American Nortel Communications Inc. Announces: Fiscal 1999 Results of .27/Share vs. .04/Share For Fiscal 1998 - Company Financial Information

Cambridge Telcom Report, Sept 20, 1999

American Nortel Communications Inc. (OTC BB:ARTM) Tuesday announced the following sales, net income and earnings per share figures for June 30, Fiscal 1999 and 1998:

                                      1999             1998
Gross Sales                       $17,103,286       $4,646,222
Net Income Before
Extraordinary Item               $ 3,361,259       $  466,459
Extraordinary Item                $   736,340       $    0

Net Income                        $ 4,097,599       $  466,459

Net Income Per Share                 0.27              0.04

Total Assets                      $ 6,302,388       $ 1,017,846

"We are pleased to announce our 8th consecutive quarter of profitability," said Bill Williams, chief executive officer of American Nortel Communications.

"We believe these audited figures set the stage for our eventual NASADAQ listing."

The Extraordinary item relates to the restructuring of debts the company renegotiated.

Scottsdale based American Nortel Communications Inc. is a provider of one plus long distance services, international callback, phone cards, and fax services.