SOURCE: US Starcom Inc.

November 15, 2007 08:00 ET

US Starcom Purchases Total Net Connex Technologies, Inc

PERTH AMBOY, NJ--(Marketwire - November 15, 2007) - US Starcom (PINKSHEETS: USTA) announced today that it has purchased the assets of Total Net Connex Technologies, Inc, a New York-based provider of wholesale voice and data services to international carriers, large commercial enterprises, and various non-profit and government agencies. Total Net Connex utilizes network access points and a network operating center at leased facilities in New York. The purchase was an all stock transaction, with US Starcom providing additional working capital for the new subsidiary at closing.

"This transaction will overlap significantly with our Mundetel Communications subsidiary," said John DiDomenico, President of US Starcom. "The state-of-the-art equipment and international termination agreements that this transaction provides will contribute to and afford US Starcom the ability to reduce our overhead costs at US Starcom's subsidiary Mundetel. It will also improve the quality of Mundetel's network and will provide redundancy to Mundetel's switching facilities, while also giving Mundetel and Total Net Connex the ability to increase revenues, without having to purchase additional equipment."

About US Starcom

US Starcom, Inc. serves the growing community of Latin Americans residing in the US, primarily with cash remittance and telecommunications products and services. The Company's Bell Latino Multiservices division owns and operates "Tiendas," small stores that provide money remittance service, telephone calling, internet access, bill payment, phone cards and other products and services. US Starcom's Mundetel subsidiary is a facilities-based telecommunications company. The division provides telephone service to some 500 Tiendas including all Bell Latino locations. The Company's La Corporacion subsidiary, formed in 2007, produces music and media that address the tastes and trends of the Latin American market.

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

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