Milberg Weiss Announces Class Action Against USN Communications Inc. and Others.

NEW YORK--(BUSINESS WIRE)--Jan. 12, 1999--Notice is hereby given that a class action lawsuit was filed on December 30, 1998, in the United States District Court for the Southern District of New York, on behalf of all persons who purchased the common stock of USN Communications Inc. (NASDAQ: USNC)("USNC" or the "Company"), between February 4, 1998 and November 3, 1998, inclusive (the "Class Period").

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact, at Milberg Weiss Bershad Hynes & Lerach ("Milberg Weiss"), Steven G. Schulman or Samuel H. Rudman, One Pennsylvania Plaza, 49th Floor, New York, New York 10119-0165, by telephone [phone] or via email: [e-mail] or visit our website at www.milberg.com.

The complaint charges USNC, certain officers and directors and others with violations of Sections 11, 12, and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 as well as Rule 10b-5 promulgated thereunder. The complaint alleges that defendants issued a series of materially false and misleading statements in connection with the USNC's initial public offering on February 4, 1998 concerning the viability of the Company's business strategy and its future prospects as a reseller of telecommunications services. Because of the issuance of a series of false and misleading statements, the price of USNC common stock was artificially inflated during the Class Period.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Milberg Weiss, among others. Milberg Weiss maintains offices in New York City, San Diego, Los Angeles, San Francisco and Boca Raton and is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in numerous important actions on behalf of defrauded investors, and is responsible for a number of outstanding recoveries which, in the aggregate, total approximately $2 billion. For more information about Milberg Weiss, please visit our website at www.milberg.com.

If you are a member of the class described above, you may, not later than sixty days from November 17, 1998, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.