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INTERNATIONAL TELECHARGE TO DELIST FROM THE AMERICAN STOCK EXCHANGE

 DALLAS, March 24 /PRNewswire/ -- International Telecharge, Inc. (AMEX: ITI) announced today that its common stock will be delisted from trading on the American Stock Exchange effective after the close of trading on Monday, March 29, 1993. The Company has failed to meet the guidelines of the American Stock Exchange for continued listing. The Company has previously discussed with the Exchange the continued listing of the common stock until the earlier of the consummation of the proposed merger referred to below or March 31, 1993.
 As previously disclosed, a special meeting of stockholders of the Company is scheduled for March 29, 1993, to vote on the Merger Agreement between ITI and Long Distance Communications, Inc., a company owned by ITI's Chairman, Ronald J. Haan, pursuant to which ITI stockholders (other than Haan and his affiliates) would be entitled to receive $0.30 per share of common stock. If stockholders approve the Merger Agreement at the special meeting, it is anticipated that the merger will be effective by March 30, 1993 or as soon thereafter as is practicable, subject to satisfaction of the closing conditions set forth in the Merger Agreement. ITI intends to seek to have its stock traded in the over-the-counter market after delisting if the merger does not become effective shortly thereafter, but there is no assurance that a public trading market will be available or sustained under such circumstances.
 International Telecharge, Inc., based in Dallas, is a national telecommunications supplier of network-based operator and information services primarily to hotels, payphone owners and other interexchange carriers.
 -0- 3/24/93
 /CONTACT: Phil Sawyer, vice president - administration of International Telecharge, Inc., 214-653-1265/
 (ITI)


CO: International Telecharge, Inc. ST: Texas IN: TLS SU:

LR -- NY038 -- 9091 03/24/93 12:08 EST
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Publication:PR Newswire
Date:Mar 24, 1993
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