EXHIBIT 99
PRESS RELEASE
EUROTELECOM COMMUNICATIONS ANNOUNCES ADJOURNMENT OF SPECIAL
SHAREHOLDER MEETING SCHEDULED FOR OCTOBER 11, 2000
EuroTelecom Communications, Inc. reported that a Special Meeting of Shareholders
of the Company called to approve an amendment to its charter to permit holders
of its shares of Common Stock to convert their shares into a like number of
shares of the Company's Class A Common Stock, was adjourned until Monday,
November 6, 2000.
The meeting was adjourned after it was determined that inadvertently not all
shareholders of record had been sent the proxy materials and in addition that an
insufficient number of proxies had been received to approve the amendment. Under
Delaware law, the state of incorporation of the Company, an affirmative vote of
the majority of the issued and outstanding shares of the Company's Common Stock
and Class A Stock, voting together, is required to adopt the amendment. A full
mailing will now be completed. In addition, management of the Company is hopeful
that with the additional time afforded by the adjournment, the required number
of votes will be cast at the rescheduled meeting necessary to approve the
amendment.
This press release contains forward-looking statements. Such statements are
based on the current expectations and beliefs of the management of EuroTelecom
Communications, Inc. and are subject to a number of factors and uncertainties
that could cause actual results to differ materially from those described in the
forward-looking statements.
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