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OCOM CORPORATION ANNOUNCES THE ANTICIPATED EFFECT OF PENDING OPERATIONAL CHANGES ON ITS FOURTH QUARTER RESULTS

 OCOM CORPORATION ANNOUNCES THE ANTICIPATED EFFECT OF PENDING
 OPERATIONAL CHANGES ON ITS FOURTH QUARTER RESULTS
 NEW YORK, Oct. 30 /PRNewswire/ -- OCOM CORPORATION (NASDAQ: OHCO) ("OCOM") announced today that it anticipates its fourth quarter 1992 operating results will be substantially lower than previous quarters in 1992 due to the following operational changes. In November 1992, the CCI/PacTel Joint Venture's Ohio subscribers who currently obtain their long distance service from OCOM will select by ballot and commence using their choice of long distance service provider. The joint venture is recovering its costs to implement equal access through a charge to each long distance company that obtained customers from the equal access selection process. OCOM will recognize its share of this charge in November 1992. An additional reduction in operating income is expected from the loss of a portion of OCOM's December 1992 revenues because OCOM is giving free long distance service in December 1992 to everyone who selected OCOM in the equal access balloting. Operating results will also decline because of the loss of current customers who will commence using another long distance company in November 1992.
 OCOM's operating results for the third quarter ended Sept. 30, 1992 will be announced by Nov. 16, 1992 and are anticipated to be in line with the first two quarters of 1992.
 -0- 10/30/92
 /CONTACT: J. Barclay Knapp, executive vice president-chief operating and financial officer, 614-325-2305, or Richard J. Lubasch, vice president-general counsel, 212-906-8440, both of OCOM Corporation/
 (OHCO) CO: Ocom Corporation ST: New York IN: TLS SU: ERP


LD -- NY009 -- 6961 10/30/92 08:49 EST
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Publication:PR Newswire
Date:Oct 30, 1992
Words:266
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