SATTEL Global Networks Announces Corporate Structure Changes.

Business Editors

CHATSWORTH, Calif.--(BUSINESS WIRE)--Dec. 26, 2000

SATTEL Global Networks, Inc. (OTCBB:SGNW)

SATTEL Global Networks, Inc. (Colorado), trading symbol (OTCBB: SGNW) announces the following:

- signing of a new definitive merger agreement, - rescission of the earlier agreement announced November 3, 2000,

- stop order on approximately 6.25 million shares previously

issued thereunder, and - changes in its officers and directors.

SATTEL Global Networks, Inc. (Colorado), has entered into a new definitive agreement whereby its operations will be consolidated with the operations of SATTEL Global Networks Inc. ("SATTEL'') (Delaware), a manufacturer of satellite systems for public switched telephone and data networks, and SATTEL de Guatemala, S.A., (Guatemala) an operator of rural satellite networks in Central America.

This agreement replaces an earlier merger agreement entered into between SATTEL Global Networks, Colorado and several other parties as previously announced November 3, 2000. The Company has directed its transfer agent to place a "stop transfer" on approximately 6.25 million of the Company's common shares that were previously issued to E-Commerce Investments Inc., formerly known as The President's Corporate Group, Inc. pursuant to the reorganization agreement.

The Company wishes to announce the following changes in its Directors and Officers: Mr. Wayne K. Goettsche has resigned as a Director and Chairman, and Mr. George Weischadle has assumed the role of Chairman. Mr. Darrel Cho has been replaced by Ms. Jill Luna as Secretary. Mr. Rick Muller has been named a Director.

About SATTEL Global Networks, Inc.

SATTEL builds satellite systems that deliver telephone and data services to remote areas of the world. The company supplies complete solutions for carrier-quality PSTN extensions and Internet access with domestic and international connectivity.

SATTEL is the world leader in advanced Demand Assignment Multiple Access (DAMA) technology for public telephone networks. SATTEL's networks provide very low cost-per-minute circuits through affordable earth terminals.

SATTEL's focus is to seek joint venture network operating agreements with carriers in developing countries, where the carriers provide access to rural markets with minimal competition and high traffic revenue margins. In addition to the satellite equipment sales it has made in 20 countries since its inception in 1985, the Company has entered into joint ventures with major local carriers to implement and operate rural telephone and Internet networks in Guatemala and Africa. Network operating joint ventures in Mexico, Costa Rica and other countries are under negotiation.

For more information on SATTEL Global Networks we invite you to log-on to our website at www.sattel.com.

This press release contains forward-looking statements with respect to the results of operations and business which could be materially different from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports to be filed with the Securities and Exchange Commission.