ETMA Eurotelecom 'a'

RNS Number:9012R
EuroTelecom Communications Inc
3 October 2000

                               
               EuroTelecom Communications, Inc.
                               
       FILES AMENDMENT TO FORM 10SB WITH THE SECURITIES
                    AND EXCHANGE COMMISSION

EuroTelecom Communications, Inc, http://www.eurotelecom.co.uk,
(Trading  SymbolEUTC;  Class  A Common  Stock  quoted  on  the
Alternative Investment Market of the London Stock Exchange  as
ETMa) is pleased to announce that it filed an amendment to its
registration  statement  on  Form 10SB  (10SB12G/A)  with  the
Securities  and Exchange Commission ('SEC') on  September  26,
2000.

Under rules relating to quotation on the OTC Bulletin Board (a
quotation  system  operated  by the  National  Association  of
Securities  Dealers, Inc. in the U.S.), the  Company's  Common
Stock  will not be eligible for quotation on the OTC  Bulletin
Board until such time as the SEC accepts the Company's Form 10
SB  as  providing all of the information regarding the Company
required,  in the opinion of the SEC, to be reported  on  such
form. Such approval has not yet been obtained.   Although  the
Company  believes that the filing is in full  compliance  with
SEC requirements, there can be no assurance that following the
filing  of the latest amendment to the Company's Form 10SB  it
will in fact be accepted by the SEC.  The Company's shares  of
Common  Stock  currently trade on the  Pink  Sheets,  a  paper
quotation  system of the National Quotation Bureau, LLC  which
reports  trades  in  the  U.S.  'over-the-counter'  securities
market.

Under  SEC  rules, for a security to be eligible for quotation
on  the  OTC Bulletin Board, the issuer of such security  must
file  quarterly  and annual reports with  the  SEC  under  the
Securities Exchange Act of 1934 ('Exchange Act'). The  process
of  becoming  an SEC reporting company under the Exchange  Act
involves  the filing with the SEC of a registration  statement
(known  as  a  Form 10SB) containing comprehensive  disclosure
regarding  the  company,  registering one or more  classes  of
such company's securities with the SEC.  The Company filed its
original Form 10-SB and this Form became effective on December
15, 1999, which event caused the Company to become a reporting
company under the Exchange Act.

Since the Company's shares of Class A Common Stock (which  are
listed  on  the  Alternative Investment Market of  the  London
Stock  Exchange  and must not be resold to U.S.  persons)  are
restricted  securities  and  are  not  registered  under   the
Exchange  Act, if the OTC Bulletin Board quotation is obtained
it  will only be intended to facilitate bargains made  in  the
Company's  shares of Common Stock and not shares  of  Class  A
Common Stock.

The  OTC  Bulletin  Board is a regulated electronic  quotation
display enabling subscribing members to reflect market  making
interests  in  OTC  Bulletin Board eligible  securities.  Such
securities  are  not  listed  or  traded  on  Nasdaq  or   any
registered national securities exchange.

This  press release contains forward-looking statements.  Such
statements  are based on the current expectations and  beliefs
of  the management of EuroTelecom Communications, Inc. and are
subject  to  a number of factors and uncertainties that  could
cause actual results to differ materially from those described
in the forward-looking statements.


For further information, please contact :

EuroTelecom               Phil Derry, Chief Executive
www.eurotelecom.co.uk     Graham Ford, Chief Operations Officer
UK Telephone  01709 874600

Buchanan  Communications  Steve  Liebmann  / Siobhan  Young            
www.buchanan.uk.com
UK Telephone  020 7466 5000

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