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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: Dorine Essey who wrote (16017)	5/4/1999 9:48:00 AM
From: steve phil	Read Replies (1) \| Respond to of 19331

Dorine maybe you should be happy its at $1.00 how things are going. Wavetech Terminates Merger Agreement with DCI; Temporary Halt in Wavetech Trading TUCSON, Ariz., May 4 /PRNewswire/ -- Wavetech International, Inc. (Nasdaq: ITEL) today announced that it will not be merging with DCI Telecommunications, Inc. (OTC Bulletin Board: DCTC). Wavetech terminated the Merger Agreement with DCI pursuant to its terms because Wavetech had determined that it was not reasonably likely that the conditions to the merger would be satisfied prior to the expiration of the Merger Agreement. Trading in Wavetech's Common Stock on the Nasdaq SmallCap Market was temporarily halted yesterday by The Nasdaq Stock Watch Department for news pending. In addition, the SEC suspended trading in DCI's stock through May 14, 1999. This press release contains certain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to the uncertainty of the Company's ability to satisfy the conditions to the continued listing of its Common Stock on The Nasdaq SmallCap Market, and other factors detailed by Wavetech in its filings with the Securities and Exchange Commission. /CONTACT: Richard Freeman, Investor Relations of Wavetech International, Inc., 520-750-9093, ext. 203/