e.NVIZION COMMUNICATIONS GROUP Completes Previously Announced Acquisition Of Screen Telephony Services, Inc., a New York State Based Competitive Local Exchange Carrier (CLEC).Business Editors/High-Tech Writers DENVER, Colo.--(BUSINESS WIRE)--Sept. 19, 2000 e.NVIZION COMMUNICATIONS GROUP LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ENCG ENCG Ecole Nationale de Commerce et de Gestion (National School of Business and Management; Morocco) ENCG Entreprise Nationale des Corps Gras (French) ), a growth stage, Integrated Communication Provider (ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. ), announced today that it has completed its acquisition of Screen Telephony Services, Inc. (now known as e.NVIZION COMMUNICATIONS LTD.), a New York State Competitive Local Exchange Carrier (CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) ). The company expects to receive final approval of the transfer of ownership/control of the former Screen Telephony's CLEC "license" (Certificate of Public Necessity) from the New York State Public Service Commission in less than 90 days. Randy L Phillips, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of e.NVIZION COMMUNICATIONS GROUP, stated that, "we've executed a crucial part of our business plan, and Screen Telephony's acquisition will significantly enhance our product line and operations. Once it receives its CLEC `license,' e.NVIZION will be able to offer bundled Internet service, enhanced local telephone service and long distance telephone service. e.NVIZION's customers will see a real benefit because we will be one of a small handful of telecommunication companies to offer bundled services in secondary markets in the Northeast." Mr. Phillips went on to add, "e.NVIZION anticipates that the acquisition of the former SCREEN TELEPHONY and becoming a CLEC in New York State will have a strong positive impact on e.NVIZION's operations by, among other things:
-- Driving greater revenue and earnings.
-- Lowering Telco costs.
-- Boosting customer retention through discounts for bundled
services.
-- Increasing revenue and income per customer.
Since its restructuring in March 2000, e.NVIZION COMMUNICATIONS GROUP has been actively building the network, customer care, convergent billing, and sales and marketing systems necessary to support the expanded product line it intends to offer." About e.NVIZION COMMUNICATIONS GROUP LTD.: e.NVIZION COMMUNICATIONS GROUP LTD. intends to be a leading, regional, Integrated Communication Provider (ICP), providing a full complement of enhanced Internet and telecommunication services over fiber optic and wireless backboned networks. Its services will include wireless and DSL broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a , frame relay technology/protocol for high speed data transmission, T-1 and T-3 dedicated and fractional connections, secure co-location services, web design and hosting services, and telecommunication services, including local and long distance calling. e.NVIZION COMMUNICATIONS GROUP LTD. is publicly traded under the ticker symbol ENCG on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Over the Counter ("OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ") Bulletin Board market. For more information, visit www.envzn.com (http://www.envzn.com/) "SAFE HARBOR" for Forward-Looking Statements: Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from the results expressed or implied by forward -looking statements. These risks and uncertainties include, among other things, product demand, our ability to hire and retain technical staff, market competition, the company's ability to acquire businesses at fair prices, its ability to fund future operations and its ability to operate at a profit. |
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