Teltran International Receives Additional Shares in Antra Music Group.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 24, 2000 Teltran International (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: TLTG TLTG Too Lazy To Google .ob) announced today that pursuant to the April 1999 agreement between Antra an·tra n. Plural of antrum. Music Group (OTC BB: RECD RECD Received RECD Real-Ear-to-Coupler Difference (audiology) RECD Real Estate and Construction Division (IBM) .ob) and Teltran International, Teltran has been awarded an additional 800,000 shares of Antra Music Group common stock. The award was made as a result of a disparity in the share price of the two companies as of year-end 1999. Based upon the closing price on January 21, 2000, the shares are valued at approximately three million dollars. Teltran and Antra are joint-venture partners in RecordsToGo.com, an online music site that is currently in the beta testing stage. The site is expected to go live on February 15, 2000. About Teltran: Teltran International, Inc., licensed by the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. as a global facilities-based common carrier, offers a full range of telecommunications and Internet related services including Voice and Fax over IP, domestic and international long distance, Web Portal and Hosting, IVR applications, fax broadcast services and ISP services. |
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