Interpretel Inc. names Stephen Ezell chief financial officer.

TUCSON, Ariz.--(BUSINESS WIRE)--Aug. 29, 1995--Interpretel Inc. the global interactive communications subsidiary of Wavetech Inc. (NASDAQ:ITEL), Tuesday announced the appointment of Stephen A. Ezell as chief financial officer.

"Following the naming of a national sales director last month, the appointment of a chief financial officer completes Interpretel's initial objectives for forming a highly qualified management staff," said Terry E. Belsham, president.

"Interpretel is making the transition to producing operational revenues, and it is most critical at this time to have on board an experienced financial officer," Belsham said.

Ezell, 38, a certified public accountant, was previously vice president-finance for Selectide Corp., a biopharmaceutical firm in Tucson. Selectide, founded in 1991, was acquired in January by Marion Merrell Dow Inc., for approximately $60 million. Before joining Selectide, Ezell was a vice president with Citibank, N.A., in its Asian-Pacific Investment Banking Group. Ezell began his career with eight years at KPMG Peat Marwick.

The hiring of Ezell enables other key managers to focus on Interpretel's operations and marketing, Belsham said. "This is vital as we recently have increased operational capability, added attractive new features to our communications menu, and have begun providing interactive services to the organizations and corporations with which we have signed agreements," he added.

Interpretel is an emerging leader in the field of interactive global communications. The company offers a range of communications features and databases accessed by telephone from anywhere in the world. The Interpretel system enables large organizations and corporations to build close-knit interactive relationships with members, customers and employees. Interpretel specializes in creating customized communications services for large organizations, usually making all Interpretel services available through the use of a group's membership cards. The Interpretel system also becomes a "virtual" office for business people.

Interpretel core services for all customers include long-distance worldwide calling at efficient flat rates, live on-the-phone interpretation services, translation service by fax, personalized voice mail and fax mail, sequential calling, and up-to-the-hour national news, financial information and sports highlights.

CONTACT: Interpretel Inc., Tucson

Terry Belsham, 520/750-9093