Teltran VoIP Service Announces Third MajorAgreement.

NEW YORK--(BUSINESS WIRE)--April 5, 1999--Teltran International (OTC BB:TLTG) announced Monday that a third agreement has been signed with a major US telecom carrier to provide international termination of voice, fax and data transmissions using Teltran VoIP Service.

The agreement is for

one year with automatic renewal. "After all installations are completed we fully expect to be transmitting approximately 5 million minutes per month from the three contracts we have signed. The $12 million in annual revenues that we will realize from the contracts will give Teltran a base from which to grow as new countries are added to the TVS network," said Peter Biagioli, Teltran's vice president - Sales & Marketing.

"It appears as though we are on target to meet or even exceed my earlier projections of revenue in excess of $30 million annually and earnings of $0.30 per share," said Byron Lerner, Teltran's president and CEO.

About Teltran

Licensed by the FCC as a global facilities-based common carrier, Teltran offers a full range of telecommunications and Internet services including Voice over IP, domestic and international long distance, Web Portal and Hosting, fax broadcast services and calling card programs.

Disclaimer

Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may differ materially from actual future events or results. The future performance of the Company involves risks and uncertainties that could cause actual results to differ markedly from those anticipated by such forward-looking statements. Such risks include but are not limited to the following: a limited operating history for the Company; potential fluctuations in operating results; competition; pricing pressure; dependence on third-party suppliers of hardware and software; shortage of modems; dependence on telecommunications carriers; management of growth; limited market; a need for and risks of international expansion; the existence of a new and uncertain market; customer retention issues; rapid technological change; security risks; the risk of system failure; formal licensing and joint marketing agreements; patents and proprietary rights; infringement claims; changes in government regulation; risks associated with providing content including potential liability; dependence on key personnel and need to hire additional qualified personnel; uncertainty of currency exchange rates; need for additional capital; and enforceability of civil liabilities.