Startec Announces Delay in Release of Fourth Quarter Results

Apr 02, 2001, 01:00 ET from Startec Global Communications Corporation

    BETHESDA, Md., April 2 /PRNewswire/ -- Startec Global Communications
 Corporation (Nasdaq: STGC) today announced that it has deferred reporting its
 financial results for the quarter and the year ended December 31, 2000.
     The Company stated that the reporting delay has occurred because it has
 not yet completed a detailed review of its long-lived assets and certain
 identifiable intangible assets in order to fully and accurately reflect any
 impairment resulting from significant adverse changes in market conditions
 that occurred during the fourth quarter of 2000.  The Company has filed a Form
 12b-25 to extend the deadline for the filing of its Annual Report on Form
 10-K.
 
     About Startec:
     Startec Global Communications is a leading provider of advanced
 communications and Internet services to ethnic residential customers and
 enterprises transacting business in the world's emerging economies.  The
 Company's extensive affiliated network of international gateway and domestic
 switches, IP gateways and ownership in undersea fiber optic cables also
 provides IP-based voice, data and video service to major long distance
 carriers, Internet Service Providers (ISPs) and Internet Portals.
     Startec's Managed Network Services are currently available nationwide,
 scaleable for businesses of any size.  Businesses can currently register
 online to become Startec Commercial Services customers through the Company's
 interactive portal.  For information on becoming a Startec Commercial Services
 customer, call 800-393-6751 or send an e-mail to commercial@startec.net.
 
 

SOURCE Startec Global Communications Corporation
    BETHESDA, Md., April 2 /PRNewswire/ -- Startec Global Communications
 Corporation (Nasdaq: STGC) today announced that it has deferred reporting its
 financial results for the quarter and the year ended December 31, 2000.
     The Company stated that the reporting delay has occurred because it has
 not yet completed a detailed review of its long-lived assets and certain
 identifiable intangible assets in order to fully and accurately reflect any
 impairment resulting from significant adverse changes in market conditions
 that occurred during the fourth quarter of 2000.  The Company has filed a Form
 12b-25 to extend the deadline for the filing of its Annual Report on Form
 10-K.
 
     About Startec:
     Startec Global Communications is a leading provider of advanced
 communications and Internet services to ethnic residential customers and
 enterprises transacting business in the world's emerging economies.  The
 Company's extensive affiliated network of international gateway and domestic
 switches, IP gateways and ownership in undersea fiber optic cables also
 provides IP-based voice, data and video service to major long distance
 carriers, Internet Service Providers (ISPs) and Internet Portals.
     Startec's Managed Network Services are currently available nationwide,
 scaleable for businesses of any size.  Businesses can currently register
 online to become Startec Commercial Services customers through the Company's
 interactive portal.  For information on becoming a Startec Commercial Services
 customer, call 800-393-6751 or send an e-mail to commercial@startec.net.
 
 SOURCE  Startec Global Communications Corporation