TUCSON, Ariz., Aug. 17 /PRNewswire/ -- Wavetech International, Inc.
(OTC Bulletin Board: ITEL) announced today that it has retained Ernst & Young,
LLP, a big five accounting firm, as its independent auditor.  Ernst & Young
replaced Addison, Roberts & Ludwig, P.C, a smaller local accounting firm.
    "We felt we needed the services of a big five accounting firm in keeping
with our business plan to grow Wavetech into a provider of leading-edge
technology and services for communications worldwide," said Gerald Quinn,
Wavetech's President & CEO.  "Ernst & Young's knowledge of accounting
practices around the globe and their impeccable reputation made them the ideal
choice as auditor for Wavetech.  We are delighted that Ernst & Young has
agreed to become our auditor."
    Wavetech International, Inc., founded in 1993, is a facilities-based
communications company.  Wavetech is one of the first companies to focus
exclusively on IP (Internet Protocol) based long distance services.
    This press release contains certain forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995.  This information may involve risks and uncertainties that
could cause actual results to differ materially from such forward-looking
statements.  Factors that would cause or contribute to such differences
include, but are not limited to, those factors detailed by Wavetech in its
filings with the Securities and Exchange Commission.

    CONTACT:  Bill Roberts of CTC Inc., 937-434-2700, for Wavetech
              International, Inc.

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