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Technology Stocks : TeraGLOBAL Communications Corp. (TGCC) -- Ignore unavailable to you. Want to Upgrade?

To: Edward Murphy who wrote (139)	1/30/1999 7:50:00 AM
From: TheSlowLane	Respond to of 235

The first club I set up at Yahoo! seems to be irretrievably broken. I've set up a second one and unlisted the first one. clubs.yahoo.com

To: Edward Murphy who wrote (139)	2/16/1999 9:21:00 AM
From: TheSlowLane	Read Replies (1) \| Respond to of 235

Another milestone in the rearview... NEWS RELEASE FOR IMMEDIATE RELEASE TERAGLOBAL COMMUNICATIONS CORP. RAISES $6.8 MILLION IN PRIVATE PLACEMENT February 16, 1999 NASD-BB "TGCC" TGCC Raises Capital in Private Placement San Diego, California: TeraGlobal Communications Corp. (TGCC) recently completed a private placement, raising gross proceeds in excess of $6.8 million. TGCC sold approximately 2.6 million shares of unregistered common stock to complete the raise. The Company intends to use the proceeds from this offering to fund operations and complete the development of its TeraCom product. Management believes that existing cash and cash equivalents will be adequate to finance the Company's operations until significant sales orders for TeraCom are received. While the Company has received purchase orders for sales of initial TeraCom products, the Company does not expect significant sales until the third or fourth quarter of 1999. TERAGLOBALtm COMMUNICATIONS CORP. is a communications technology company with existing products and products under development to fulfill wide market needs. The Company is currently introducing a group of communications technology products and services that include the hardware, software, connectivity, network, and advanced compression technology necessary to deliver real time, point-to-multi-point interactive multimedia communications solutions. The products have been described as revolutionary in their ability to transform the telemedicine, distance training, distance education, and corporate and organizational communications landscape. For further information contact: Darren Seed Telephone: 604.806.0200 E-Mail dseed@teraglobal.com Facsimile: 604.806.0201 Susan Wilson Telephone: 619.231.0555 x118 Facsimile: 619.232-9454 E-Mail swilson@teraglobal.com Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Investors are cautioned that such forward-looking statements involve risk and uncertainties, which could significantly impact the actual results, performance or achievements of the Company, or industry results. Such risks and uncertainties include, but are not limited to, risks associated with the commercialization of the Company's technologies, dependence on intellectual property, uncertainties relating to product development and commercial introduction, rapid technological change and competition, manufacturing uncertainties and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.