MCLD - McLeod USA, Inc. (MCLD)

[jmhollen]

TheSUBWAY.com Announces Investment Opinion on Kanakaris Wireless, Natural Health Trends Corp., PACEL Corp., McLeodUSA Incorporated and Constellation 3D, Inc.

WESTON, Fla., Jul 17, 2001 (BUSINESS WIRE) -- TheSUBWAY.com releases the
following investment opinions on Kanakaris Wireless (OTCBB: KKRS), Natural Health
Trends Corp. (OTCBB: NHTC), PACEL Corp. (OTCBB: PLRP), McLeodUSA Incorporated
(Nasdaq: MCLD) and Constellation 3D, Inc. (Nasdaq: CDDD).

McLeodUSA Incorporated (Nasdaq: MCLD) Previous Close: Down 2% to $2.84 on vol.
6,493,800 Shares: ACCUMULATE

McLeodUSA Incorporated (Nasdaq: MCLD), the nation's largest independent
competitive local exchange carrier, announced it has declared a regular
quarterly dividend on its 6.75 percent Series A Cumulative Convertible Preferred
Stock. The dividend is payable in shares of the Company's Class A Common Stock
at a rate of $4.21875 per share of Series A Preferred Stock owned, with
fractional shares to be paid in cash.

McLeodUSA provides integrated communications services, including local services,
in 25 Midwest, Southwest, Northwest and Rocky Mountain states. The Company also
provides data and voice services in all 50 states. McLeodUSA is a
facilities-based telecommunications provider with, as of March 31, 2001, 396 ATM
switches, 50 voice switches, nearly 30,000 route miles of fiber optic network
and 11,300 employees.

The Company's fiber optic network is capable of transmitting integrated
next-generation data, Internet, video and voice services, reaching 800 cities
and approximately 90% of the U.S. population. In the next 12 months, McLeodUSA
plans to distribute 34 million telephone directories in 26 states, serving a
population of 56 million.