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BestNet Communications Announces Symbol Change to BESC

    TUCSON, Ariz., Oct. 12 /PRNewswire/ -- BestNet Communications
(OTC Bulletin Board: BESC), the leading provider of Internet-enabled
international long distance services, today announced a trading symbol change
to BESC.  The company common stock was previously trading on the OTC Bulletin
Board under the symbol ITEL.
    The symbol change follows the corporate name change from Wavetech
International, Inc. to BestNet Communications Corp. announced at the company's
Annual General Meeting in September.  The name change to BestNet
Communications was initiated to better position the company as a global
provider of Internet-enabled telecommunications services and products.
    BestNet Communications offers a service called Bestnetcall.com, the first
commercial-quality Web-based long distance service designed for businesses.
Bestnetcall.com combines the toll-quality and reliability of the PSTN
(public switched telephone network), along with the control and worldwide
access of the Internet.
    The service does not require special hardware or software and provides
uniform long-distance rates between destinations worldwide.  The service
reduces the cost of calling internationally by as much as 75 per cent and
offers conference calling, real-time call detail and billing history as well
as convenience features at no additional cost.

    About BestNet Communications Corp.
    BestNet Communications is a Web-based telephony company, offering advanced
communications services and products to businesses and individuals worldwide.
The company provides customers access to its network, using international,
standards-based Internet and telephony architecture deployed through its
points of presence, located in Canada and the United States.  Bestnetcall.com
is the industry's first Internet-enabled long distance service, which combines
global Internet access and control with the Public Switched Telephone Network
(PSTN).  The BestNet Call System provides toll quality, global access, low
rates, real-time billing and call management features -- all without a
requirement for special software or hardware.  To learn more about
Bestnetcall, visit the Web site at http://www.bestnetcall.com.  For corporate
information about BestNet Communications Corp., visit http://www.bestnetcom.com.


SOURCE BestNet Communications




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