Clariti Telecommunications International, Ltd. Engages ING Baring Furman Selz LLC

Business Wire, Nov 19, 1998

PHILADELPHIA--(BUSINESS WIRE)--November 19, 1998--Clariti Telecommunications International, Ltd. (OTC Symbol:CLRI) ("Clariti") announced today that it has engaged ING Baring Furman Selz LLC ("ING Barings") to provide financial advisory and investment banking services to the company. ING Barings is one of the world's leading financial services firms operating in over 50 countries. Peter Pelullo, Chairman of Clariti stated, "ING Barings' knowledge of international financial markets and the telecommunications industry will provide the highest quality financial and investment banking resources for our company's future growth. ING Barings will also provide merger and acquisition advice on future transactions."

ABOUT CLARITI

Clariti is currently developing the ClariCASTTM Digital Voice Paging System, the world's first low-cost high-speed digital voice paging system. The ClariCASTTM system combines a full-featured voice mail system with wireless voice pagers. This patented communications technology uses FM subcarrier frequencies, so it can be quickly and inexpensively installed in any city where FM radio towers exist. The company, which is located in Philadelphia, plans to market its voice paging service worldwide, including fast-growing paging markets such as Europe, Latin America, and the U.S. In addition, the company plans to seek out strategic acquisitions in the telecommunications industry. More information on Clariti and the ClariCASTTM Digital Voice Paging System can be found on the World Wide Web at http://www.clariti.com.

ABOUT ING BARINGS

ING Barings is the organization and trade name under which ING Bank N.V. and certain of its subsidiaries conduct their international corporate and investment banking activities. ING Bank N.V. is part of ING Group, one of the largest financial service groups in Europe. ING Barings provides a wide range of corporate and investment banking services covering both the developed and emerging markets. These include treasury services, M&A, corporate and sovereign lending, trade and commodity finance, fixed income and equity origination, trading, sales and research. Within the telecommunications sector, ING Barings focuses on competitive providers of telephony services.