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TEK DigiTel Corporation

 

 

Investor Relations:

 

 

Flora Wood/Phil Williams

 

 

Alphus Inc.

 

 

1-888-393-4979 or  416-323-3888

 

 

ir@tekdigitel.com

 

 

 

 

 

TEK DigiTel Corporation Resumes Trading on the OTC BB
 Herzog and M.H. Myerson Acting as Market Makers

GERMANTOWN, MD  -  January 17, 2001    TEK DigiTel Corporation (OTC Bulletin Board: TEKI:) announced that the Company resumed trading yesterday on the Over the Counter Bulletin Board (OTC BB). As reported previously, the Securities and Exchange Commission completed its review and cleared the Company's amended registration statement on Form 10-SB. The registration statement and the Company's periodic filings can be obtained via the Internet at www.sec.gov or www.freeedgar.com. In compliance with the OTC Bulletin Board Eligibility Rule, TEK's common stock is now registered with the SEC under Section 12(g) of the Securities Exchange Act of 1934. As a public, SEC-reporting, 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.

``We are extremely pleased to have accomplished this significant step. Achieving this goal highlights the determination the company, senior management and our entire team has to make TEK DigiTel a success. Each hurdle that we had to overcome forced us to examine our processes and implement controls that will give us a significant advantage as we build and grow the organization. We see the listing on the OTC BB providing a significant advantage for the company as it gives us a more credible marketplace and strong potential for increased liquidity. We also look forward to more frequent and substantial shareholder communication given our reporting status,'' stated Enghe Chimood, CEO.

TEK will host a conference call January 30 at 4 pm EST to provide investors with a complete update on the results the company has produced to date and detail the company's vision for the future. This call will be accessible on a toll-free basis by dialing 1-800-273-9672 (no password required). For investors unable to join the call, a replay will be available from January 31 to Feb 6. The replay will be accessible by dialing 1-800-408-3053, password 670408. Investors with questions and topics of interest should contact Investor Relations in advance by telephone 1-888-393-4979 or email ir@tekdigitel.com.

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.