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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

Newport Telecommunications Firm Signs Deal

August 23, 2000

TMEX USA, a Newport Beach telecommunications company, said Tuesday that it has signed a new 12-month contract with a New Jersey company for $60 million worth of prepaid network time.

The value of the commitment from Mak-Tel is $5 million per month in prepaid network time to support the Clifton, N.J., company's debit card distribution business.

TMEX said the revenue from the contract should make it a profitable operation heading into the next six months.

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