DataStream Global Communications Acquires Pensat International Communications, Inc.

Business Editors/Hi-Tech Writers

WASHINGTON--(BUSINESS WIRE)--Feb. 8, 2001

Philip A. Verruto, Chairman and CEO of DataStream Global Communications (CDXX on Pink Sheets), today announced the acquisition of Pensat International Communications, Inc.

"In keeping with our recent announcement of a new direction for the company, this is the first in what we expect to be a series of strategic acquisitions of Integrated Communications Providers (ICPs) serving the Hispanic and Arabic speaking populations around the world", said Verruto.

"Pensat is the first subsidiary in the new DataStream business plan and Pensat's profile matches our acquisition model perfectly," Verruto said. "Pensat currently has licensed data and telephony operations in Spain, Brazil and the USA and operates under a special exclusive agreement with the government owned telephone company in Syria". Commenting further on the Pensat operation, Verruto said. "Pensat maintains a substantial international network connecting several cities in the USA with its operations in Spain and with telephone companies in Venezuela, Peru, Chile, the Netherlands Antilles and South Korea. Pensat currently employs 121 people worldwide working from 6 international locations and three cities in the USA". Since it began generating revenues late in 1998, Pensat has recorded significant growth with revenues of $1.2 million in 1998, $13.8 million in 1999 and over $25 million in 2000.

Pensat International Communications, Inc. (www.pensat.com), headquartered in Washington, D.C., is an international integrated communications provider with licensed operations in the USA, Spain, Brazil and Syria and provides a wide array of data, telecommunications and network services, including local operations, long distance, data transmission, high speed Internet access, prepaid calling cards, carrier wholesale and international private line.

Additionally, Pensat has strategic alliances and interconnect with carriers in Venezuela, Chile, Korea, The Netherlands Antilles and Peru. Pensat has offices and operations in Washington, DC, Omaha, NE and NYC, NY. Pensat also has international offices and network operations in Madrid and Barcelona, Spain; Sao Paulo, Brazil; and Damascus, Aleppo and Lattakia, Syria.

DataStream Global Communications is creating a global network of subsidiary companies operating in the US and foreign countries under licenses granted through the deregulation of the telecommunications industry.

The company is positioning itself as a Cross-border, global ICP (Integrated Communications Provider) serving the Hispanic and Arabic speaking communities in North America, Latin America, Europe and the Middle East.

The company will provide data-centric communications services for business, residential and trade customers that will include Internet services, data transmission services, local calling, national and international long distance calling, in keeping with the appropriate local licenses.

For more information contact [e-mail].

This press release may include forward-looking statements that involve risk and uncertainty. Although the company believes its expectations reflected in such forward-looking statements are based on reasonable assumptions, no assurance can be given that such projections will be fulfilled.

Any such forward-looking statement must be considered along with knowledge that actual events or results may vary materially from such predictions due to, among other things, political, economic or legal changes in the markets in which DataStream does business.