CCC GlobalCom Corporation Announces the Acquisition of Certain Assets From Equalnet Communications Corp.

Business Editors & High-Tech Writers

HOUSTON, Texas--(BUSINESS WIRE)--April 6, 2001

CCC GlobalCom Corporation (OTCBB:CCGC) announced today that it has completed the acquisition of selected assets from Equalnet Communications Corp. (OTCBB:ENET).

The assets acquired include: a customer base of approximately 30,000 long distance customers, 65 employees, and telecommunication hardware switching equipment and networks. CCC GlobalCom and Equalnet will combine the operations into 32,000 square feet of office space previously occupied by Equalnet.

The acquisition was funded in part by a $10,000,000 revolving line of credit provided by RFC Capital Corporation (www.rfccapital.com). RFC Capital is a specialized commercial finance company servicing the needs of high growth companies in technology driven industries and is a division of Textron Financial Corporation, a diversified commercial finance company with $7.9 billion in managed receivables.

According to Mr. Z.A. Hakim, Chairman and CEO of CCC GlobalCom Corporation, "CCC GlobalCom is extremely excited about this acquisition. The acquisition fits well into the Company's merger and acquisition strategy of building an expedient revenue model through the acquisition of domestic and international customers including the deployment of state of the art telecommunication equipment. This acquisition, combined with the two previous acquisitions since going public last June, marks the creation of an integrated facilities-based, competitive local exchange service provider. The acquisition specifically adds approximately 30,000 long distance customers giving CCC GlobalCom a customer base in all 50 States. In addition, the acquisition includes the purchase of two Class four switches and two enhanced (debit card) platforms from d-Tel Networks, L.L.C. to add to the CCC GlobalCom network. The equipment will change the current operations from a 'Switchless Reseller' to a facilities-based service provider. Equalnet is currently generating approximately $1,200,000 in monthly revenue. CCC GlobalCom will immediately market to the Equalnet customers a bundle of communication services (local, long distance, etc.) and provide them with one point of contact for all their communication needs. In achieving this objective, operating margins are expected to be increased."

Mr. Hakim added, "We are also pleased with establishing a relationship with RFC Capital Corporation. The line of credit will allow CCC to pursue other opportunities that might present themselves to us in the future."

CCC GlobalCom Corporation is a telecommunications company headquartered in Houston, Texas. The Corporation is an integrated communications provider offering a full range of communications services to commercial and residential customers, while providing for a single point of contact through bundled billing services. The Corporation provides its' services as a Competitive Local Exchange Carrier (CLEC). The Corporation provides local, long distance, high speed data, Internet, Paging, Cellular and other enhanced communications services in the Southwest Region of the United States and plans to offer similar services to more than thirty (30) U.S. markets over the next 12 months. In addition, the Corporation is finalizing certain agreements for telecommunications services in Latin America and Indonesia. The Corporation is actively engaged in discussions, negotiations, and has executed Letters of Intent to acquire existing telecommunication service providers, customer bases, and major telecommunication switching equipment to be deployed worldwide. For more information about our company, please refer to our Web site at www.cccglobalcom.com.

Statements in this release, which express a belief, expectation, or intention, as well as those, which are not historical fact, are forward looking. They involve a number of risks and uncertainties, which may cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include factors detailed from time to time in the Company's filings with the Securities and Exchange Commission.