FTG Farmstead Telephone Grp.

Spelman Research Initiates Coverage of Farmstead Telephone Group EAST HARTFORD, Conn., July 6 /PRNewswire-FirstCall/ -- Farmstead Telephone Group, Inc. (AMEX:FTG) today announced that New York-based Spelman Research, an independent investment research firm, began its initial coverage of the Company. Spelman issued a speculative buy rating with a target price of $8.25. Their report, which is available for viewing at http://www.spelmanresearch.com/ and on Farmstead's website at http://www.farmstead.com/, cites "We believe that the undergoing transformation of the Company from a legacy telecom equipment distributor and reseller into a leading hosted VoIP services provider makes the Company a prime candidate for any investor looking for a superior gain in the telecom industry." Jean-Marc Stiegemeier, Farmstead's Chairman and CEO, said, "We are pleased that such a respected independent research firm has assessed the upside potential of our strategy and efforts to position ourselves for future growth in our industry." About Farmstead Farmstead Telephone Group, Inc. is an Avaya Inc. Gold Business Partner, selling, installing and maintaining both new and refurbished Avaya business communications products nationwide. Through its newly-formed subsidiary "One IP Voice," Farmstead will soon offer carrier-based hosted IP telephony services along with network services, targeting small and medium sized businesses. Further information about Farmstead Telephone may be found at http://www.farmstead.com/. We are interested in your feedback and comments. To respond to questions from our management team, click here: http://www.b2i.us/sendFeedBack.asp?B=1042&RL=7853&S=12204 To add yourself to our email distribution list, click here: http://www.b2i.us/frame.asp?BzID=1042&to=ea&Nav=1&S=0&L=1 This release contains forward-looking statements that involve risks and uncertainties. In addition to historical information, investors should consider carefully the risks associated with an investment in the Company's securities as previously outlined by the Company in its prior filings with the Securities and Exchange Commission. CONTACT: Mel Lipes Farmstead Telephone Group, Inc. Voice: 860-610-6005 Fax: 860-282-5737 DATASOURCE: Farmstead Telephone Group, Inc. CONTACT: Mel Lipes of Farmstead Telephone Group, Inc., +1-860-610-6005 Web site: http://www.spelmanresearch.com/ http://www.farmstead.com/

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