To: Mandinga who wrote (11397 ) 4/12/1999 11:51:00 AM From: Due Diligence Respond to of 15987
TEIM news: (BSNS WIRE) FCC Issues Tridon Communications Corporation its Internation FCC Issues Tridon Communications Corporation its International Telecommunications Certificate Business Editors BEVERLY HILLS, Calif.--(BUSINESS WIRE)--April 12, 1999--Tridon Enterprises Inc. (OTC BB:TEIM) Monday announced that on Friday, April 9, 1999 its subsidiary, Tridon Communications Corp., received Public Notice from the U.S. Federal Communications Commission that it was issued its International Telecommunications Certificate to provide global or limited global facilities based and resale services in accordance with the provisions of Section 214 of the Communications Act. The company previously announced that it had negotiated and executed a three-year contract with its first customer. Management stated that it is in negotiations with several additional companies for specified international termination services and anticipates signing those carrier agreements over the next several days. Announcements will be made timely upon execution. As previously stated the annual revenue from the first of its carrier agreements is $101,124,000. The additional carrier agreements when signed will provide Tridon Communications with like additional annual revenues per contract. Tridon Communications is proceeding to ramp up its Downtown Los Angeles Operations Center in order to service its international carrier customers. In a few weeks Tridon Communications will come out of its ramp up stage beginning the commercial roll out of its international carrier network. Management stated, "That owing to the huge demand for our services, coupled with our competitive cost and rates, the company is well positioned for substantial earnings in the first quarter of our fiscal year that begins May 1, 1999. Tridon Communications Corporation is well positioned to take advantage of the rapidly emerging opportunities in international telecommunications." Tridon Enterprises Inc. (TEIM) is a fully filed, full 12(g) reporting company with approximately 2000 shareholders. Except for the historical information contained herein, this news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. The company's future actual results could differ materially from the forward-looking statements discussed herein. --30--kwp/la* les/la CONTACT: Tridon Enterprises Paul Ebeling, 310/858-7123 Fax: 310/858-1680 E-mail: TRIDONCOM@aol.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com *** end of story ***