news.gif (1376 bytes)

TEK DigiTel Corporation

 

 

Investor Relations:

 

 

Flora Wood/Phil Williams

 

 

Alphus Inc.

 

 

1-888-393-4979 or  416-323-3888

 

 

ir@tekdigitel.com

 

 

 

 

 

SEC Clears TEK DigiTel Corporation's Amended Form 10-SB
TEK to Apply for Resumed Quotations and Trading on the OTC BB

 

GERMANTOWN, MD  -  January 02, 2001    TEK DigiTel Corporation (TEKI: ESQ) announced that the Company's amended Form 10-SB registration statement has been cleared of all comments by the Securities and Exchange Commission. The registration statement and the Company's periodic filings can be obtained via the Internet at http://www.sec.gov or http://www.freeedgar.com. In compliance with the OTC Bulletin Board Eligibility Rule, TEK is now registered with the SEC under Section 12(g) of the Securities Exchange Act of 1934. As a public company, TEK is required to file corporate and financial information with the SEC on a timely basis. TEK's fiscal year ends December 31 and audited financials must be filed within 90 days of TEK's fiscal year end on Form 10-KSB.

``Now that the SEC has cleared our registration statement, we will quickly contact market makers so that TEK's common stock may be relisted and quoted on the OTC BB. We expect to be eligible for trading on the OTC BB shortly after our application is received,'' stated Enghe Chimood, CEO.

TEK intends to host a conference call accessible by a toll-free number once the Company's common stock resumes trading on the OTC BB. Investors will be informed by a press release once trading has been or is about to be resumed. The conference call details will be announced in that press release.

About TEK DigiTel Corporation (http://www.tekdigitel.com)

Based in Germantown, Maryland, TEK DigiTel Corporation delivers integrated CPE (Customer Premise Equipment) communications solutions optimized for use in SOHO, small- and medium-sized businesses. Working with Service Providers and OEM partners, TEK is focused on integrating fax- and Voice-over-IP (VoIP) technologies with conventional PBX systems and data routing devices to create a low-cost, easy-to-use Internet communications hub. Founded in 1998, TEK is headed by a management team with extensive related experience gained at leading manufacturers and service providers including IBM, Data General, Hughes, Orbital Communications, Bell Atlantic, and GTE.

Statements made in this press release that are not historical or current facts are ``forward-looking statements'' made pursuant to the safe harbor provisions of the Federal Securities Laws. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected. These factors include the possibility of issues arising that may affect the company's ability of having its listing reinstated, changing economic and competitive conditions, and other risks and uncertainties.