Americom Networks International, Inc. Announces Joint Venture Agreement to Operate Enhanced Telecommunication and Internet Services in Nigeria.

NEW YORK--(BUSINESS WIRE)--March 29, 1999--Americom Networks International Inc. (OTC BB: ANIW), a U.S.-based high-tech communications company, has concluded a Joint Venture Agreement with ISS Networks Limited to provide Internet and enhanced telecommunications services in Nigeria.

The service, using wireless modem and dial-up access, will be made available to businesses and consumers during the second half of 1999, according to Mary Ellen Tefarikis, president of Americom International.

ISS Networks Limited has been awarded VSAT and Internet service provider licenses from the Nigerian Communications Commission for the joint venture. The commission's policy is to encourage Nigerian private sector initiatives in linking the country with the rest of the world to benefit Nigeria's economy and public services. Americom International's Internet access and high-speed communications systems will benefit agriculture in Nigeria by providing access to information such as pest control, farm practices and drought management. Other beneficiaries will include Nigeria's educational system, medical community and business community at large.

The joint venture is in keeping with Americom International's strategy of entering niche markets in third world countries in need of an improved communications infrastructure. Americom's economy of scale enables the company to realize high profit margins while delivering quality communications services at low cost. This enables multiple customers, from the average citizen to medial facilities and schools, to utilize the enhanced communications services for a better quality of life.

ISS Networks Limited, incorporated in Nigeria to engage in the business of information dissemination, is a subsidiary company of International Standard Securities Limited ("ISS"). ISS is a dealing member of the Nigerian Stock Exchange. The company is licensed by the Securities & Exchange Commission and the Central Bank of Nigeria to provide Issuing House and Financial services functions, respectively. With its wireless VSAT and ISP licenses and material investment in information technology, ISS Networks Limited can provide high-speed, reliable and cost- effective Internet access, thereby reiterating the philosophy of its parent company to ensure genuine local commitment and efficient global delivery.

Americom Networks International Inc. is an FCC-licensed high-tech communications provider, offering value-added services to carefully targeted market segments. ANI has the ability to create unique value in that it owns the network, including media, technical equipment and market niche by working with local partners who know the customers and the market.