LecStar Corporation Announces Election of New Directors

Apr 25, 2001, 01:00 ET from LecStar Corporation

    ATLANTA, April 25 /PRNewswire/ -- LecStar Corporation,
 (OTC Bulletin Board:   LCST), an international telecommunications company, held
 its 2001 Annual Meeting of Shareholders earlier today, at which shareholders
 re-elected three directors to serve for additional one-year terms.  Messrs.
 William S. Woulfin, W. Dale Smith and John C. Canouse were appointed to the
 five-person Board of Directors of LecStar, with Mr. Woulfin being named
 Chairman.  Mr. W. Bruce Lunsford, who was nominated to serve as a member of
 the board, will instead serve as a special advisor to the board.
     Shareholders of LecStar also approved the Company's 2001 Stock Incentive
 Plan, as well as ratified LecStar's intended engagement of Ernst & Young, LLP,
 as LecStar's independent accountants for fiscal year 2001.
 
     LecStar is headquartered in Atlanta, Georgia.  For more information,
 please contact W. Chad Smith at 404-659-9500.
 
     Note: Statements in this press release that are not historical may be
 deemed forward-looking statements within the meaning of the Private Securities
 Litigation Reform Act of 1995.  Although LecStar believes the expectations
 reflected in any forward-looking statements are based on reasonable
 assumptions, it can give no assurance that these expectations will be
 attained.  Differences between assumed facts and actual results can be
 material depending on the circumstances and investors should be aware of
 important factors that could have a material impact on future results.  Some
 of such factors that could cause actual results to differ materially from
 LecStar's expectations include completion of pending investments, continued
 availability to originate new investments, the availability and cost of
 capital for future investments, competition within the industry, economic
 conditions and other risks detailed from time to time in LecStar's SEC
 reports.
 
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SOURCE LecStar Corporation
    ATLANTA, April 25 /PRNewswire/ -- LecStar Corporation,
 (OTC Bulletin Board:   LCST), an international telecommunications company, held
 its 2001 Annual Meeting of Shareholders earlier today, at which shareholders
 re-elected three directors to serve for additional one-year terms.  Messrs.
 William S. Woulfin, W. Dale Smith and John C. Canouse were appointed to the
 five-person Board of Directors of LecStar, with Mr. Woulfin being named
 Chairman.  Mr. W. Bruce Lunsford, who was nominated to serve as a member of
 the board, will instead serve as a special advisor to the board.
     Shareholders of LecStar also approved the Company's 2001 Stock Incentive
 Plan, as well as ratified LecStar's intended engagement of Ernst & Young, LLP,
 as LecStar's independent accountants for fiscal year 2001.
 
     LecStar is headquartered in Atlanta, Georgia.  For more information,
 please contact W. Chad Smith at 404-659-9500.
 
     Note: Statements in this press release that are not historical may be
 deemed forward-looking statements within the meaning of the Private Securities
 Litigation Reform Act of 1995.  Although LecStar believes the expectations
 reflected in any forward-looking statements are based on reasonable
 assumptions, it can give no assurance that these expectations will be
 attained.  Differences between assumed facts and actual results can be
 material depending on the circumstances and investors should be aware of
 important factors that could have a material impact on future results.  Some
 of such factors that could cause actual results to differ materially from
 LecStar's expectations include completion of pending investments, continued
 availability to originate new investments, the availability and cost of
 capital for future investments, competition within the industry, economic
 conditions and other risks detailed from time to time in LecStar's SEC
 reports.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X25792972
 
 SOURCE  LecStar Corporation