Telegroup Subsidiary RediCall Wins Telecard Awards
FAIRFIELD, Iowa, June 22, 1998 -- RediCall, Australia’s most frequently honored interactive card company and a subsidiary of global telecommunications provider, Telegroup, Inc. (Nasdaq: TGRP), has again received recognition for its innovative marketing programs. At the InteleCard News Prepaid Excellence Awards held on May 29 in Miami, Florida, RediCall received three awards--including first place for outstanding international retail card--for cards it had designed for clients Sony, IDP Education Australia /Ansett Australia, and the Pharmacy Guild of Australia.
These awards will be presented by Telegroup and RediCall senior management to their Australian clients at the 1998 Pan Pacific Marketing Exhibition being held June 23 to 25 at the Sydney Convention Center.
Redicall Managing Director Mike Farley stated, “We want the marketing decisionmakers of Australia and the many international marketing dignitaries present at this Exhibition to know what RediCall has achieved for its clients through the exciting and potentially unlimited medium of interactive cards as a major part of their marketing mix.”
Telegroup’s Managing Director - Australia, Mr. Geoffrey Wells, stated: “We are very pleased that RediCall and its clients have received this industry recognition. RediCall’s interactive card products offer corporate customers an excellent branded marketing tool. In addition, RediCall’s clients can now take advantage of Telegroup’s global network and low cost international telecommunications rates.”
Australia’s leading branded interactive prepaid phone card marketing company, Redicall provides international interactive marketing and sales promotional services, marketing consultancy, creative development, program management, data collection, technical development, and program evaluation services. In November of last year, RediCall received seven awards in the International Card of the Year competition, for a total of ten awards in the last year, making it the industry leader in telecard awards.
Telegroup is a leading global carrier of long distance telecommunications services to over 200 countries. Telegroup offers services to small- and medium-sized businesses and residential customers. The company also provides value-added wholesale services to over 40 domestic and international telecommunications carriers. Telegroup is recognized as having one of the most comprehensive global sales, marketing, and customer service organizations of the emerging multinational carriers. The company operates a digital, facilities-based network, the Telegroup Intelligent Global Network®, which consists of a central operating center, twenty-one switches, five enhanced service platforms, owned or leased capacity on ten digital fiber-optic cable links, and leased parallel data transmission capacity. Telegroup had revenues of $337 million in 1997.
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995: This news release contains statements which are not historical facts and may be considered forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including improvement of Telegroup’s competitive position, benefits and advantages of the awards, and achievement of Telegroup’s and Redicall’s business objectives and plans. Telegroup’s actual results might differ materially due to numerous factors including, without limitation, the Company’s success in developing its business plan, and acquiring additional financing needed to meet this plan, foreign currency fluctuations, termination of certain operating agreements, and changes in tax law. Those and other risks are described in the Company’s filings with the Securities and Exchange Commission.
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