DIGITEC 2000, Inc. Signs Letter of Intent to Acquire the Assets of Phone Card Wholesalers, Inc.NEW YORK--(BUSINESS WIRE)--March 17, 1998--DIGITEC 2000, Inc. (OTC/BB: DGTT DGTT Direcção-Geral dos Transportes Terrestres (Portugal) ), announced today that it has signed a letter of intent to acquire the distribution base of Phone Card Wholesalers, Inc., one of the largest phone card distributors in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Phone Card recorded revenues in excess of $15 million in the last year. Frank Magliato, Chairman and Chief Executive Officer said, "We will continue to expand internally and through acquisition. This distribution blends very well with our existing base and supports the growth of our business." DIGITEC 2000, Inc. is a leading provider of prepaid telecommunications products and services. The Company develops customized corporate and affinity prepaid phone card programs as well as promotional and premium programs for major corporations. The Company's DIGITEC Direct (TM), F/X F/X Effects (TM), F/X Mexico, F/X South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Caribbean Direct are among the most prominent brands in the retail market. -0- The statements made in this press release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations. In addition to the matters described in this press release, risk factors listed from time to time in the Company's SEC reports and filings, including, but not limited to, its report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 1997 may affect the results achieved by the Company. CONTACT: DIGITEC 2000 Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Frank Magliato, 212/944-8888 |
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