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   Microcap & Penny StocksEqualnet Holdings -- ENET


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To: Mel Spivak who wrote (3)5/5/1998 8:00:00 PM
From: fred woodall
   of 47
 
Yet another post: Equalnet Holding Corp. (Nasdaq: ENET), a
national facilities-based long-distance telecommunications provider, today
announced the completed private placement of 3.4 million shares of common
stock and warrants to purchase 170,000 additional shares of common stock, with
James R. Crane, a private investor for $3.4 million. This private placement
was initiated and committed to in March 1998 and follows the previously
announced investment in Equalnet by the Willis Group.
Proceeds of the $3.4 million from the sales of securities are expected to
be used for general corporate purposes and to partially fund the cash portion
of the proposed purchase by Equalnet of substantially all of the assets of SA
Telecommunications Inc. The closing of the acquisition is subject to approval
by Equalnet's shareholders and certain regulatory authorities.
"The successful and on-schedule completion of our private placement as
well as our pending acquisition of SA Telecommunications is clearly indicative
of our expansion strategy to return the company to profitability," said Robert
H. Turner, President and Chief Executive Officer of Equalnet. "We believe
Equalnet's mission of providing end-to-end telecommunications solutions while
expanding its customer base via telecom acquisitions is significantly enhanced
with this new investment."
Equalnet's core strategy is to build relationships with small to medium-
sized business customers by offering a wide range of telecommunications
products and services; and acquire companies with complementary business lines
serving small to medium-sized businesses.
"We are pleased by the market's acceptance of the company's progress in
implementing its strategy," added Dean H. Fisher, Senior Vice President and
General Counsel of Equalnet, "and we believe this is reflected in Equalnet's
recent stock price increase."
Equalnet has made a number of important announcements including receiving
more than $20 million in new shareholder equity including cash, assets and
converted debt and elected Robert H. Turner, an industry expert with more than
25 years telecommunications experience, as its President and Chief Executive
Officer.

About Equalnet
Headquartered in Houston, Texas, Equalnet is a nationwide
telecommunications company employing approximately 100 people in the Houston
area and in its California sales office. The company provides a comprehensive
array of discounted long-distance telecommunications services. Equalnet owns
and operates a domestic network utilizing digital telecommunications switches
deployed in eight major United States cities.
This press release includes "forward looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities and Exchange Act of 1934, as amended. Equalnet's
business plans, strategy and objectives are forward looking statements. The
company believes the expectations reflected in the forward looking statements
are reasonable. Equalnet can provide no assurance such expectations will
prove correct. Factors that could cause actual results to differ materially
from the plans are Equalnet's ability to implement its growth and acquisition
strategies, secure competitive financing and general economic and competitive
factors in the rapidly changing telecommunications industry. This press
release should be read in conjunction with Form 8-K, filed with the SEC, March
5, 1998, that details new stockholder equity and acquisitions; Form 10-Q for
the quarterly period ended December 31, 1997, filed February 16, 1998 and Form
10-K for the year ended June 30, 1997, filed with the SEC September 24, 1997
(all file number 0-25842).

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To: fred woodall who wrote (26)10/27/1998 11:23:00 PM
From: Colin Cody
   of 47
 
Nice move the past few days on this one! eom

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To: Colin Cody who wrote (27)1/5/1999 6:09:00 PM
From: Jeff Jordan
   of 47
 
Colin,

Are you still holding ENET? I picked a few thousand at close today...This has to be a solid internet play?

Jeff

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To: Jeff Jordan who wrote (28)1/5/1999 6:35:00 PM
From: Colin Cody
   of 47
 
Yes! and a very nice move today... again.

High volume too. Could be volatile the rest of the week.

Colin

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To: Colin Cody who wrote (29)1/5/1999 7:38:00 PM
From: Gennaro
   of 47
 
I spoke with AMCI today, guy named Tom, he told me many interesting things, they are expecting to get into e-commerce in a big way, they will be initiating an elaborate marketing program to sign up more clients, and will be at a Miami show this coming week, expect more news this month, the response to online phone service has been brisk, we'll see. Lets hope the vol continues, I suggest people call AMCI and ask more questions....check out the web site for phone number

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To: Jeff Jordan who wrote (28)1/6/1999 9:19:00 AM
From: Nescom
   of 47
 
I also picked up shares on the close yesterday. I do believe this is as solid news as I've heard on any of these Internet revenue driven stocks. Right now on Level II this stock can be over $2 quickly if the buying comes in like it did yesterday. This stock has a big audience. Only 3 makers before it hits over $2.

Nescom out-

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To: Nescom who wrote (31)1/6/1999 9:24:00 AM
From: Buckey
   of 47
 
Hi folks - I am very new to NASDAQ - been a canuck trader only - just a rookie doing the odd daytrade - 2 or 3 a day. Been following the NASDAQ stox for a while - I expected a bigger thread but this way I can read ll the posts at once.

I am still doing some DD but ENET keeps coming up as a good one.

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To: Vincent Yaffnarro who wrote ()2/26/1999 3:20:00 PM
From: LadyNada
   of 47
 
ENET had news on Friday

2/26/99

LadyNada

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To: LadyNada who wrote (33)2/26/1999 6:12:00 PM
From: ErnestPoe
   of 47
 
ENET.
Equalnet to Offer Free Long Distance, Telecommunications Advertisers to Pay Costs; Subscribers Acquired by Internet/Network Marketing


HOUSTON--(BUSINESS WIRE)--Feb. 26, 1999--Equalnet Communications Corp. (NASDAQ: ENET) Friday announced it has signed a letter of intent to acquire The Intelesis Group Inc., a development stage company located in Miami, that has pioneered technology for advertiser sponsored long distance telecommunication services.

FreeCaller(TM), the name of the new service, as well as the patent pending technology which supports the service, is designed to provide residential subscribers with one expressly selected 30-second advertising message at the beginning of each of their long distance telephone calls; calls lasting up to five minutes are then free. Intelesis plans to launch its service in the next 90 days and has had no revenues to date.

Equalnet will exchange 2.5 million common shares for all of the assets of Intelesis, including the above referenced software. Additionally, holders of both common and preferred shares of Intelesis may receive additional Equalnet common equity based on the performance of FreeCaller(TM) in the future.

"This is an exciting new paradigm for the long distance business," said Mitchell H. Bodian, Equalnet's president and chief executive officer. "Telephony is the only electronic communications medium not advertiser supported today. Radio, television, even the Internet, all depend on advertising as a major source of revenue. Telephony just developed according to a different model. We believe that there are numerous population segments that would welcome free long distance calls in exchange for listening to targeted advertising messages. Preliminary responses also indicate that many advertisers and their agencies believe FreeCaller(TM) is a great way to reach precisely targeted demographic groups, and provides an attractive and valuable alternative to more traditional media such as direct mail. FreeCaller's pinpoint targeting and interactive capabilities collapse the distance between advertisers and their customers."

Consumers who wish to subscribe for free long distance telephone service from FreeCaller(TM) are required to complete a simple but extensive demographic survey for all the telephone users in the household and select Equalnet as their residential long distance company. The advertiser pays for the first five minutes of the user's long distance call in exchange for the consumer listening to a 30 second message from the advertiser before the call's completion. The ad played is specifically chosen by the FreeCaller(TM) system based on the unique demographic profile analysis conducted by FreeCaller's proprietary software programs.

"FreeCaller(TM) provides Equalnet with the opportunity to both refocus and reinvent itself with this innovative strategy," said Mark Willis, Equalnet's chairman. "We believe that FreeCaller(TM) will be the exciting growth engine that helps reposition Equalnet in a unique telecom market niche."

According to Bill Rhodes, Equalnet's newly appointed chief operating officer, "Equalnet has the infrastructure in place to support a successful launch of FreeCaller(TM), as well as continue to provide the backbone for what I believe will be significant subscriber growth."

Equalnet disclosed that FreeCaller(TM) will be marketed under several brand names through, among others, its wholly owned network marketing subsidiary, ACMI, as well as via Intelesis' recently created agent network. Subscribers will have the ability to enroll by telephone, mail and the Internet. Advertising sales will continue to be the responsibility of Intelesis management, who have extensive experience in alternative media marketing. Equalnet added that it may make the system available to other companies and affinity groups on a licensed basis.

This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities and Exchange Act of 1934, as amended. All statements other than statements of historical fact, included in this news release, including without limitation, Equalnet's business strategy, plans and objectives, are forward-looking statements. Although Equalnet believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectation will prove to be correct. Numerous factors could cause actual results to differ materially from Equalnet's expectations, including without limitation, general economic and competitive factors. Additional risk factors are discussed in Equalnet's Annual Report on Form 10-K for the year ended June 30, 1998, which is on file with the Securities and Exchange Commission. Readers should carefully review the cautionary statements and risk factors described in documents filed by Equalnet from time to time with the Securities and Exchange Commission.

CONTACT:

Equalnet Communications Corp., Houston

Mitchell H. Bodian

or

Shaunna Jones (investor relations), 281/529-4611

KEYWORD: TEXAS FLORIDA







BW0158 FEB 26,1999

11:50 PACIFIC

14:50 EASTER

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To: Gennaro who wrote (30)2/27/1999 1:08:00 PM
From: CaraMia
   of 47
 
COLIN>>> I remember you from DCTC thread...How are you sugar....

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