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SOUTHNET CORPORATION ENTERS FORMAL NEGOTIATIONS WITH TELECOM AMERICA

SOUTHNET CORPORATION ENTERS FORMAL NEGOTIATIONS WITH TELECOM AMERICA
 TAMPA, Fla., Nov. 13 /PRNewswire/ -- Southnet Corporation (OTC, PHLX: SN) announced today that it has entered into formal negotiations with Telecom America, Inc. for the merger of Telecom America and Southnet.
 Southnet Corporation is a national provider of long distance telecommunications and enhanced operator services to the hotel, hospital and pay telephone industries. The company has been in operation for four years and is presently licensed to provide services in 12 eastern United States. Southnet is a public company traded on the OTC and Philadelphia Stock Exchanges under the symbol "SN."
 Telecom America is a national marketer of telecommunications services including operator services with accounts located throughout Southnet's operational areas. Telecom America has been active in the long distance marketplace for two years and has, in the terms of the company, a "significant" customer base. The company is a privately held firm headquartered in Florida.
 Telecom America currently has an operational contract for services from Southnet, with implementation underway.
 -0- 11/13/91
 /CONTACT: Robert Zradicka of Southnet Corporation, 813-287-2880/ CO: Southnet Corporation; Telecom America, Inc. ST: Florida IN: TLS SU: BN-BR -- AT003 -- 3807 11/13/91 09:46 EST
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Publication:PR Newswire
Date:Nov 13, 1991
Words:198
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