Press Releases
SOURCE: DH Capital, LLC

ONESTAR RETAINS DH CAPITAL AS FINANCIAL ADVISOR

NEW YORK, NY - March 22, 2004 - OneStar Long Distance, Inc. (the "Company") announced that The United States Bankruptcy Court for the Southern District of Indiana has approved its request for the retention of DH Capital, LLC as its exclusive financial advisor. In its capacity as exclusive financial advisor to the Company, DH Capital will entertain any and all expressions of interest on the part of potential strategic and financial buyers regarding the sale of its business or assets and/or assumption of indebtedness or liabilities.

Court appointed independent examiner James Knauer commented, "We are confident that DH Capital will play an important role in moving OneStar forward to a favorable conclusion of the bankruptcy process."

Any parties interested in a transaction concerning OneStar are encouraged to contact Peter Hopper at DH Capital directly by calling 212-698-7991 or via email at phopper@dhcapitalllc.com.

About DH Capital, LLC
DH Capital is a private investment banking partnership serving the media, Internet and telecommunications industries. The firm capitalizes on more than seventy years of combined experience in financing, acquiring, selling and operating companies. DH Capital specializes in providing a full range of advisory services to companies and financial institutions including private placements, mergers & acquisitions, financial restructuring, and operational consulting. The principals of DH Capital have led hundreds of transactions including M&A totaling in excess of $10 billion, private equity placements totaling more than $700 million, and debt placements totaling in excess of $7 billion.

For additional information on DH Capital, please contact us at 212-698-7990.