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To: Tom Allinder who wrote (157)6/3/1999 1:25:00 PM
From: Frederick Langford  Read Replies (1) | Respond to of 186
 
TRIT
MONTREAL, Quebec--(BUSINESS WIRE)--June 2, 1999--Triden Telecom Inc. (OTC BB:TRIT) and Marfitech Ltd., a Montreal-based internet development company, have signed a letter of intent regarding the merger of the two companies.

Marfitech Ltd., an internet development company presently working on a travel-industry platform that will allow it to become a major internet portal within a short timeframe, confirmed the news today. Marc Bouchard, vice-president of Marfitech Ltd. announced the signing of the letter of intent with Triden Telecom Inc. The terms of the agreement have not been disclosed, Bouchard stated that: "This will create an enormous opportunity for Marfitech Ltd. and for Triden Telecom Inc., by enabling Triden Telecom Inc. to increase shareholder value, and for Marfitech Ltd. to be able to adequately fund its development."

The merger agreement is subject to due diligence verifications on both parts, which should be completed within the next 60 days.

CONTACT: Marfitech Ltd.
Marc Bouchard, 450/372-5179
bam@total.net