Newsgroup: it.economia.borsa.estero
Titolo: ----------NEWS. TELEMONDE .NEWS--------------

May 11, 2000
(TLMD) Telemonde, Inc. Reports First Quarter Revenues Up 277%
- Sales rose in the current quarter to $18.3 million compared to $4.8
million in the first quarter of 1999
- Operating profit of $1.2 million recorded in the current quarter
compared to an operating loss of $0.6 million for the same period last
year
- Earnings per share of $0.01 reported in the current quarter versus a
loss per share of $0.01 for the same period in 1999
NEW YORK -- Telemonde, Inc. (NQBEQS: TLMD) today reported financial
results for the first quarter ended March 31, 2000.  Revenues were
$18.3 million, compared to $4.8 million for the same period in 1999.
The Company reported net income of $0.8 million or $0.01 per share
(diluted) for the quarter ended March 31, 2000, compared to a net loss
of $0.4 million or $(0.01) per share for the same period in 1999.
Commenting on the results, President and CEO Adam Bishop said, "The
majority of the Company's revenues for the first quarter (as for the
same period last year) come from the sale of Internet transport and
the sale and management of trans-Atlantic bandwidth capacity.  Price
stabilization of the latter has enabled the Company to capitalize on
the current quarter's rising demand for capacity and--thanks to the
continued strong support of our suppliers--to secure and deliver a
number of new customer orders during the first quarter of 2000.  This
is a welcome reversal of a trend seen throughout the industry during
the last three quarters of 1999, when customers were reluctant to
purchase capacity while prices were falling steeply."
Paul Donofrio, Executive Vice President and Chief Financial Officer,
added, "We are very encouraged by the significant increase in sales
that the Company has achieved this quarter as compared to the same
quarter last year.  While this revenue increase clearly represents a
good beginning, there is still much work to be done; in particular
there remains a need to secure adequate working capital to fuel
Telemonde's continued strong growth.  We look forward to the
contributions that our EquiTel and 
telemonde.net
 subsidiaries are
expected to make during the second half of 2000."
Highlights of the quarter include: 
Month      Event
January   Telemonde closes network services and voice traffic
contracts
          with Spain's Jazztel worth in excess of $16 million
          (NASDAQ: JAZZ)
March     Telemonde signs $3 million network services contract with
Raichem
          Rodger's 
IP.COM
 Group
           Telemonde Inc. announces appointment of Paul Donofrio as
Chief
           Financial Officer
Telemonde Inc. is a global communications company developing and
operating high value international voice, data and Internet services
through its network of IP, voice and data infrastructure.  Telemonde's
operating subsidiaries include EquiTel Communications Ltd., which
provides telecommunications route management and intelligent network
services to emerging markets, and 
telemonde.net
 SA, which develops and
sells telecommunications and Internet services to Internet and
multimedia service providers.
Certain statements in this news release may constitute
"forward-looking" statements within the meaning of section 21E of the
Securities Exchange Act of 1934.  Such forward-looking statements
involve risks, uncertainties, and other factors, which may cause the
actual results, performance, or achievement expressed or implied by
such forward-looking statements to differ.  The Company'' Form 10-K
for the fiscal year ended December 31, 1999 details many of the risks
and uncertainties associated with these forward-looking statements.
Financial tables follow.
 
TELEMONDE, INC.
CONSOLIDATED STATEMENTS OF INCOME
(U.S. Dollars expressed in thousands, except per share data)
(unaudited)
                                            For the Three Months Ended
                                           March 31, 2000    March 31,
1999
Sales                                      $      18,297     $
4,847
Cost of goods sold                                13,222
3,397
     Gross profit                                  5,075
1,450
Operating expenses:
     Selling, general and administrative           2,611
1,294
     Research and development                        503
34
     Amortization of goodwill                        790
0
     Reserve for doubtful accounts                     0
700
     Operating expenses                            3,904
2,028
     Operating profit (loss)                       1,171
(578)
     Other income (expense)                         (414)
157
     Net income (loss)                               757
(421)
     Net income (loss) per share -
        basic and fully diluted            $        0.01     $
(0.01)
TELEMONDE, INC.
CONSOLIDATED BALANCE SHEETS
(U.S. Dollars expressed in thousands)
                                          For the Three Months Ended
                                        March 31, 2000  Dec. 31, 1999
                                           (unaudited)      (audited)
Cash and cash equivalents                      $       1,442   $
62
Accounts receivable, net                              17,885
4,852
Inventories                                           14,865
21,465
Prepaid expenses                                       1,421
1,605
     Total current assets                             35,613
27,984
Property, Plant and Equipment, net                    38,455
39,462
Intangible and other long term assets                 32,362
31,127
     Total assets                              $     106,430   $
98,573
Accounts payable                               $      88,367   $
85,528
Short term notes                                      10,064
9,141
Accrued expenses and other current liabilities         8,609
8,378
     Total current liabilities                       107,040
103,047
Stockholders' deficit                                   (610)
(4,474)
     Total liabilities and stockholders' equity    $    106,430  $
98,573
###
-30-
Contact:  Telemonde, Inc.
          by
          Investor Communications Co.
 
800/419-5211
 and 
800/419-5311
 
http://www.iccinfo.com
          or
          StockIR at
 
http://www.stockir.com

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