Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : GROUP V (GRPV) $.06 ON THE MOVE, BREAKING OUT -- Ignore unavailable to you. Want to Upgrade?

To: bob sims who wrote (103)	4/10/1999 6:41:00 AM
From: bob sims	Respond to of 238

GROUP V SUBSIDIARY FULFILLS 1.1 MILLION DOLLAR PRE-PAID PHONE CARD ORDER - Worldwide Prepaid, Inc. Begins Distribution of Two New Pre-Paid Phone Cards- San Francisco, CA (April 9, 1999): Group V Corporation (GRPV) and its subsidiary Academy Network Services (ANS), announced today that they have supplied Worldwide Prepaid, Inc. with a $1.1 Million pre-paid phone card order. Worldwide Prepaid, an industry leader, has introduced the two new country specific cards to supplement its well-established product line. Based in Florida, Worldwide Prepaid has commenced nationwide distribution of the cards, which feature exceptionally low rates to Mexico, Europe and North America. Group V Chairman and Chief Executive Officer, Joseph Monterosso stated, "We fully expect these highly competitive cards to be extremely successful in the marketplace and are pleased to supply Worldwide Prepaid with high quality telecommunications products." Monterosso added, "Our recent sales to top pre-paid phone card distributors demonstrates ANS's ability to provide competitively priced products to the phone card industry." The Company anticipates that future orders from Worldwide Prepaid will generate $1 Million per month and expects this amount to increase in the third quarter. "I am extremely pleased to be working with Group V and Academy Network Services," said Steven K. Wiener, President of Worldwide Prepaid, Inc. Wiener continued, "Their experienced team of professionals has excelled at providing reliable network and pre-paid card services for many years. This agreement will provide the conduit for increased revenues for both of our companies." 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 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.