News for 'CYTP' - (Cybertel Communications' Update on The Giving Card)
VISTA, Calif., May 11, 2004 /PRNewswire-FirstCall via COMTEX/ -- Cybertel Communications Corporation (OTC Bulletin Board: CYTP) announced today that The Giving Card, Inc. (TGC) has entered into a contract to reverse merge with a publicly held company. Cybertel has an investment in The Giving Card and has previously stated its intent to distribute shares in TGC to Cybertel shareholders after TGC became a public company.
"This gives us the opportunity for Cybertel to share its investment in The Giving Card with its shareholders," stated Richard Mangiarelli CEO of Cybertel.
About The Giving Card
The giving card is an Affinity Group product that allows credit card holders from Master Card, Visa and American Express, who are members of Affinity Groups such as college Alumni Associations or Charities, to contribute to their Affinity Group or favorite Charity by registering there currently held credit cards on The Giving Card Website and using their credit cards at selected merchants. There are currently 135,000,000 + card holders from college Alumni, Charities and other Affinity Groups in the United States.
ABOUT CYBERTEL
Cybertel is a fully integrated telecommunications service provider that supplies a wide range of telecommunications services. The Company can offer highly competitive rates to its residential customers on long-distance, personal 1-800 numbers, and calling cards. For businesses, Cybertel offers a wide variety of value-added services. Cybertel worldwide web address is www.cybertelcorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission
SOURCE Cybertel Communications Corporation
CONTACT: Art Armagost of Cybertel Communications Corporation,
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