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TELCO COMMUNICATIONS' THIRD PLAN OF REORGANIZATION APPROVED

 BATON ROUGE, La., March 10 /PRNewswire/ -- Telco Communications, Inc. (OTC Bulletin Board: TCOC), whose principal offices are located in Baton Rouge, is an independent long distance service provider to commercial and residential customers on a nation-wide basis, announced today that Management's Third Plan of Reorganization has been approved and confirmed by the U.S. Bankruptcy Court for the Middle District of Louisiana.
 Pursuant to the plan or reorganization, Telco will begin to implement a 1-for-10 reverse stock split. This reverse stock split will reduce the issued and outstanding shares of common stock from 23,461,900 to 2,346,190 shares with a market capitalization of $9.2 million.
 Additionally, as part of this plan, Telco will proceed to finalize its pending joint merger with National Applied Computer Technologies, Inc. (NACT) of Orem, Utah. NACT is a manufacturer of state-of-the-art digital switching equipment, designed primarily for the long distance and shared tenant market. Telco also intends to initiate its already planned program of seeking out and acquiring small- to medium-sized long distance companies, which program the company believes will greatly add to its existing customer base and to its earnings.
 -0- 3/10/93
 /CONTACT: Herbert A. Howard of Telco Communications, 504-922-9544, or 800-864-5187/
 (TCOC)


CO: Telco Communications, Inc. ST: Louisiana IN: TLS SU:

RA-BR -- AT001 -- 4831 03/10/93 09:25 EST
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Publication:PR Newswire
Date:Mar 10, 1993
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