholder. I don't know if it's going to be the same crooked game but I've got nothing to lose...and all to gain if they can get this stock anywhere above zero. So I'll sit and wait. Mike