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To: SG who wrote (603)	12/30/1998 9:50:00 PM
From: Ie Coan Bie	Respond to of 1916

Check out TELEW, this could be interesting in the coming year, last press released from TELE is Tele - Tech Electro To Purchase Internet Commerce Company, Company Press Release Tech Electro To Purchase Internet Commerce Company Management recognizes the power of the Internet along with traditional sales outlets NEW YORK--(BUSINESS WIRE)--Dec. 3, 1998-- Tech Electro Industries, Inc. (NASDAQ:TELE - news) announced today that it had entered into a letter of intent to acquire 100% of Bostek, Inc. The transaction is subject to fulfillment of a number of conditions, including definitive documentation and financing. Bostek, founded in 1983, is a leading reseller of computers and computer components with corporate headquarters in Massachusetts. Through its Internet brand, American Discount Warehouse (ADW), Bostek sells computer products online at ADW's web site www.pickadw.com, and has reported Internet sales exceeding $2,500,000 in the past three months. Bostek's total sales, including sales to name brand outlets, total $5,000,000 per month during the past year. Steven Scott, Executive Vice President of Tech Electro said, ''The Bostek acquisition commits us to E-commerce, and gives us an excellent distribution channel on the Internet. We attribute Bostek's success to its excellent management team. Tech Electro hopes to keep this team as the basis for growth in this sector.'' David Romano, President of Bostek, Inc. added, ''We are very excited about this transaction. It will help us expand our business and offer improved opportunities to our customers, vendors and employees. We will be in a much stronger position to compete on the Internet.'' The transaction is designed to be non-dilutive to TELE shareholders. TELE currently has 4,133,000 shares outstanding. The press release includes forward looking statements that involve risks and uncertainties, including, but not limited to, competitive pressures from within the computer industry and Internet, fluctuations in results, management of growth and other risks. Actual results may differ materially from management expectations. I think this Co. has big potential on 1999, But still do your DD, before you buy any stock Abi