'No Reverse Split' Says Talk Visual Chairman Michael J. Zwebner.

Business/Technology Editors

MIAMI--(BUSINESS WIRE)--May 10, 2001

(OTC-BB:TVCP - news). TALK VISUAL CORPORATION Chairman Michael J. Zwebner announced today that the Company will not do a reverse split at this time. This announcement counteracts earlier approval by the Company's Board of Directors, which authorized management at its discretion to implement a three-to-one reverse split as described in the Company's annual report on form 10-KSB for the year ended December 31, 2000.

Speaking from his office in London UK, Mr. Zwebner said "We fully recognize the continuation and impact of the depressed conditions prevailing in domestic and foreign equity markets. The Directors of Talk Visual Corporation have decided that it is in the best interests of shareholders and the development of the Company to raise any necessary operating funds through divestiture of some of the Company's real property portfolio assets. By converting real property to quick assets, management will be able to realize sufficient cash to properly fund the Company's business development."

Mr. Zwebner commented further that "consistent and prudent cost-cutting actions by our dedicated management team has reduced the `cash burn' rate from about $400,000 per month in late 2000, to approximately $100,000 per month today - a far more manageable situation. In the very near future, we believe that the Company will achieve breakeven for all its retail and trading operations. Management and Directors recognize that positive cash flow, and bottom-line profits, are essential elements needed to increase the market value of the Company's shares. Satisfying our shareholders is a major concern of the Company's management and Directors, who view good shareholder relationships as an important asset of the Company."

The Company is making plans to raise additional investment cash for operations over the next 60 day period without the need to reverse the outstanding shares. It is management's intention to request shareholder approval for an increase in the authorized share capital at the next Annual General Meeting, now being scheduled for early July at a date to be announced.

ABOUT TALK VISUAL CORPORATION

Talk Visual Corporation (OTC-BB: TVCP - news) is a pioneer in the video teleconferencing industry. It is developing global retail facilities to accommodate the growing video-communications needs of two key market segments: businesses and expatriate ethnic populations. Talk Visual can be reached toll-free at 1-877-22VIDEO within the United States, or at 305 572-0575 from abroad.

A list of Talk Visual's videocalling shops is at www.talkvisual.com. Talk Visual sells pagers at www.beeperforabuck.com. Visitors are directed to visit the company's home page at www.talkvisual.com and click on the FAQ section, and or to read the Executives Corner message.

Statements in this press release that are not historical including statements regarding Talk Visual or management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Such statements include statements regarding the effect of equity market conditions on the Company and its fundraising and operational abilities; the impact of the Company's proposed divestiture of real estate assets on the Company's general development and its value to the Company's shareholders; the ability of the Company to achieve operational breakeven in the near future; whether the Company's reaching breakeven will increase the market value of the Company's shares; whether the achievement of a breakeven operation will assist in the improvement and maintenance of good shareholder relations; whether the Company will successfully dispose of real estate assets for the purpose of raising operating capital; and whether the Company's proposed request for an increase in the authorized share capital at the upcoming Annual General Meeting will be approved by the shareholders.

It is important to note that the Company's actual results could differ materially from those in any forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. Factors that could cause actual results to differ materially include the impact of equity market conditions on the Company's operations and fundraising; the response of potential buyers to the Company's proffered real estate sale; the reaction of consumers and businesses to the Company's new and existing products and services and the impact of such reactions on the Company's cash flow; the market conditions which might impact shareholders' decisions to increase the authorized share capital of the Company at the proposed upcoming Annual General Meeting of the Corporation; and other risk factors listed from time to time in the Company's SEC reports, including but not limited to, the annual report on form 10-KSB for the year ended December 31, 2000. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.