USV Telemanagement Lists For Trading on the U.S. OTCBB Market.

MILL VALLEY, Calif.--(BUSINESS WIRE)--Sept. 7, 1999--

USV Telemanagement Inc. ("USVT") announces that is has been listed for trading on the NASD Over the Counter bulletin board (OTCBB) market under the symbol YDSLF.

"The company's OTCBB listing should provide us with greater access to capital and a wider audience for our securities", says J. Erik Mustad, Chairman and CEO of UVT, "This listing is the next step in our ever progressing acquisition and organic growth strategy in the California market, particularly with respect to the deployment of Digital Subscriber Line ("DSL") services. We believe that we can enjoy the same success in our market as other DSL providers such as Covad Communications (NASDAQ:COVD), Northpoint Communications (NASDAQ:NPNT) and Rhythms NetConnections (NASDAQ:RTHM) are experiencing. DSL is a wide open market opportunity still in its infancy with tremendous untapped potential".

USVT's California based certified Competitive Local Exchange Carrier ("CLEC") and telecommunications resale subsidiary sells voice and data services through interconnect companies. "Interconnect companies are the perfect distribution channel for bundled services delivered via DSL", states Mustad, "The reality of DSL deployment is that it requires an equipment installation visit to the customer premises. Interconnect companies maintain fleets of trained technicians capable of making these installations. This makes our distribution channel exceptionally valuable as it is the only marketing channel capable of both selling the DSL bundle as well as installing the necessary equipment on our behalf". He continues, "Our interconnect distributors represent an instantly available, California state wide, truck and technician fleet at little or no cost to us. We believe that interconnect companies will quickly embrace the revenue opportunity we will provide them in the DSL bundled product and at the same time highly value the opportunity to maximize their return on the fixed costs of their trucks and technicians".

The company has been under discussion with both Redback Networks (NASDAQ:RBAK) and German based Siemens AG's (OTCBB: SMAWY) partially owned Accelerated Networks about the purchase of DSL networking equipment. Siemens AG has developed financing programs for the purchase of Accelerated Networks' DSL solutions. "We think the new listing will help us to bring in additional investment capital which in conjunction with equipment financing should allow us the necessary financial firepower to capture market share for DSL services in California." says Mustad, "In addition it will make us more attractive to possible acquisition targets such as our interconnect distributors, ISP's and other telecommunications resellers".

ABOUT USV TELEMANAGEMENT INC.

USVT, through its wholly-owned subsidiaries, USV Telemanagement, Inc. and USVT.Com, Inc., sells telecommunications, data, broadband, Internet and other related services to commercial customers. USVT has 1,500+ customers in California generating revenue of $2.49 million through the six month period ending June 30 1999. USVT sells it services through telephone equipment sales or "Interconnect" companies. Interconnect companies are unique among telephony distributors as they maintain long term ties to their telephone equipment customers.

USVT sells services under agreements with Alliance Group Services, Inc. an AT&T (NYSE:T) reseller, IXC Communications, Inc. (NASDAQ:IIXC), MCI/WorldCom (NASDAQ:WCOM), and UUNET an MCI/Worldcom company.

For further information contact Investor Relations at 604.687.4500, [e-mail] or visit our website @ www.usvt.com

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Such forward looking statements, particularly as related to the business plans of the Company, expectations of strategic relationships, business opportunities, acquisitions of capital equipment, availability of investment capital and future financing, and the Company's ability to gain market share, are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the Company's expectations and estimates.

OTCBB: YDSLF Bloomberg: UVT-CN