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Lit Fiber #one




Group: Lit Fiber
Posts: 84
Joined: Dec. 2003 Posted: April 18 2004,09:44

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LitFiber Inks LOI to Acquire Email 2 Phone; Forecast to Add $1.4 Million in Assets and Revenue

TOMBALL, TX, Apr. 19, 2004 -- LitFiber Inc. (OTC: LTBI ) announces the signing of a letter of intent to acquire Email 2 Phone, a telecommunications application development and services provider with headquarters in Plymouth, MN (http://www.email2phone.net).

The acquisition is forecast to add more than $1.4 million in annualized revenue and assets expected to be accretive to Litfiber’s fiscal 2004 earnings. The final transaction, subject to the signing of definitive agreements and customary closing conditions, is expected to close in May 2004.

“Email 2 Phone represents a thoughtful addition to our growing telecommunications platform,” said John D. Jarvis Jr., Chairman and CEO of LTBI. "Email 2 Phone has built a terrific company and telecom product which addresses a specific niche in our iTALK2u platform; we expect this acquisition to be accretive to our earnings and assets for the 2004 fiscal year beginning March 1, 2004. This will be both a stand alone service and included in our iTALK2u (http://www.Litfiber.com/italk) VOIP offering."

Email 2 Phone is an interactive e-mail to telephone voice- messaging service. It converts e-mail messages sent to your e- mail box into high quality human voice messages for delivery to a user specified telephone number. After listening to an Email2Phone e-mail message by telephone, you may respond by voice which will be translated and sent as an e-mail. Learn more about Email 2 Phone at http://www.email2phone.net.

“This is our inaugural acquisition; LTBI is targeting and plans to complete as many as three additional key acquisitions this year. The time is right for rapid advancement in the VOIP and
telecommunication platform markets. LTBI intends to achieve immediate growth in this market space via acquisitions that strengthen our overall strategy and service offering,” added CEO John D. Jarvis Jr.

LitFiber is a full service, engineering based Fixed Wireless, Online Web Development and Telecommunications Company, specializing in wireless business communication systems, system integration, computer telephony software deployment, IP telephony, data networking and unparalleled customer service achieved through innovative team concepts. Founded by John D. Jarvis Jr., LitFiber built its business first and foremost by providing the customer cutting edge solutions based on real world needs that could only be solved by custom design (www.litfiber.com).

More Information on iTALK2u can be found at http:// www.litfiber.com/italk .

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts may be deemed to contain
forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.

Contact:
Litfiber Inc.
http://www.litfiber.com
http://www.litfiber.com/italk

John D. Jarvis Jr.
Chairman/CEO
Litfiber Inc.
[e-mail]
Vox: 281.255-9424, ext. 100
ITALK2U: Jarvis