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

To: Colin Cody who wrote (13378)	1/7/1999 10:38:00 AM
From: Grupo Brad	Read Replies (1) \| Respond to of 19331

Colin, You could be very right but I am not a day-trader type. They deserve what they get. Thanks to Joe Murphy doing puts at 25-30 bucks on SMTK he has been able to position us as he has with so little other financial backing. THINGS are about to change. I'm sure the flippers and short-termers will have a ball with SMTK but you are very much more experienced in these types of trades than I can ever hope to be. Guess that's why I have been so loyal. <gg> "Grupo Brad"

To: Colin Cody who wrote (13378)	1/7/1999 11:01:00 AM
From: Grupo Brad	Respond to of 19331

(COMTEX) B: SmarTalk Announces Discovery of Accounting Issues B: SmarTalk Announces Discovery of Accounting Issues COLUMBUS, OHIO (Jan. 7) BUSINESS WIRE -Jan. 7, 1999--SmarTalk TeleServices, Inc. (Nasdaq:SMTK) (the "Company") today announced that it has discovered accounting issues that will likely require a restatement of previously reported results for the third quarter ended September 30, 1998 and are expected to have a material adverse effect on such results. The Company has discovered issues that could decrease by approximately $3.6 million the Company's previously reported third quarter revenues of $59.8 million, increase third quarter costs by approximately $2.2 million, and could increase by approximately $0.21 the previously reported third quarter net loss per share of $0.82. These preliminary estimates are currently being reviewed and have not been fully quantified. There can be no assurance that the Company will not discover other accounting issues that could materially adversely affect SmarTalk's restated third quarter financial results. It is expected that the Company will experience difficulty in financing its liquidity requirements, both in the long and short term. The Company has retained Zolfo Cooper LLC to provide management

To: Colin Cody who wrote (13378)	1/7/1999 11:04:00 AM
From: Grupo Brad	Respond to of 19331

assistance. SmarTalk TeleServices, Inc. is a leading provider of prepaid calling cards and prepaid wireless services. Based in Dublin, Ohio, SmarTalk maintains distribution agreements with the U.S. Postal Service and leading mass merchandisers, consumer electronics retailers, supermarkets, hotels, home office superstores and convenience stores throughout North America and the U.K. SmarTalk also creates promotional card programs for advertisers and corporate clients. Visit the SmarTalk website at www.smartalk.com. Note: Certain statements made herein that are not historical in nature are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including: the estimated impact of the accounting issues on the Company's financial results, including its net loss for the third quarter ended September 30, 1998; and the Company's ability to continue financing its liquidity requirements. Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements. These risks include, without limitation,

To: Colin Cody who wrote (13378)	1/7/1999 11:06:00 AM
From: Grupo Brad	Respond to of 19331

risks relating to: the possibility that additional accounting issues may be identified in connection with the anticipated restatement; the risk that the SEC could disagree with the Company's accounting treatment with respect to specific items; possible difficulty in obtaining financing to meet the Company's liquidity requirements; and difficulty in integrating the Company's operations. Investors who seek more information about the Company's business and relevant risk factors may wish to review the Company's SEC reports, including, without limitation, its Annual Report on Form 10-K for 1997 and its Quarterly Reports on Form 10-Q, as each of such documents may be amended. -0- jam/clv* CONTACT: SmarTalk TeleServices Pamela Bennett, 614/789-8650 Manager, Corporate Communications KEYWORD: OHIO INDUSTRY KEYWORD: TELECOMMUNICATIONS COMED COMPUTERS/ELECTRONICS Today's News On The Net - Business Wire's full file on the Internet

To: Colin Cody who wrote (13378)	1/7/1999 11:10:00 AM
From: Grupo Brad	Respond to of 19331

(REUTERS) Smartalk<SMTK.O> expects to restate Q3 loss higher Smartalk<SMTK.O> expects to restate Q3 loss higher COLUMBUS, Ohio, Jan 7 (Reuters) - SmarTalk TeleServices Inc., a prepaid calling card company, on Thursday said it had discovered accounting issues that could increase its third quarter net loss by around $0.21 per share. In late October the Columbus, Ohio, company said it had revised downwards its revenues for the first half of 1998 and all of 1997 and warned that results for the rest of the year would be cut by its accounting review. In a statement, SmarTalk said it had discovered issues that could decrease by around $3.6 million its previously reported third quarter revenues of $59.8 million. The issues could increase third quarter costs by around $2.2 million, and increase by around $0.21 the previously reported third quarter net loss per share of $0.82. SmarTalk said it expected difficulty in financing its liquidity requirements, both in the long and short term, and has retained Zolfo Cooper LLC to provide management assistance. ((New York News Desk 212 859-1700))