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ERAWEST Inc. to Conclude Mergers and Acquisitions.


CLEARWATER, Fla.--(BUSINESS WIRE)--Oct. 27, 1998--ERAWEST Inc. (ERAW) (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (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.

For more Internet News Check:

-- Amazon.com - AMZN AMZN Amazon.com (NASDAQ symbol)   -- Infoseek - SEEL -- America Online - AOL

-- Lycos - LCOS (Liquid Crystal on Silicon) A technology used to make microdisplays for rear-projection TVs and head-mounted displays (HMDs). Each LCoS chip hosts a grayscale LCD shutter sandwiched between a cover glass and a mirror.  -- Apple - AAPL AAPL Apple Computer, Inc. (stock symbol)
AAPL American Association of Professional Landmen
AAPL American Academy of Psychiatry and the Law
AAPL Advance Audiovisual Presentation Limited
AAPL Advocates for Arkansas Public Libraries
  -- Microsoft - MSFT MSFT Microsoft (stock symbol)
MSFT Movimento Sociale Fiamma Tricolore (Italy)
MSFT Multi-Stage Fitness Test
MSFT Master of Science in Family Therapy
MSFT Macalester Students for Fair Trade
 -- At Home Corp - ATHM -- Mind Spring Enterprises Inc - MSPG -- Dell - Dell -- Online System Services Inc. - WEBB -- Disney - DIS

-- Rocky Mountain Internet Inc - RMII -- Earthlink Network Inc. - ELNK -- Yahoo - YHOO -- Gateway - GTW -- AT&T - T -- Bell Atlantic Corp - BEL -- Bell South - BLS See Bureau of Labor Statistics.  
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Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 27, 1998
Words:236
Previous Article:U.S. and Greek Governments See Closer Political and Economic Ties, Trade Opportunities.
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