Saratoga International Holdings Provides Form 10-SB A-1 Update

Business Wire, April 26, 2000

Business Editors

KIRKLAND, Wash.--(BUSINESS WIRE)--April 19, 2000

Saratoga International Holdings Corp. (OTCBB:SHCC) today provided a progress report on its Form 10-SB A-1 filing with the Securities and Exchange Commission (SEC). Form 10-SB is the form that all OTC Bulletin Board companies must file with the SEC in order to become fully reporting.

On January 24, 2000, Saratoga filed its original Form 10-SB with the SEC in an effort to become a reporting issuer. This filing occurred well in advance of the scheduled May 17, 2000 phase-in for small business issuer registrants as proscribed by the NASD's OTC Bulletin Board Eligibility Rule. SEC comments on the initial filing, as expected, were received on February 29, 2000.

The Company filed its response in the form of an amendment, Form 10-SB A-1, to the original filing on March 21, 2000. The SEC's second comment letter was received on April 14, 2000. Saratoga is preparing its response to the remaining questions and plans to file an amended Form 10-SB A-2 on April 20, 2000.

Patrick F. Charles, Saratoga's President and CEO, provided these comments: "The Company has addressed all issues contained in the SEC comment letters and we are confident in gaining the approval necessary to comply with the registration requirements as put forth by rule 12-G. Final Phase-In is May 17, 2000 and we believe we are on track to meet this deadline, allowing SHCC to continue trading on the OTC BB".

"We are moving forward with our plan for building shareholder value by seeking acquisitions that fit our growth-oriented business model. Key to a solid business is becoming a fully reporting entity. I would like to thank our loyal and supportive shareholder base which continues integral to SHCC's success."

Pending SEC final approval, the stock symbol, SHCC, may be appended with an "E". This designation indicates that unapproved registrants are in the final month prior to the Phase-In deadline. The "E" designation will occur for Saratoga and stocks in its Phase-In group after Monday, April 24, 2000.

Saratoga International Holdings Corporation is a global telecommunications company whose growth is based upon a plan of acquisition and consolidation of existing businesses and technologies products and services targeted at the rapidly expanding e-commerce industry. Through its TalkIsCheapCard(TM) Program, Saratoga Telecom seeks to establish itself as a worldwide reseller to Internet-based long-distance service re-sellers. By making economical pre-paid long-distance available to second and third world countries, directly over the Internet, Saratoga positions itself to capture significant share of the pre-paid long-distance market without the prohibitive cost of traditional pre-paid retailing such as card production and distribution.

Mr. Patrick Rost of PMR and Associates, the company's corporate public relations firm, may be contacted at 760/942-0015 e-mail pmrandco@aol.com. SHCC can be reached by calling 888/878-9683 or logon to SaratogaHoldings.com; for more information about the TalkIsCheapCard(TM) Program, logon to website www.TalkIsCheapCard.com for more about the company's stock, logon to www.otcinfo.net

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.