TotalAxcess.com, Inc. Secures $28 Million in|
Retail Sales; Another Multi-Million Dollar
Order For TXCI
Business Wire - August 25, 1999 12:23
OAKLAND, Calif.--(BUSINESS WIRE)--Aug. 25,
1999--TotalAxcess.com, Inc. (OTC BB:TXCI), announced today at the
Telecom Business '99 Expo in New York City, that it will continue to provide
the telecommunication service for the highly popular "America Calling The
World" pre-paid phone card distributed by Blackstone Pre-paid Products
Offering worldwide access for more than four years, this leading pre-paid
product features competitive pricing for calls made to Cuba, Columbia, Brazil
and other Latin American markets. The Company stated that Blackstone
distribution plans anticipate that approximately 2.5 million "America Calling
The World" pre-paid phone cards, with an estimated retail value in excess of
$28 million, will reach distribution outlets within 120 days.
According to TotalAxcess.com President and Chairman Joseph Monterosso,
"We are gratified that our telecommunication backbone will continue to
support a core product, one that has proven to be extremely marketable and
highly successful for Blackstone. This distribution brings the Company right in
line with our goal of supporting 100 million monthly minutes on the Company's
upgraded debit platforms in our new Los Angeles switching facility."
The Company reported on March 19 their initial order from Blackstone
Pre-paid Products worth approximately $8.4 million in retail sales.
As an Oakland-based telecommunications and internet marketing company,
TotalAxcess.com has been in operation for more than 14 years specializing in
pre-paid telecommunication, one-plus long distance and telephonic and internet
based lottery participation. The Company officially changed its name from
Group V Corporation to TotalAxcess.com on May 17th, reflecting the
Company's progression and focus into Internet marketing and E-commerce to
promote and market its pre-paid telecommunications products and services,
including the innovative HitLoTTo(R) Club Card.
Blackstone Pre-paid Products is a privately held Miami-based corporation,
owned and operated by Luis Arias, engaged in the manufacture and
distribution of pre-paid calling cards.
Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, continued acceptance of the
Company's products, increased levels of competition for the Company, new
products and technological changes, the Company's dependence upon
third-party suppliers, intellectual property rights and other risks detailed from
time to time in the Company's periodic reports filed with the Securities and
CONTACT: TotalAxcess.com, Inc.
John Steward, 510/286-8700