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                                                           EXHIBIT  10.18

                                                        November 26, 1997

                                                               $1,000,000

                             DEMAND PROMISSORY NOTE


                  AMNEX, INC., a New York corporation ("AMNEX"), AMERICAN
NETWORK EXCHANGE, INC., a Delaware corporation and wholly-owned subsidiary of
AMNEX ("ANEI"), and CRESCENT PUBLIC COMMUNICATIONS INC., a New York corporation
and wholly-owned subsidiary of AMNEX ("Crescent" and collectively with AMNEX and
ANEI, the "Makers"), for value received, hereby jointly and severally promise to
pay to the order of FRANCESCO GALESI, an individual (the "Holder"), within
fifteen (15) days following the date of receipt of demand for payment (the "Due
Date"), at the offices of the Holder indicated in paragraph 5 hereof the
aggregate principal sum of ONE MILLION($1,000,000) DOLLARS in such coin or
currency of the United States of America as at the time of payment shall be
legal tender for the payment of public and private debts and to pay interest on
such principal sum at the rate of ten percent (10%) per annum from the date
hereof. Accrued interest on the unpaid principal balance of this Demand
Promissory Note ("Note") shall be payable on the first business day of each
month commencing January 2, 1998 and on the Due Date.

         1. Registered Owner. The Makers may consider and treat the person in
whose name this Note shall be registered as the absolute owner thereof for all
purposes whatsoever (whether or not this Note shall be overdue) and the Makers
shall not be affected by any notice to the contrary. The registered owner of
this Note shall have the right to transfer it by assignment and the transferee
thereof upon his registration as owner of this Note, shall become vested with
all the powers and rights of the transferor. Registration of any new owner shall
take place upon presentation of this Note to AMNEX at its offices together with
an assignment duly authenticated. In case of transfers by operation of law, the
transferee shall notify the Makers of such transfer and of his address, and
shall submit appropriate evidence regarding the transfer so that this Note may
be registered in the name of the transferee. This Note is transferable only on
the books of the Makers by the holder hereof in person or by attorney, on the
surrender hereof duly endorsed. Communications sent to any registered owner
shall be effective as against all holders or transferees of this Note not
registered at the time of sending the communication.

         2. Redemption. The Holder, by its acceptance of this Note, hereby
acknowledges that, at any time, and from time to time, notwithstanding the lack
of demand for payment on the part of the Holder, any of the Makers may, at its
option, by written notice given to the Holder, elect to redeem and prepay all or
any portion of the outstanding principal indebtedness evidenced by this Note,
together with accrued interest thereon, without premium or penalty. Any such
notice of a Maker's election to redeem and prepay as provided for hereinabove
shall be given not less than five (5) days prior to the date fixed in such

notice as the date for the redemption of this Note (the "Redemption Date").



Demand Promissory Note-November 26, 1997                           Page 1 of 4


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         Notwithstanding anything to the contrary contained herein, and
notwithstanding any demand or lack thereof on the part of the Holder, the Makers
agree to pay to the Holder in reduction of the principal balance of this Note,
immediately after the receipt thereof, the net amount of any loan or financing,
whether debt or equity, received by any Maker after the date hereof from any
source whatsoever, it being the understanding of the parties that the foregoing
covenant is an essential inducement to the Holder agreeing to make the loan
evidenced hereby.

         3. Default Rate of Interest: Late Charge. In the event the Makers shall
fail to pay all or any portion of the principal amount hereof on or before the
Due Date, any such unpaid amount shall bear interest, for each day from the Due
Date until paid in full, at the rate of fifteen percent (15%) per annum, instead
of ten percent (10%) per annum as hereinabove provided, payable upon demand. In
the event the Makers shall fail to pay timely any other amount due hereunder,
the Makers, jointly and severally, agree to make a payment, in addition to all
other required payments hereunder, equal to two percent (2%) of the overdue
payment.

         4. Applicable Law. This Note is issued under and shall for all purposes
be governed by and construed in accordance with the laws of the State of New
York, excluding choice of law rules thereof.

         5. Notices. Any and all notices or other communications or deliveries
required or permitted to be given or made pursuant to any of the provisions of
this Note shall be in writing and shall be deemed to have been duly given or
made for all purposes when hand delivered or sent by certified or registered
mail, return receipt requested and postage prepaid, overnight mail or courier,
or telecopier as follows:

         If to Holder at:

         Building 6
         East Road
         Rotterdam Industrial Park
         Schenectady, New York 12306
         Attention: David M. Buicko
         Telecopier Number: 518/356-5334

         With a copy to:

         Steven Porter, Esq.
         Rotterdam Industrial Park
         Westcott Road
         Building 6

         Schenectady, New York 12306
         Telecopier Number: 518/357-2534

         If to AMNEX at:

         101 Park Avenue
         Suite 2507

Demand Promissory Note-November 26, 1997                          Page 2 of 4


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         New York, New York 10178
         Attention:   Chairman
         Telecopier Number: 212/867-0092

         With a copy to:

         Amy S. Gross, Esq.
         American Network Exchange, Inc.
         100 West Lucerne Circle
         Suite 600
         Orlando, Florida 32801
         Telecopier Number: 407/481-2560

         If to ANEI at:

         100 West Lucerne Circle
         Suite 600
         Orlando, Florida 32801
         Attention: President
         Telecopier Number: 407/481-2560

         With a copy to:

         Amy S. Gross, Esq.
         American Network Exchange, Inc.
         100 West Lucerne Circle
         Suite 600
         Orlando, Florida 32801
         Telecopier Number: 407/481-2560

         If to Crescent at:

         6 Nevada Drive
         Building C
         Lake Success, New York 11042
         Attention:  President
         Telecopier Number: 516/326-7987

         With a copy to:

         Amy S. Gross, Esq.

         American Network Exchange, Inc.
         100 West Lucerne Circle
         Suite 600
         Orlando, Florida 32801
         Telecopier Number: 407/481-2560


Demand Promissory Note-November 26, 1997                        Page 3 of 4


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or at such other address as the Holder or any Maker may specify by notice given
to the other party in accordance with this paragraph 5.

         6. Miscellaneous. This Note constitutes the rights and obligations of
the Holder and the Makers. No provision of this Note may be modified except by
an instrument in writing signed by the party against whom the enforcement of any
modification is sought.

         Payment of interest due under this Note prior to the Due Date or
Redemption Date, as the case may be, shall be made to the registered holder of
this Note. Payment of principal and interest due hereunder on the Due Date or
Redemption Date, as the case may be, shall be made to the registered holder of
this Note in accordance with the terms hereof following presentation of this
Note upon or after such applicable date. No interest shall be due on this Note
for such period of time that may elapse between the Due Date or Redemption Date,
as the case may be, and its presentation for payment.

         No recourse shall be had for the payment of the principal of or
interest on, this Note against any officer, director or agent of any Maker,
past, present or future, all such liability of the officers, directors and
agents being waived, released and surrendered by the Holder hereof by the
acceptance of this Note.

                  IN WITNESS WHEREOF, the Makers have caused this Note to be
signed on its behalf in its corporate name, by its duly authorized officer, all
as of the day and year first above written.

                                   AMNEX, INC.

                                   By:  /s/ Cynthia I. Terrell
                                   ---------------------------------
                                   Name:    Cynthia I. Terrell
                                   Title:   Chief Financial Officer


                                   AMERICAN NETWORK EXCHANGE, INC.


                                   By:  /s/ Cynthia I. Terrell
                                   ---------------------------------
                                   Name:    Cynthia I. Terrell
                                   Title:   Chief Financial Officer



                                   CRESCENT PUBLIC COMMUNICATIONS INC.


                                   By:  /s/ Cynthia I. Terrell
                                   ---------------------------------
                                   Name:    Cynthia I. Terrell
                                   Title:   Chief Financial Officer



Demand Promissory Note-November 26, 1997                          Page 4 of 4