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EXHIBIT 99.2
FOR IMMEDIATE RELEASE Contact: Mark H. Johnson
Treasurer, Director of
Investor Relations, Secretary
[email protected]
(813) 233-4610
Z-TEL TECHNOLOGIES, INC. RESPONDS TO LAWSUIT
TAMPA, Fla. - (June 12, 2000) - Z-Tel Technologies, Inc. (Nasdaq/NMS: ZTEL)
responded today to a lawsuit brought by PTEK Holdings, Inc. and Premiere
Communications, Inc. against Z-Tel, D. Gregory Smith, its Chairman, President
and Chief Executive Officer, another executive officer and another director.
Z-Tel and the named officers and directors stated that they believe the alleged
claims are completely without merit, deny any liability for these claims and
intend to defend the suit vigorously. Z-Tel stated that it does not expect this
suit to have a material adverse affect on its results or operations.
Any statements in this press release besides those of historical fact
may be forward-looking statements that are based upon current expectations and
involve a number of risks and uncertainties. In order for the Company to utilize
the "safe harbor" provisions of the Private Securities Litigation Reform Act of
1995, you are hereby cautioned, and the Company hereby notes, that actual
results could differ materially from those expressed or implied in these
forward-looking statements and may be affected by the risk factors described in
detail in its Annual Report on Form 10-K, filed with the Securities and Exchange
Commission, and in the Company's other filings with the Securities and Exchange
Commission, and the fact it is difficult to predict with certainty the outcome
of litigation and the amount of damages, if any, that may be assessed against
the Company should it not prevail. The Company undertakes no obligation to
update or revise any such forward-looking statements.
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ABOUT Z-TEL TECHNOLOGIES, INC.:
Z-Tel Technologies, Inc. provides consumers bundled local and long
distance telephone services combined with enhanced, Internet-based
communications features that enable them to manage all of their voice
communications needs from any phone, wireless phone, online computer, or
compatible wireless PDA. Z-Tel currently sells this bundle as "Z-Line Home
Edition" in New York, Texas, Massachusetts and Pennsylvania, and has over
100,000 active subscribers. For more information about this innovative new
service or about Z-Tel, please visit the Company's web site at www.z-tel.com.
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