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Microcap & Penny Stocks : DIAMOND EQUITIES DDEQ -- Ignore unavailable to you. Want to Upgrade?

To: sagaloo who wrote (116)	5/17/1999 2:39:00 PM
From: dexx	Respond to of 1143

Anyone who does not realize the significance of GoProfit's association with Frontier Corporation needs to read the following press release from today, May 17, 1999 regarding the $75 Billion merger of Global Crossing and U.S. West. _________________________________ GLOBAL CROSSING AND U S WEST TO MERGE Leaders In DSL, Next-Generation Network Create First Global & Local Service Provider Will deliver seamless end-to-end connectivity for local, national and international customers. Two separate tracking stocks will provide choice for income and growth investors $75 billion company with 115,000 route miles will connect 185 cities worldwide. HAMILTON, BERMUDA and DENVER, CO, May 17, 1999 - Global Crossing Ltd. (NASDAQ: GBLX) and U S WEST, Inc. (NYSE: USW) today announced a definitive agreement for an industry-transforming merger that will create a seamless end-to-end local-to-global broadband network, provide integrated telecommunications and data services, and accelerate the deployment of high speed Internet services to local, national and global markets. The new company, which will be called Global Crossing Corporation, will be the first Global and Local Service Provider in an era when traditional RBOCs and long distance carriers are becoming obsolete. Including Frontier Corporation (NYSE: FRO), a leading provider of integrated telecommunications and Internet services which is being acquired by Global Crossing, the combination has a current pro forma market capitalization of more than $75 billion. The new company will be 50% owned by Global Crossing/Frontier shareholders and 50% owned by U S WEST shareholders. The three companies had combined 1998 sales in excess of $15 billion; earnings before interest, taxes, depreciation and amortization (EBITDA) of over $6.2 billion, and over 63,000 employees. They will have over 115,000 combined route miles, more than 2.8 million fiber miles and a network linking 19 countries and 185 cities. Solomon D. Trujillo, Chairman, President and CEO of U S WEST, said, "This merger brings together the first mile, the last mile and everything in between. It opens up a new world of advanced communications services to local customers across the globe. It combines all the elements necessary for building the data-centric telecommunications network of the future for both residential and commercial customers." Robert Annunziata, Chief Executive Officer of Global Crossing, said, "This transaction will give local users in the U.S. and around the world seamless access to a full array of advanced data, voice and Internet capabilities and services across a cutting-edge global network. The combination will create an aggressive, high-bandwidth communications carrier which will target telecom markets worldwide. U S WEST's advanced technology and more than 25 million customers in the fastest growing region of the U.S. make it an ideal partner as we continue to expand our global infrastructure..." _________________________________ Inktomi (NASDAQ: INKT) and Frontier Corp. (NYSE: FRO) are BIG names. DDEQ's GoProfit is lining up with the heavy hitters. Dexx