UTGC Increased its Revenues by 93.5% vs. Previous

19.07.1999, 20:06

Quarter New York (PROTEXT) - UTG Communications International Inc.(OTC Bulletin Board: UTGC) announced today that its continuedefforts are showing signs of increasing results. The strongefforts by the present management are expected to have a positiveimpact on the overall situation of the Company. The Company retail revenues have increased in the quarterended March 31, 1999 by approximately 93.5% compared to thequarter ended December 31, 1998. This is the third increase in arow on a quarterly basis. The previous increases were 99.4% forthe quarter ended December 31, 1998 and a increase of 32% for thequarter ended September 30, 1998 versus the relevant previousquarters. The Company intends to resume additionally itswholesale traffic business and expand its retail activities inthe very near future. The Company also continues its development of the Swiss,Belgium and UK Card platforms to deliver services to retail andwholesale customers. Once all these services are fullyoperational they are expected to make an additional significantcontribution to the Company's revenue and provide the Company andits subsidiaries with new synergetic possibilities. The SwissPrepaid Cards with the brand Starfon Telecard will start to beshipped this week to the customers who ordered these products. UTG Communication Int. Inc. is a European provider ofInternet services, E-Commerce and Telecommunications services,including long distance and prepaid/postpaid phone cards. It hasa extensive distribution network in Europe. The Company owns andoperates switching facilities in various European Countries. This release contains certain forward-looking statements whichinvolve known and unknown risks, uncertainties and other factorsnot under the Company's control which may cause actual results,performance, achievements of the Company to be materiallydifferent from the results, performance of expectations impliedby these forward-looking statements. These factors include, butare not limited to, the limited liquidity of the Company, thelimited operating history of the Company under its reorganisedmanagement team, as well as other risks detailed in the Company'speriodic filings with the Security and Exchange Commission. otsOriginal Text Service: UTG Communications International Inc.Internet: http://www.newsaktuell.de Contact: Investor RelationDept. of UTG Communications International Inc., 011-41-1-749-31-03, or fax, 011-41-1-749-31-09

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