The Jailhouse

[jurisper]

If you really rummage around in the wondrous new Telynx Web site, you can also find this PR, which didn't seem to hit any newswires but which might nevertheless be of interest to TLXX shareholders, since they now have 10% of the shares they held last week, which they won't be able to trade.

http://www.telynx.net/pages/press_releases_copies/pr_6_2004.htm

Telynx, Inc.

13520 Rye Street Suite 105

Sherman Oaks, CA 91423

1(415) 812-0518

FOR IMMEDIATE RELEASE

Symbol:TLXX

Telynx, Inc. Announces New Changes At The Company

( Sherman Oaks, California June 15, 2004) Following recent restructuring efforts, the Board of Telynx, Inc. (TLXX), announces new changes within the company. On June 1, 2004 , the majority stockholders approved a new Transfer Agent, CUSIP number, and a Reverse Split resolution.

Effective June 21st, 2004 , Transfer Online, Inc. will be the new transfer agent for Telynx, Inc. Transfer Online, Inc. (www.transferonline.com), “is an online stock transfer agent, financial services provider, and consulting firm, with expertise in traditional services - as well as integration of new technologies.”

With its new CUSIP number, the company will impose a mandatory stock certificate exchange, effective immediately. All outstanding certificates will need to be mailed to the company’s headquarters in Sherman Oaks, CA, where they will be validated by the company prior to issuance of new certificates with the new CUSIP number. The new Transfer Agents will not be able to effectuate certificate exchange. Stockholders and Brokers need to contact us at [e-mail] for procedures on Stock Certificate Exchange.

The Board also approved a 10 to 1 Reverse Split effective June 18th, 2004 at Market close. Currently, the company is authorized for 1,000,000,000 shares, with 352,000,000 shares in the market. After the Reverse Split the company will have 35,200,000 shares in the market.

In addition, the board has elected to terminate the company’s 401k Plan. As of June 2, 2004, the 401k plan was terminated. Participants will be receiving a letter in the mail regarding the termination. Participants can contact us at [e-mail] for additional information.

It is the Board’s hope that these changes will eliminate most of the issues that have prevented the company’s progress in the past.

Telynx is a leader in telecommunications infrastructure management systems. The company’s principal activities are to provide professional services and supply software products for Operations Support Systems (OSS) of the telecommunications industry and for general enterprise networks. Telynx' customers include clients in the telecommunications industry and Fortune 100 financial institutions. Telynx trades on the Pink Sheets under TLXX.



Contact: [e-mail]



Except for the historical information, the matters discussed in this news release are forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could effect results include the mix of business between product and services; the type and size of customers doing business with the company and the structure of those transactions, their products and services requirements and the impact of timing of revenues relative to expenses; timely development, introduction and acceptance of new products and enhancements to existing products and evolving markets; expansion of the company’s ability to consummate relationships with alliance partners; the impact of competitive announcements and products; the rate of growth of the market in which the company competes; acquisition activities and the ability to integrate acquired businesses successfully; the impact of changes in accounting standard; the effects and rate of change in standard platforms for telecommunications products; as well as the risk factors listed from time to time in the company’s U.S. Securities and Exchange Commission (SEC) reports. The company assumes no obligation to update the forward-looking statements included in this news release.

Copyright © 2004 Telynx, Inc. All Rights Reserved