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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: marlene who wrote (30158)	4/8/1999 9:58:00 AM
From: Manzanillo	Read Replies (1) \| Respond to of 31646

*OFF TOPIC* The end of the GARD scam: Corrective Release SAN FRANCISCO and LONDON--(BUSINESS WIRE)--April 8, 1999-- GS Telecom, Ltd. (OTC BB:GARD) Concerns have been expressed in conversations with staff members of the Securities and Exchange Commission regarding statements of the company, which include such things as projected revenue dollar figures made in previous releases. To satisfy such concerns, the company retracts all references to future projected earnings previously asserted: specifically, the estimate of $1-Billion in sales revenue in the year 2004. SEC regulations prohibit small companies from projecting profits or sales with no historical record of achieving such results. While the company believes any projections they have made are based on sound analytical principles and is committed to an operational and marketing process toward the achievement of such market targets, after careful considering of SEC regulations and Safe Harbor Rules, the company cautions the public against relying on any business projections when there is no history of such achievement by the company in the projected market. Such internal projections are based on numerous assumptions which may or may not be realized. The company cannot, with assurance, make any estimation of future market share at this time. The company is committed to maintaining full compliance with all Securities and Exchange Regulations, and any and all other applicable laws. Dr. Steve Gillam, Chairman of the Board of Directors, asserts, "We affirmatively uphold the spirit and the letter of the laws governing our business practices. We invite close scrutiny by investors, media, the public, and regulatory agencies with jurisdiction in our industry." "Please direct any inquiries about this, or any other press release, to GS Telecom, Ltd. at 011-44-171-587-3687." CONTACT: GS Telecom, Ltd. Headquarters, 011-44-171-587-3687 or GS Telecom, Ltd. Public and Media Relations, 602/265-9463 or 602/952-2615 KEYWORD: INTERNATIONAL CANADA BW0010 APR 08,1999 2:18 PACIFIC 05:18 EASTERN