FOR IMMEDIATE RELEASE

Global Converging Technologies, Inc.
4514 Travis Street, Suite 326
Dallas, TX 75205

Global Converging Technologies and InteliHome Announce Merger

Dallas, TX. - (April 27, 1998) Global Converging Technologies Inc. of Bedford and InteliHome Inc. of Dallas announced that the firms have completed a merger of the two companies. Global Converging Technologies, Inc. will be the name retained for the new company.

In December, the two companies formed a strategic alliance to begin working on the integration of GCT's 900 MHz Digital Spread Spectrum Wireless PBX network communication system with InteliHome's Residential Gateway Manager (RGM) home and office control software.

According to Greg Jones, president and CEO of the new company, " It was just a great fit. The two teams worked well together on a day-to-day basis for several months and we found that our visions for the future of in-home communication systems and home control are completely in synch. InteliHome's gateway software (RGM) and their strong engineering group form the nucleus of our product development team. We are currently adding additional engineers and we are on track with our product development schedule."

GCT's initial product offering will be a Wireless PBX for the home which will support up to 4 incoming lines and up to 8 simultaneous voice conversations. In addition to supporting voice, this central base will support data applications by distributing the power of the PC throughout the home. Information from the PC and the Internet will be distributed to cordless handsets and cordless touch screen devices. The central base with two cordless handsets is expected to retail for less than $500. Follow-on upgrades to the initial package will include home control software to manage lighting, security, HVAC and other systems.

Michael Cogbill, former chairman of InteliHome, commented on the merger, "By hosting RGM on GCT's platform we will be able to expand the market for this software from the new construction market to the entire residential market through the wireless platform provided by GCT. As we move forward, virtually any home in America will be able to automate their homes without having to change wiring."

"We already have a great deal of interest within the telecommunications and utility industry for our wireless voice and data solution," according to Steve Hansen, Vice President and Marketing, " and manufactures of lighting, HVAC and security products are tremendously excited about the prospects of RF control. We are also pleased that InteliHome's CEO, Tom Brunner, and Chairman, Mike Cogbill, will continue to work with us on marketing and strategic alliance development."

Funding for product development will come from Venture Capital firms based in Chicago and California.

FOR MORE INFORMATION CONTACT: Stephen Hansen 214 528-6697 steveh@globalconv.com