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Technology Stocks : Euroweb International - NASDAQ: EWEB -- Ignore unavailable to you. Want to Upgrade?

To: Mark Woolfson who wrote (244)	4/19/1999 10:39:00 AM
From: GARY P GROBBEL	Read Replies (2) \| Respond to of 566

EWEB just keeps growing...the company is building a foundation for internet/e-commerce services in Eastern Europe that is going to look attractive to larger players down the road. Or EWEB will simply become a larger player through their own dynamics. Either way this situation looks good. This release about 20 min ago...stock around 2 2/4 on Nasdaq: (COMTEX) B: EUROWEB ANNOUNCES INTERNET ACCESS SERVICE B: EUROWEB ANNOUNCES INTERNET ACCESS SERVICE Contract with CG Sat - Matel Local Telecom NEW YORK, April 19 /PRNewswire/ -- EuroWeb International Corp. (Nasdaq: EWEB) reported through its Chairman, Frank R. Cohen that the Company had been selected to provide Internet access and data transfer services to CG Sat - Matel, which is one of the biggest local concession telecommunications service companies in Hungary. From the 55 telecommunications primary areas of Hungary, 18 owned by public telephone companies. CG Sat - Matel has 5 zones at its disposal. Together with concession zones of the earlier contract concluded with local telecom HTCC, EuroWeb will be able to reach nearly a half million telephone users and supply them with its Internet service. This is approximately 13.5% of the total telephone users of Hungary. The Company expects these services to be initiated by May 1999, and to contribute significantly to the Company's revenues going forward. EuroWeb is a major Internet services provider in Hungary and has agreements to acquire significant Internet service companies in Slovakia and the Czech Republic. SOURCE EuroWeb International Corp. -0- 04/19/99 /CONTACT: Robert Genova, President, for EuroWeb International, 973-927-6560/ (EWEB) CO: EuroWeb International Corp.; CG Sat - Matel ST: New York, Hungary IN: CPR MLM TLS SU: CON * end of story *