V-TEL Communications Press Releases:

October 1999.........."LONDON TAXI COMPANY TO CARRY NEW LCD ADVERTISING SCREENS. V-TEL Corporation, a communications development company, will supply the necessary technology to equip London taxis with passenger side LCD advertising screens."

 Taxivision Ltd. has acquired the exclusive international rights to technology from V-Tel Corporation entitled Transit Cellular Vision ("TCV"). TCV encompasses a method of downloading and storing digital data via a cellular phone transceiver integrated with a full color video screen ("TCV unit") installed in mobile venues (taxis, buses, limousines) for the purpose of displaying information and advertising to passengers en-route.

  The first market for implementation of the TCV system is the London taxi fleet of 20,000 vehicles. Passengers are essentially a captive audience for the duration of each trip and advertisers will have an accurate measure of the exposure to their full color video advertisements and of the typical London taxi passenger demographic profile.

  Taxivision will provide advertisers the opportunity to reach an average of 80 passengers per taxi per day, with each passenger being exposed to a minimum of one 30 second full color video message per advertiser per trip (based on an average of 12.5 minutes per trip). The average potential audience for each advertiser’s 30 second message per taxi (based on each taxi operating 22 days a month) is 1760 passengers a month. At the rate of one penny per passenger reached, the monthly rate charged to each advertiser is 17.60 pounds for each taxi per month. The fact that a maximum of only 25 to 30 advertisers per taxi will be accommodated in any given month will create a significant demand for this unique advertising medium. The cost to advertisers of one penny for each passenger reached is competitive with other media able to deliver a captive audience whose demographic profile is at the high end of the market. The TCV System is flexible in that the number of TCV screens addressed is at the advertiser’s discretion, and messages can be changed remotely at Taxivision’s studio during the time of the advertising contract.

November 1999......V-Tel Incorporated, of Florida, sells patented Internet Technology to SENETAS PTY.LTD., of Australia creating a new industry in Secure Internet Access for Credit Card purchases over the NET!

  In November of 1999, after an independent technology and patent evaluation by the Mentor Group of San Diego, California, Senetas Pty. Ltd. of Australia purchased the World Wide rights and patents to the Internet Access Technology designed and developed by V-Tel Corporation. Members of the US National Security Agency and the Australian Department of Defense concluded that the V-Tel technology is superior in security to other forms of currently used cryptography involving secure Internet Access. The technology was re-evaluated recently at $11.5 million US dollars. Senetas publicly traded shares have increased in value over the past 4 months by approximately 900%. Senetas has resold the V-Tel technology to a US subsidiary company of Senetas for an undisclosed sum of cash, shares and other options.

February 2000......V-Tel, Inc. of Florida receives formal appraisal of the Credit Card Hand-Held cellular phone technology and associated WorldWide patents licensed to Virtual Fonlink America in 1999. The technology involves turning a standard off-the-shelf cellular telephone into a phone that can accept a magnetic stripe credit card. The technology can also allow the phone to accept a smart card that creates a wireless POS terminal for bill payment, purchases and Internet access.

  Virtual Fonlink of America recently received a formal appraisal of Credit Card Cellular Telephone Patents for both the US and the rest of the World that they licensed from V-Tel, Inc of Florida in 1999. While the exact dollar amount of the technology evaluation was confidential, the valuation will allow VFA to make an initial IPO later this year as a Normal NASDAQ traded stock. The initial offering is expected to open at $10.00 before yearÕs end.

March 2000......V-Tel, Inc of Florida has had a formal expression of interest from the CEO and Chairman of Senetas, Ltd. Australia to enter into a contract to purchase part or all of V-Tel’s latest patented invention relating to purchasing custom fit clothing on the Internet. Senetas Ltd. would wrap the new V-Tel patents into its K.U.S.P. of Australia and create another US spin-off company.

  Senetas’ head, Francis Galbally, on a recent trip to the US, in March, paid a visit to his glory boys at V-Tel, whose technology so far has become a superstar success with Australian stock watchers and traders of Senetas. Personally, Mr. Galbally’s share value in Senetas has increased over $20 mil US dollars since the company’s recent purchase of V-Tel technology. Now Senetas, perched to create another US spin-off company, has again turned to V-Tel, Inc. of Florida. The technology itself is very hush-hush in anticipation of a technology evaluation on the part of Senetas, Ltd. However, the clothing industry boasted sales in excess of $2 Trillion USD last year, and Senetas hopes to capture nearly 1% of that total Internet market over the next 5 years utilizing V-Tel patent technologies.