Bernstein Liebhard & Lifshitz Announces: Attention SkyTel Investors: Shareholder Asserts Fraud Claims Against MCI Worldcom.

NEW YORK--(BUSINESS WIRE)--June 16, 1999--

The following was released today by Bernstein Liebhard & Lifshitz, LLP:

A securities class action lawsuit has been commenced in the United States District Court for the Eastern District of New York on behalf of those persons who sold the common stock and call options or purchased the put options of SkyTel Communications, Inc. (NASDAQ:SKYT) ("SkyTel" or the "Company"), between May 25, 1999 and May 28, 1999, inclusive (the "Class Period"). The complaint charges MCI Worldcom, Inc. ("MCI Worldcom") with violations of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

The complaint alleges that MCI Worldcom was considered by the market to be a likely bidder for SkyTel, which had put itself up for sale a few months earlier. In response to inquiries from the financial press about a possible MCI Worldcom-SkyTel merger, MCI Worldcom falsely denied that it was engaged in merger discussions with SkyTel. MCI Worldcom denied the possibility of a merger between the two companies in order to deflate the market price of SkyTel common stock and lower the price it would have to pay to acquire SkyTel.

If you would like to discuss this action or if you have any questions concerning this Notice or your rights as a potential class member or lead plaintiff, you may contact Sandy A. Liebhard Esq., or Michael S. Egan, Esq., at Bernstein Liebhard & Lifshitz, LLP, 10 East 40th Street, New York, New York 10016, [phone] or 212-779-1414 or by e-mail at [e-mail].