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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Wolff who wrote (25163)	3/29/1999 6:51:00 PM
From: StockDung	Respond to of 122087

The SEC will also be asking them if there is a UCC filing for equipment where Comdisco did the leasing and CYOE sold the equipment. NEWS RELEASE Contact: Tony Squeglia Coyote Network Systems (818) 735-5385 E-mail: A.Squeglia@cyoe.com Coyote Network Systems Helps TSC "Find" AGT's License Westlake Village, CA – December 17, 1998 – Coyote Network Systems, Inc. (Nasdaq: CYOE) said today it received an inquiry from a reporter with TheStreet.Com (TSC) regarding the licensing status of its American Gateway Telecommunications (AGT) long distance services company. The Company directed TSC's reporter to the FCC's Website which references AGT's "Part 214" License, which was publicly noticed on May 28, 1998. A Part 214 License grants carriers global or limited global facilities-based authority and/or global or limited global resale authority. The TSC reporter claimed an "unidentified source" at the FCC said that he could not find reference to AGT's Part 214 License. On Tuesday, the Company issued a news release stating AGT initiated and was carrying international long distance traffic for a Crescent Communications' customer. A TSC editor also notified the Company that he could not arrange to meet Company officials at its engineering facility in Richardson, TX, on short notice. The Company originally invited James J. Cramer, co-chairman,TSC, to meet with Coyote's chief executive and chief operating officers after TSC published articles the Company believes were incomplete, misleading and caused serious harm to its shareholders, customers and vendors. About Coyote Network Systems Headquartered in Westlake Village, CA, Coyote Network Systems (CNS) provides telecom equipment, international and domestic long distance services, and "backroom" operations and support to carriers and affinity-based groups. Coyote Technologies provides scalable Class 4/5 and Internet Protocol gateway switches. Headquartered in Houston, TX, American Gateway Telecommunications provides international long distance services to carriers. Headquartered in Los Angeles, CA, Interactive Network Systems markets international long distance services, primarily to affinity groups. CNS is authorized to provide competitive local exchange carrier (CLEC) services in the State of California. For more information, please visit the Company's Web site: cyoe.com The statements in this news release may be considered "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance suggested in this news release. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For more complete information, please refer to the Company's Form 10-K and Form 10-Q filings with the SEC.