June 30 1997 presentation of:

Intelect Communications Systems Ltd.

A Diversified Company

Presenter

Peter Ianace, President and Chief Executive Officer, Intelect Network Technologies

Moderator

Jack Kearney, Managing Director, Rauscher Pierce Refsnes, Inc.

Panelists

D. Blair Baker, Portfolio Manager, John McStay Investment Partners

Bill Hunt, President and Chief Executive Officer, Intellicall, Inc.

Don Jones, Vice President, Cap Gemini America

J.P. Mark, Research Analyst, Rauscher Pierce Refsnes, Inc.

Corporate Profile

Intelect Communications Systems Ltd. Is an international provider of multimedia products and systems for networking and telecommunications applications. The company's products, through its subsidiaries, address niche markets in the communications industry. Intelect subsidiaries include Intelect Network Technologies and DNA Enterprises in Richardson, Texas; Intelect Visual Communications (IVC) in New York; and Intelect Network Systems in London, England.

Intelect Network Technologies specializes in the design and production of communication equipment for customers that require fail-safe networks. The company has installations around the world supporting applications such as AMTRAK Rail Transportation Command and Control and USAF missile launch sites. Intelect's newest product is the CS4 intelligent programmable switching platform for commercial markets. The CS4 allows telecommunication service providers to offer a full range of customer options for both wireline and wireless infrastructures.

Started in 1992, IVC designs manufactures and markets videoconferencing systems for PC desktop, rollabout and boardroom applications. The company uses adoption of Motion-JPEG video compression technology to offer a high-quality picture at a lower price than MPEG, a competing video compression technology.

Intelect's research and development wing, DNA Enterprises, Inc., is a 15-year-old design and engineering firm that designs and develops software, hardware and systems for telecommunications companies around the nation. DNA Enterprises specializes in hardware engineering and software design for advanced projects and systems for telecommunications companies. DNA's expertise is key to the development of the CS4.