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V BAND CLAIMS VICTORY IN MERCURY DISPUTE

Elmsford, New Yorkbased V Band Corp reports that a claim against its UK distributor, Mercury Communications Ltd’s Mercury Dealing Systems formerly a unit of Telephone Rentals Plc, the company acquired by Mercury’s parent Cable & Wireless Plc, has been settled in V Band’s favour: Mercury has agreed to pay V Band $2m is respect to contractual commitments not met by the UK company; Mercury served as V Band’s exclusive UK distributor from October 1987 until January 1 this year and is now a non-exclusive distributor now that V Band has re-established a UK direct sales operation.

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