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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (4796)	3/23/1999 6:58:00 PM
From: sainte-beuve	Read Replies (1) \| Respond to of 52051

SW: Found this news release only now. GRPV Regards - Dirk Tuesday March 23, 08:33 AM Eastern time Company Press Release Group V Subsidiary Delivers 8.4 Million Dollar Pre-paid Phone Card Order to Nation''s Leading Distributor; Blackstone to Introduce Country Specific Cards at Telecom ''99 SAN FRANCISCO--(BUSINESS WIRE)--March 19, 1999--Group V (GRPV) (OTC BB:GRPV) and its subsidiary Academy Network Services (ANS), announced today that they have supplied two highly competitive country specific pre-paid phone cards to Blackstone distributors of Miami, Florida. Blackstone, one of the Nation's top distributors of pre-paid phone cards will introduce these new cards at the telecommunications industry's largest conference and exposition, Telecom '99 in Anaheim, California on March 29th. The retail value of this order is 8.4 million dollars. "We are pleased to supply these highly competitive country specific cards to such a quality distributor as Blackstone, and believe that this association is a win-win proposition for both companies," stated Group V Chairman and Chief Executive Officer, Joseph Monterosso. Group V recently reported a strategic relocation for ANS, positioning the Company to take advantage of competitive rates for both international and domestic telephone charges. ANS will continue to deliver new competitively priced pre-paid products to the dynamic phone card market and anticipates this relocation will result in higher profit margins for ANS. Academy Network Services is a wholly owned subsidiary of Group V Corporation (GRPV) specializing in niche telecommunication products and services. As a long distance carrier, Academy has the ability to support various configurations of pre-paid phone card traffic on its debit platforms and maintains unlimited capacity to support one plus and toll free long distance traffic for a variety of residential and business applications. Group V Corporation (a publicly traded company OTC: GRPV) is a diversified telecommunications company specializing in some of the world's most profitable market segments including one plus, toll free long distance and pre-paid phone card products. Group V has created a network of complementary companies, many of which offer products and services of their own, many of which market, develop or deliver the products of companies within the Group V family. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. Contact: Group V John Steward, 415/575-0227