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INTERTEL COMMUNICATIONS ANNOUNCES RECORD SECOND QUARTER REVENUES, TOP MANAGEMENT CHANGES

 INTERTEL COMMUNICATIONS ANNOUNCES RECORD SECOND QUARTER REVENUES,
 TOP MANAGEMENT CHANGES
 DENVER, May 18 /PRNewswire/ -- Record revenues for the second quarter ended March 31, 1992, were announced today by Intertel Communications Inc. (AMEX: ITR.EC).
 Revenues for the second quarter period ended March 31, 1992, were $650,572 (Canadian $) compared to $56,273 at March 31, 1991. This reflects the third consecutive quarterly increase. For six months ended March 31, 1992, revenues were $1,093,397. This is a 48 percent increase in total revenues from first quarter revenues of $442,825.
 Communications revenues increased from $368,322 in the first quarter to $963,149 for the six month period ended March 31, 1992. Communications revenues increased by 62 percent from quarter one to quarter two. The substantial increase in communications sales reflects the continuing marketing of our Access business services. Sales increased for Access 1000, Access 3000 and Satellite Services.
 Gross profit for the six month ended period March 31, 1992, was $601,670 vs. $36,495 at March 31, 1991.
 Selling, general and administrative expenses were $1,821,084 for the six months ended March 31, 1992 vs. $1,464,895 for the six months ended March 31, 1991. This represents a 24 percent increase over the comparative period last year, however revenues are increasing at a compounded 50 percent quarterly rate while selling, general and administrative expenses are expected to level out between $3,500,000 and $4,000,000 for the year which would represent a 15 percent expense increase from fiscal ended 1991 to fiscal ended 1992.
 Loss for the six month period ended March 31, 1992, was $2,007,302 vs. $2,240,626 for the six months ended March 31, 1991. Second quarter loss was $947,613 vs. $1,059,689 in the first quarter.
 Total assets as of March 31, 1992, were $44,432,608 vs. $27,787,347 as of March 31, 1991. Total Shareholders' equity was $20,414,594 as of March 31, 1992, vs. $17,991,774 as of March 31, 1991.
 The company also announced the addition of A.J. "Joe" Moreland as president and CEO of Teleport Denver Ltd., Intertel's operating subsidiary.
 George Bruno, formerly president of Teleport Denver Ltd. (TDL), remains president of Teleport Denver Inc., and Intertel holding company responsible for United States operations. Moreland will report to Bruno.
 In addition, Michael Brinks, formerly executive vice president and general manager for TDL, was named vice president-Business Development for TDL.
 "First of all, our second quarter results speak for themselves," said W.W. "Bill" Becker, president and chairman of Intertel. "This is the kind of performance we committed to for our investors.
 "It also is the kind of performance we expect to continue as we move forward in our business.
 "Second," Becker continued, "the management addition we have announced will help us reach our goals and objectives more effectively. In particular, Joe Moreland brings substantial telecommunications switching experience to the table. This will allow George Bruno and Michael Brinks to concentrate on significant new business and expansion opportunities in front of us."
 Moreland recently was vice president for Communications Transmission Inc., where he helped build a $250 million fiber-optic and microwave network that generated more than $100 million in annual revenue.
 As president and chief operating officer for American Network Inc., Moreland was instrumental in growing that company's revenues to more than $150 million in three years.
 Intertel is the first publicly traded alternate local access company and full service teleport in the United States.
 The company recently completed a 115-mile fiber-optic digital network in the Denver metropolitan area.
 The all-digital network is operational and is in front of an estimated $200 million market in Denver--a market that is expected to grow four fold in the near future. The network offers a competitive choice to the local telephone company in connecting businesses to businesses, businesses to their long-distance company, or long- distance companies to their other local locations.
 The teleport facility--in operation since 1987--provides domestic satellite uplink services and end-to-end global connectivity with the company's fiber-optic network.
 -0- 5/18/92 R
 /CONTACT: Phil Allen of Intertel, 303-572-5984/
 (ITR) CO: Intertel Communications Inc. ST: Colorado IN: TLS SU: ERN


MC-BB -- DV001 -- 1351 05/18/92 12:49 EDT
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Date:May 18, 1992
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