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Tuesday, 07/22/2003 9:24:49 PM

Tuesday, July 22, 2003 9:24:49 PM

Post# of 8
EPHO

http://biz.yahoo.com/prnews/030624/netu025_1.html

On May 9th 2003, ePHONE announced that it had agreed to merge with Champion Teleport of Greenwich, CT, an affiliate of Alphastar International. The merger will enable ePHONE to offer a full suite of value added VoIP telephony, wireless and Wi-Fi broadband services.

Further, the newly merged company intends to consolidate the rapidly growing and highly fragmented wireless / Wi-Fi broadband and VoIP industries.

The merger is expected to be consummated within the next several weeks. Dr. Mahmoud Wahba, President of Champion Teleport, was recently appointed to ePHONE Board of Directors.

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