To: Impristine who wrote (1427 ) 2/1/1999 3:33:00 PM From: Sir Auric Goldfinger Read Replies (2) | Respond to of 19428
"GTCC TO FIERCELY COMPETE WITH AT&T AND USA TALKS.COM by Offering Flat Rate Long Distance Plan 1/28/99 12:43" Hmm, this press release does not sound to good to me on the timing front. Talk about bad timing and bad name associations.... "GTCC Increases Array of Long Distance Services and Creates New E-Commerce Niche COSTA MESA, Calif., Jan. 28 /PRNewswire/ -- In addition to offering its 5.9 cents per minute long distance rate, GTC Telecom (OTC Bulletin Board: GTCC) today announced that it will introduce a flat rate long distance package that will compete with similar services recently offered by companies like AT&T (NYSE: T) and USA Talks.com, Inc. (OTC Bulletin Board: USAT). This service will utilize GTC Telecom's proprietary voice over IP technology and private network backbone, providing customers with outstanding clarity and quality. Eric Clemons, GTC Telecom's Chief Operating Officer stated, "We are extremely pleased to be able to offer our customers this technology with the clarity included from a private network backbone. In addition, our flat rate program will be significantly easier to use than other existing programs. With GTC Telecom there will be no access numbers to dial or codes to remember. The customer will continue to dial their long distance telephone calls as normal, simply 1 plus the number." Clemons continued, "GTC plans to launch the flat rate program on February 15, 1999 simultaneously with our e-commerce long distance calling card store that is mirrored after Amazon.com (Nasdaq: AMZN). We plan to announce more details regarding this service and many of GTC's other new products on our February 1st conference call." "Telecommunications is an exciting industry and now that GTC has been able to combine this market sector with the e-commerce industry, we believe that we are creating our own market niche, much like the online auctioneers EBAY (Nasdaq: EBAY), Onsale, Inc. (Nasdaq: ONSL) and Ubid, Inc. (Nasdaq: UBID) recently did," stated Clemons. In order to receive more information regarding the conference call, please contact The Michelson Group (800) 824-4011 ext. 125 or email michelson@95net.com. To sign up and/or receive more information on the Company's long distance services, access GTC Telecom's website at www.gtctelecom.com. Founded in 1997, GTC Telecom is an interexchange carrier, providing long distance service to small and medium sized businesses as well as residential customers throughout the United States. Currently, GTC believes that they have the lowest long distance rates nationwide. GTC's long distance service offerings include outbound service, inbound toll-free 800 service, and dedicated private line services for data. GTC's position as an interexchange carrier gives the company the ability to function as a large telecom company but alleviates the overhead, thus allowing GTC to have rates lower than many of their competitors. Visit GTC's web site at www.gtctelecom.com. Included in this release are "forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors. SOURCE GTC Telecom -0- 01/28/99 /CONTACT: The Michelson Group, Inc., 800-824-4012, for GTC Telecom/ /Web site: michelsongroup.com /Web site: gtctelecom.com (GTCC USAT T)