Intent to Acquire
14 November 2000 - 7:43PM
UK Regulatory
RNS Number:0638U
EuroTelecom Communications Inc
14 November 2000
14 November 2000
EuroTelecom Communications, Inc.
ANNOUNCES THAT IT HAS SIGNED A LETTER
OF INTENT TO ACQUIRE INTELECT NETWORK TECHNOLOGIES
EuroTelecom Communications, Inc. (Class A Stock quoted on the Alternative
Investment Market of the London Stock Exchange as ETMA; Trading Symbol-EUTC in
the US) announces that it has signed a letter of intent to acquire Intelect
Network Technologies, the optical networking subsidiary of Intelect
Communications, Inc. (Nasdaq: ICOM). The consideration will take the form of
cash and convertible preferred stock.
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FOR FURTHER INFORMATION, PLEASE CONTACT:
EuroTelecom
Phil Derry, CEO
or Graham Ford, COO
+ 44 1709 874 600
www.eurotelecom.co.uk
Buchanan Communications
Steve Liebmann/Jeremy Garcia
+ 44 20 7466 5000
stevel@buchanan.uk.com
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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