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Telemonde Inc.
230 Park Avenue, 10th Floor
New York, NY 10169
www.telemonde.com
For Investor Information Contact:
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Investor Communications Co.
800 419-5211 and 800 419-5311
or StockIR at www.stockir.com
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NEWS RELEASE
TELEMONDE, INC. ANNOUNCES FULL SEC REPORTING STATUS;
OTCBB RE-LISTING EXPECTED SHORTLY
NEW YORK--JULY 24, 2000--Telemonde, Inc. (NQBEQS:TLMD) announced that on July
7th, the SEC cleared comments on the Company's registration statement. In
addition, the Company has filed a Form 8-K, which outlines the revisions made to
the consolidated financial statements contained within Telemonde's Forms 10-K
and 10-Q. Having cleared comments with the SEC, the Company now plans to have
its common shares re-listed on the OTCBB as soon as possible and, when cleared
by the NASD, the shares will again trade under the symbol "TLMD."
"We are pleased that we have met the conditions set out by the NASD OTCBB
compliance group and the SEC and are now current in our filings," stated Kevin
Maxwell, Chairman of Telemonde, Inc. "With the reporting process complete,
management can refocus on executing the Company's business model and enhancing
shareholder value."
All of Telemonde's filings, including the Form 8-K, Form 10-K, and Form 10-Q can
be viewed at http://www.freeedgar.com.
Telemonde is a global communications company developing and operating high value
international voice, data and Internet services through its network of IP
(Internet protocol), voice and data infrastructure. Telemonde's operating
subsidiaries include Equitel Communications Limited, which provides
telecommunications route management and intelligent network services to emerging
markets; and telemonde.net SA, which develops and sells telecommunications and
Internet services to multimedia and Internet service providers.
Certain statements in this news release may constitute "forward-looking"
statements within the meaning of section 21E of the Securities Exchange Act of
1934. Such forward-looking statements involve risks, uncertainties, and other
factors, which may cause the actual results, performance, or achievement
expressed or implied by such forward-looking statements to differ. The Company's
Form 10-K for the fiscal year ended December 31, 1999 details many of the risks
and uncertainties associated with these forward-looking statements.
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Telemonde Inc. Is Quoted On The NQBEQS (Pink Sheets) as "TLMD"
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FOR IMMEDIATE RELEASE
