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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Kimberly Lee who wrote (8671)	5/16/1999 10:03:00 AM
From: Lal	Respond to of 18998

Has anyone checked out PRCG? Completed reverse takeover on Friday night - has flown from next to nothing to $21 in past few weeks. Spits 4-1 tomorrow - Mkt. cap post split $500 million. Check it out. **************************************** Friday May 14, 6:45 pm Eastern Time Company Press Release SOURCE: Pac-Rim Consulting Inc. Pac-Rim Consulting Inc Announces Completion of Stock Purchase Agreement to Acquire 100% of the Outstanding Share Capital of Telemonde Investments Limited HAMILTON, Bermuda, May 14 /CNW-PRN/ - Symbol PRCG: Pac-Rim Consulting Inc (''Pac-Rim'') is pleased to announce it has completed the previously announced acquisition of 100% of the issued and outstanding common shares of Telemonde Investments Limited in exchange for 8,819,750 common shares of Pac-Rim. The effective date for the previously announced forward split of the Company's issued and outstanding shares, on the basis of 4 for 1 and the Company change of name from Pac-Rim to TELEMONDE INC. (''Telemonde'') will be Monday May 17, 1999. Telemonde is a Bermuda-based carrier's carrier supplying fiber optic bandwidth and added value services to the global telecommunications industry. Telemonde owns substantial capacity and rights over capacity on two state-of-the-art transatlantic fiber optic cable systems: Atlantic Crossing, a subsidiary of Global Crosssing (GBLX) and Gemini Submarine Cable System, a subsidiary of Cable + Wireless (CBLW) and MCI Worldcom (WCOM). These are the first generation of privately financed cable systems following liberalisation in the United States and Europe and offer greater capacity, increased security and improved quality of service. Customers of Telemonde include: Unisource Carriers, Carrier 1 and Telecom Italia (TI).