COSTA MESA, Calif., March 5, 2001 (PRIMEZONE) -- GTC Telecom Corp. (OTCBB:GTCC) shares have been recommended in an analyst report released by WallStreet Research, a prominent research boutique led by Alan Stone, Managing Director of Alan Stone & Company, LLC. Mr. Stone was formerly a securities analyst and assistant portfolio manager at Merrill Lynch Asset Management and investment analyst at Prudential Insurance Company's Capital Markets Group.
WallStreet Research specializes in the microcap and smallcap investment arena, looking for emerging growth companies with strong management, unique or proprietary technology, significant market potential, financial strength and outstanding long-term earnings growth possibilities. WallStreet Research is currently ranked as one of the leading research firms in analyzing the microcap and smallcap marketplace on Wall Street. The report on GTC Telecom is available, together with additional information about WallStreet Research, at www.WallStreetResearch.org.
Founded in 1997, GTC Telecom is a Telecom/Internet company, providing long distance service to over 95,000 residential and business customers throughout the United States. GTC Telecom has some of the lowest long distance rates in the industry today to compete with AT&T (NYSE:T), Sprint (NYSE:FON), Qwest Communications (NYSE:Q) and IDT Corp. among others. Named by the Kiplinger Letter, as the "real nickel-a-minute plan," GTC Telecom offers a five-cent per minute anytime, anyday long distance rate plan with no monthly fee. Consumers that choose not to be billed on a credit card will be charged a $1.95 per month processing fee. GTC Telecom offers basic Internet and long distance bundled and non-bundled plans. For basic unlimited 56K dial up Internet access, GTC offers a plan for $9.95 per month, which competes with other Internet service providers like Earthlink and MSN Internet. In addition, GTC offers a portal site, www.gtczone.com, which competes with other portal sites such as Lycos and Yahoo. The Company also offers long distance calling cards via the Internet on its site, www.ecallingcards.com. For further information please visit GTC's Web site at www.gtctelecom.com.
The information presented in the Wall Street Research report on GTC Telecom is not to be construed as an offer to sell, nor a solicitation of an offer to purchase, any securities referred to therein or otherwise. The reader is advised to review all SEC filings for a more complete description of the business, including financial statements and all risk factors. Alan Stone & Company LLC, an affiliate of WallStreet Research, is retained by GTC Telecom as an investor relations counsel for a combination of cash and stock, the specifics of which are set forth in the research report that can be accessed online at www.WallStreetResearch.org.
Included in this release are "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. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors.