HOTELtelecom reports a huge increase in web based sales

Teledex hotel telephones and Scitec hotel phones drive increase of over 120% in HOTELtelecom web based sales in the third quarter of 2002.

HOTELtelecom continues to gain market share with hotels around the world. The company's expertise and fantastic service record as a leading supplier of wholesale hospitality telecom equipment and hotel telephones.

Web based sales skyrocketed in the third quarter of 2002 at www.HOTELtele.com. Sales increased over 120% in the third quarter after a record breaking second quarter.

HOTELtelecom experienced a dramatic increase in sales of Teledex hotel telephones, Scitec hotel phones, corded and wireless headsets, and wholesale pbx phone systems and voicemail.

HOTELtelecom's parent company, Telephone Magic Inc., also experienced large web sales increases of Meridian Norstar telephones, Norstar business series terminals (BST), Norstar phone systems, Norstar voice mail, and Norstar parts and accessories. This was followed closely by both corded and wireless Plantronics telephone headsets, cordless phones, long range wireless phones, and wholesale phone systems from Nortel, Panasonic, NEC and Avaya.

While the vast majority of telecom companies worldwide continue to experience dramatic cutbacks and lagging sales, HOTELtelecom's formula of providing superior personal service to web based inquiries has proven to be a winning strategy.

4th quarter sales are projected to grow an additional 80%, with further substantial increases expected in 2003, as the market share and reputation of the company grows as a world class leader in the supply of hospitality telecom equipment.