Important Notice

A 4835 - October 1, 1998
P&S 4399

TO: ALL PARTICIPANTS

ATTENTION:  MANAGING PARTNER/OFFICER, CASHIER MANAGER, P&S DEPARTMENT

SUBJECT: Galacticomm Technologies Inc.; Cusip -362917106 Symbol -GALA
Galacticomm Technologies Warrants; Cusip 362917114 Symbol -GALAW


Referencing NASD notice UPC# 069-98 dated September 30, 1998 regarding the above mentioned securities.

As a result of this offering being terminated The National Association of Security Dealers Inc. had determined that all trades executed in the above mentioned security should be CANCELLED.

Accordingly, all trades settling via the Continuous Net Settlement (CNS) System for settlement dates September 24, 1998 through October 5, 1998 will be journaled via Code 71, Trade Adjustment and will appear on your CNS Miscellaneous Activity Report on Monday, October 5, 1998.

Questions regarding this notice should be addressed to Louis Recco (SIAC) at (212) 383-2889 or NSCC Participant Services at (212) 412-8662.

Bernard M. Sweeney
Director, Production Services