DIGITEC Appoints Charles Garber as Chief Financial Officer.NEW YORK--(BUSINESS WIRE)--June 9, 1998-- 25-Year Veteran of Telecom Start-Ups and Bell Operating Companies DIGITEC 2000, Inc. (OTC/BB: DGTT DGTT Direcção-Geral dos Transportes Terrestres (Portugal) ), a leading provider of prepaid telecommunications services, announced today that Charles N. Garber, a former Cincinnati Bell Cincinnati Bell is the dominant telephone company for Cincinnati, Ohio and its nearby suburbs in Ohio, Indiana and Kentucky. The parent company is named Cincinnati Bell Inc. and BellSouth executive, has joined the company as Chief Financial Officer. Garber, 50, has 25 years of financial, strategic and operating experience with several Bell companies as well as telecom start-ups. For the last two years, Garber was Chief Financial Officer of CellularVision USA, a provider of broadband wireless See wireless broadband. telecommunications services in 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 . From 1994-1996, Garber was Senior Vice President - Corporate Planning & Strategic Development for ICS (1) (Internet Connection Sharing) A Windows feature that enables two or more computers to share one Internet connection. First introduced in Windows 98 Second Edition, sharing is accomplished with network address translation (NAT), which is the common method. Communications, a telecommunications services provider partly owned by MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. . Prior to that, Garber held numerous positions at Cincinnati Bell, including Senior Vice President - Treasurer & Controller and also head of Corporate Development. Garber also held management positions with BellSouth, including Treasurer of BellSouth Capital Funding, and senior positions with AT&T and Bell Atlantic. Garber holds MBA-Finance and BS-Electrical Engineering degrees from Virginia Tech, and is a Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. and registered Professional Engineer. He will be based in New York and report to Frank Magliato, Chairman and Chief Executive Officer of Digitec. "Charlie Garber's experience with several well-known telecommunications companies, ranging from start-ups to multi-billion dollar carriers, will be valuable to Digitec," commented Magliato. "Charlie knows how to manage the financial operations of small companies, and also has the experience necessary to implement the systems and staffing that are required of large companies. His extensive financial, strategic and operating experience will be a valuable addition to our senior management team. In addition, Charlie's years of experience in analyzing and negotiating billions of dollars in completed financing and M&A transactions will be extremely helpful to Digitec as we build the premier prepaid telecommunications services company through a combination of internal growth and acquisitions." 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, Mexico Direct, 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. , F/X Quisqueya, F/X Asia and Brasil Direct are among the most prominent brands in the retail market. DIGITEC Direct, F/X, Mexico Direct, F/X South America, F/X Quisqueya and Brasil Direct are trademarks or pending trademarks of DIGITEC 2000, Inc.
CONTACT: DIGITEC 2000, Inc.
Frank Magliato
Chief Executive Officer
212-944-8888
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