Blue Ridge merger, new long-term credit facility, to be addressed in teleconference Tuesday.BATON ROUGE Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La.--(BUSINESS WIRE)--July 9, 1996--Network Long Distance (NASDAQ NASDAQin full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NTWK) yesterday announced it has effectively doubled its call switching and routing capabilities -- and has established an East Coast sales and operations base -- by completing the first merger of its recently expanded mergers and acquisitions programs. NTWK's merger with Blue Ridge Blue Ridge, eastern range of the Appalachian Mts., extending south from S Pa. to N Ga.; highest mountains in the E United States. Mt. Mitchell, 6,684 ft (2,037 m) high, is the tallest peak. Beginning with a narrow ridge in the north, c. Telephone Company/Long Distance Telecom, Inc. of Washington, D.C. -- and its newly completed $14.25 million long term credit facility with NationsBank Corp. -- will be among the topics open for discussion during an "open line" teleconference to be held at the close of market today, Tuesday, July 9, 1996, at 4:00 p.m. Eastern Time (3:00 p.m. Central Time). Members of NTWK executive management will be available to discuss the merits and benefits of the Blue Ridge merger, as well as the company's previous acquisitions, its new credit facility and its strategy for continuing to grow NTWK toward its goal of becoming a Tier II long distance carrier primarily through its strategy of merging with and/or acquiring other small-to-medium-sized telecommunications companies See telecom company. . All current and prospective investors, institutional portfolio managers, securities analysts, members of the brokerage community, the news media and other interested parties are welcome to participate. To take part in the teleconference, participants simply need to dial, toll-free, 1-800-967-7184. Network Long Distance, established in 1979 (five years prior to the break-up of the original Bell System), is recognized as a pioneer in the long distance resale industry. Certified See certification. and operating in all 48 contiguous states, the company is currently ranked among the nation's fastest-growing inter-exchange carriers (communications) inter-exchange carrier - (IXC) A company allowed to handle long-distance calls following the break-up of the Bell system in the US by anti-trust regulators. offering both digital switch-based and switchless fiber optic services to commercial and residential end-user customers, full service independent agents and other long distance concerns. Stock of Network Long Distance trades on The NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol "NTWK." CONTACT: Network Long Distance, Inc., Baton Rouge Louis J. Resweber, 504/377-2111 or 800/321-NTWK or ntwklou@premier.net |
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