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BEACON FINANCIAL, ONE-TO-ONE COMMUNICATIONS ANNOUNCE MERGER

 BEACON FINANCIAL, ONE-TO-ONE COMMUNICATIONS ANNOUNCE MERGER
 PROVO, Utah, Nov. 11 /PRNewswire/ -- Today, Alan Combs, president of Beacon Financial announced a letter of intent has been signed with the directors of One-to-One Communications. For each outstanding share of Beacon Financial, three new shares will be issued to the One-to-One shareholders. Beacon Financial is a public company that succeeded the former Grove Finance Co. Beacon has more than 1,100 shareholders who were originally depositors in Grove Finance. One- to-One is a regional long distance telephone company with corporate offices in Phoenix and a regional office in Salt Lake City. One-to- One will have revenues of approximately $20 million in 1992.
 -0- 11/11/92
 /CONTACT: Jerry Nelson of One-to-One Communications, 800-293-1121; or Alan Combs, president of Beacon Financial, 801-566-9778/ CO: Beacon Financial; One-to-One Communications ST: Utah IN: TLS SU: TNM


KJ-BP -- LA018 -- 9747 11/11/92 12:52 EST
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Publication:PR Newswire
Date:Nov 11, 1992
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