PICKSat Inc. Enters Strategic Alliance with Microsoft

Business Wire, Oct 8, 1998

MIAMI--(BUSINESS WIRE)--Oct. 8, 1998--PICKSat Inc., a wholly owned subsidiary of PICK Communications Corp.(OTCBB: PICK) today announced that it has entered into a strategic alliance with Microsoft Corporation. Microsoft(R) will provide software solutions to support PICKSat Inc.'s service offering. PICKSat Inc., www.picksat.net, specializes in the delivery of Internet and High-Speed Interactive Services via satellite.

This will be among the first satellite interactive platforms that will use the complete range of Microsoft's server software solutions including Windows NT(R) Server, Windows(R) Media Technologies and Microsoft Commercial Internet System. PICKSat Inc.'s alliance with Microsoft Corporation is a major step forward in making high-speed networks accessible from the desktop.

PICKSat will offer an "open" (non-proprietary) standard solution that will allow any company to have its own private or public satellite-based interactive multimedia network. Any type of multimedia and data service provider can host their technology or application at PICKSat's facility faster and at a fraction of the cost to build and operate their own network.

Earlier in the week, PICKSat announced a strategic partnership with Philips Digital Video Systems Company. They have already installed their CleverCast(TM) system at PICKSat Inc.'s Network Operations Center. The system is one of the most advanced end-to-end data broadcasting system solutions on the market today. PC users can receive satellite transmissions of digital data, TV, audio, high-speed internet, e-commerce and other multimedia applications.

Examples of services that can be delivered for companies using the PICKSat delivery platform include: High-Speed Internet, Digital Interactive Television, CD quality audio, and any other type of related high bandwidth, media rich content.

"This alliance is another significant step for PICKSat, Inc. The relationship with Microsoft gives us the software capabilities we need to insure the integrity and flexibility of PICKSat's services. Our strategic alliances with Microsoft and Philips Digital Video Systems Company give us the hardware and software solutions we need to make PICKSat a reality in early 1999," said Diego Leiva, Chairman of PICK Communications Corp. "The Information Highway will become the Information Speedway because of PICKSat and the technological advances represented by these cooperative agreements."

"Microsoft is pleased to be working with PICKSat as they deliver new services via high bandwidth to the Americas, the Caribbean and Europe." Said Andreas Korner, regional business development manager of Microsoft's Internet Customer Unit. "We see this as an opportunity to provide leading edge services such as interactive video, digital audio and push web content based on Microsoft products and platforms."

PICK Communications Corp., parent company with offices in Wayne, NJ and Miami, FL, is a full service, facilities-based telecommunications carrier with four wholly owned subsidiaries. PICK, Inc. markets and distributes prepaid telephone calling cards. PICKNet Inc. and PICKNet U.K. PLC provide international long distance services to other carriers and resellers. PICKSAT Inc. will provide satellite-based Internet access and Interactive Multimedia services to end user service providers.

PICK Communications recently announced completion of a $9.9 million Private Placement to increase its financial flexibility for future growth.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbors created thereby. The Company's actual future results could differ materially from the forward-looking statements discussed herein based on certain risks and uncertainties including the timely development and acceptance of new products in a constantly evolving telecommunications industry, the impact of competitive products and pricing, government regulations and the other risk factors detailed from time to time in the Company's SEC reports.