Float (Est.):1,500,000

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QUOTE |  PRESS RELEASE | SEC FILINGS

REVENUE

Today reported an increase of 18.2% in revenue or $2,947,878, for the first quarter 2002, as compared to $2,493,188 Q1, 2001. The Per-share earnings for Q1 2002 remained inline with Q1 2001 at a loss of one cent per share.

The market in China is the world's fastest growing telecommunication market. With an office in Cerritos, CA. and an affiliate in Boston, MA.  ETLK is a leading telecommunications company with corporate owned international gateway digital switching facilities in China, Hong Kong, U.S., Taiwan and Singapore. These facilities have the capability of PRI, C7, SS7 and other signaling commonly used by major international carriers. This allows ETLK to operate international telecommunications services on both sides of the Pacific to over 220 foreign destinations.

RECENT ACQUISITIONS

GridTel.Net has points of presence (POPs) assets in Kathmandu, 2 sites in Bangladesh, Indonesia, Mongolia, Bangkok, Mumbai, Dehli, Manila, and Cambodia. The company has strong relationships with local ISPs and international carriers in the Indo-China and South Asia regions, and provides direct routes to Nepal, India, Bangladesh, Indonesia, Singapore, Cambodia, Laos, Pakistan and the Philippines. GridTel.Net records over 10 million calling minutes per month and is a holder of an External Telecommunications Services (ETS) license in Hong Kong. GridTel's projected annual revenues for 2002 are US$24 million, with approximate annual gross profit of US$1.44 million.

TOTAL TELCOM PRESENCES

They enable telecommunications carriers and other service providers the ability to offer long distance voice, data, fax, and VOIP services to their end-customers, through an advanced and scaleable network. ETLK has points of presence (POP) in locations where most major international carriers are located (New York City, Boston and Los Angeles ), which enables the Company to have easy access to its customers, as well as the most competitive international termination rates in the world. The Company's operations employ advanced systems including call collection and call data storage linking to a proprietary reporting system which permitting management to determine the profitability margins by destination country, by customer, as well as for overall daily operations.

INVESTMENT HIGHLIGHTS

• The Gartner Group estimates the global telecommunications market is projected to reach approximately US$1.9 trillion by 2003.

• Globally, Voice over IP (VOIP) traffic was responsible for a record-setting 7.7 billion minutes in 2000, and the market is still in its early stages. It is expected to grow dramatically, to 500 billion minutes by 2005.

• ETLK also has expanding networks and agreements with AT&T, MCI Worldcom Inc., Global Crossing, New World Telephone, Wharf New T&T, Worldcom Asia Pacific, Great Wall Broadband.

• ETLK's 2002 revenue porjections is USD $20 million.

• ETLK has agreements with their major carriers and opening new routes, Indonesia, Vietnam and Cuba. This will add to their revenue with less cost.

• ETLK?s market cap is currently less than their sales revenue.

CONTACT YOUR BROKER NOW!

ETLK has shown excellent business execution despite the tough economy and has maintained a significant cost advantage over the competition and been achieving its objectives in a consistent and superlative fashion resulting in more than an 18% growth in 1^st quarter 2001. Call your Broker Now!

Disclaimer

Madison, Wall & LaSalle (MW&L) is an independent electronic publisher of information on selected public companies. In consideration of its electronic dissemination of the information contained in this notice. MW&L has received A) 100,000 shares of ETLK common stock restricted, Rule 144, and B) Cash Payment of $20,000. MW&L did not receive any other compensation, of any kind, for its services other than stated herein. MW&L is not a registered investment advisor or a broker dealer. MW&L has been advised that the investments in companies profiled are considered to be high risk and use of the information provided is for reading purposes only if anyone decides to act as an investor they are advised not to invest without the proper advisement from an attorney or a registered financial broker. If any party decides to participate as an investor then it will be at the investor's sole risk. All information provided by the profiled companies may include information provided by outside sources, such as research reports, public filings or computer databases and information provided to MW&L by management of the profiled company. All information is provided by the companies profiled and MW&L makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. Investors should not rely solely on the information presented. Rather, investors should use the information provided by the profiled companies as a starting point for doing additional independent research on the profiled companies in order to allow the investor to form his or her own opinion regarding investing. Factual statements made by the profiled companies are made as of the date 5/10/2002 and are subject to change without notice. The receipt of this information shall not create, under any circumstances, any implication that there has been no change in the affairs of the company profiled since the date of review. Investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. MW&L makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through MW&L. Certain of the statements contained in the information may be forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. These statements may be identified by such terms as ``expect,'' ``believe,'' ``may,'' ``will,'' and ``intend'' or similar terms. MW&L or its affiliates may have a position in the securities mentioned herein and may make purchases, transfers or sales thereof.