Article: Financial Intranet Announces Formation of Financial Telecom, a Wholly Owned Subsidiary.

ARDSLEY, N.Y.--(BUSINESS WIRE)--May 5, 1998--Financial Intranet Inc. (OTCBB:FNTN), a New York based network developer of Intranet, Internet and specialized communications services, announced today it has formed a wholly-owned subsidiary, Financial Telecom Inc. to meet the needs and growing demand for enhanced communications services now required by the Financial Services Industry.

The primary purpose of this new division will be to focus its sales and marketing efforts in a new and dynamically growing market sector. This will enable strategic ventures to be signed with other resellers of Telephony product giving them unique access to a greatly expanded ...

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