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GROUP V REPORTS STRONG REVENUE OUTLOOK FOR 1999 San Francisco, CA (January 29, 1999): Group V Corporation (OTC BB:GRPV) today announced a strong revenue outlook. With recent orders for pre-paid phone cards adding approximately $1 million to monthly revenue, the growing popularity of the HitLoTTo® Club Card, a new, exclusive marketing agreement with a prominent national organization and its two million members, and Group V's high industry profile as evidenced by the overwhelming response to the Company's offerings at this month's Intele-Card News trade show in Miami - the Company is poised for explosive growth. Group V Corporation (GRPV) is a diversified telecommunications company specializing in some of the most profitable market segments including: one plus and toll free long distance and pre-paid phone card products. Group V's vertical integration strategy puts the Company in an excellent position to significantly reduce the risk of entering new markets by leveraging the strength of its existing subsidiary companies. Group V and its subsidiaries have successfully targeted a 3 Billion dollar per annum pre-paid telephone market and the 38 Billion dollar lottery market, culminating in the recent completion of an exclusive marketing contract for the Company' s products and services to a membership base of over 2 million consumers. Through its wholly owned, facility based long distance carrier, Academy Network Services, Inc. (ANS), the Company received orders for pre-paid phone cards of just under $1,000,000 per month in additional sales revenues in the month of December. The Company has the ability to support various configurations of pre-paid phone card traffic on their debit platforms and maintains unlimited capacity to support one plus and toll free long distance traffic for a variety of businesses and residential applications. Group V's wholly owned subsidiary National Pools Corporation (NPC) produces and markets the revolutionary new product the HitLoTTo Club Card, the only pre-paid phone card That Can Make You Rich! With the HitLoTTo Club Card, anyone can play all the big U.S. lottery jackpots, including Powerball, from the convenience of their telephone. NPC is the only company to market a pre-paid phone card with free lottery play as a purchase incentive. Substantially lower per minute rates of only $.195 assures even greater distribution success for this unique added-value pre-paid phone card. Carried by an increasing number of retail stores nationwide, the HitLoTTo Club Card distribution expansion plans are currently supported with trade magazine advertising and high profile industry exposure. Forward-looking statements in this release are made pursuant to the "safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. | ||||||||||||
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