ERAWEST Inc. to Conclude Mergers and Acquisitions.

CLEARWATER, Fla.--(BUSINESS WIRE)--Oct. 27, 1998--ERAWEST Inc. (ERAW) (OTC:ERAW), a multinational telecommunications company providing local, long distance, telephone services, telecommunications software and internet access and web publishing in many countries, Tuesday reported that it is in the final stages of its acquisitions of Payless Communications Inc. and United African Telecom Inc. (UAT).

"The final documents are in review and we anticipate being able to wrap everything up within the next two weeks," according to President Robert Hinson. "We discovered intrinsic aspects of these companies that make this match-up even more attractive than we initially anticipated," Hinson concluded.

Payless Communications presently markets in 15 states, sells its prepaid phone cards through more than 1,000 retail outlets, provides long distance telephone services and distributes travel calling cards in targeted ethnic markets. Its Customer Service Center is staffed with multilingual representatives 7 days a week.

United African Telecom (UAT) is in the business of providing local, long distance gateways and wireless telephone service in hard to reach, developing countries, such as Guinea, Sierra Leone, Liberia, etc.

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