Bestnet Communications Corp · 8-K/A · For 11/24/04 · EX-99

Filed On 11/24/04 3:44pm ET   ·   SEC File 0-15482   ·   Accession Number 1108890-4-704

Amendment to Current Report   ·   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K/A       Period Ended 11-24-04                                  3      9K 
 2: EX-99       Press Release Dated 11-24-04                           2±    11K 

EX-99   ·   Press Release Dated 11-24-04

                                                                      EXHIBIT-99

 BestNet Corrected Announcement of Election of New President

GRAND RAPIDS, Michigan - November 24, 2004 - BestNet Communications Corp.       
(OTCBB: BESC) announced today the resignation of Mr. Richard Bourke as President
and the election of Mr. Stanley L. Schloz. Mr. Bourke continues as a member of  
the Board of Directors. Mr. Schloz has been a member of the Board of Directors  
since October 2003.                                                             

In announcing the change, Mr. Schloz praised Mr. Bourke's initiatives in        
reducing costs, increasing marketing activities and placing increased emphasis  
on product enhancement. In his letter of resignation, Mr. Bourke advised that he
would be spending more of his time in other business activities.                

Stanley L. Schloz retired from Motorola in 1998 after a 32-year successful      
career spanning positions in engineering through senior business management. As 
Director, Tactical Systems Operations of the Space and Systems Technology Group 
he was responsible for the strategic direction and performance of the electronic
fuse business with over $150M annual sales serving US and foreign governments   
along with prime contractors. His organization consisted of over 400 program    
management, engineering, marketing, and manufacturing associates. Recently Mr.  
Schloz has been engaged in business management consulting. He holds a BSEE from 
Iowa State University and has done Advanced Business studies at Arizona State   
University.                                                                     

Mr. Schloz also stated that "BestNet is deciding to explore entering into the   
bio-tech industry. We believe that by prudent selection of an investment        
portfolio, we can bring rich rewards to our shareholders. We realize, of course,
that bio-tech investments are risky but believe that the potential rewards will 
outweigh the risks."                                                            

Mr. Schloz added that although there had been informal discussions related to   
possible investments, no final decisions or commitments had been made.          

About BestNet Communications Corp.                                              

BestNet Communications is a global solutions provider of long distance;         
conference calling, ClicktoPhone and custom application-based communication     
services. BestNet's services are accessed worldwide via the Internet, standard  
phones and wireless devices and are delivered using standard phone lines and    
equipment. This results in a cost effective high quality service for both       
businesses and consumers.                                                       

Under the brand name Bestnetcall(TM) (WWW.BESTNETCALL.COM) the patented services
offer subscribers premium quality calls and conference calling, at significantly
lower rates. Calls and conference calls can also be launched via a desktop      
application or handheld devices including Palm(TM), Pocket PC(R) and            
Blackberry(TM) and used with any standard or wireless phone. In addition the    
company's new ClicktoPhone(TM) service (www.ClicktoPhone.com) enables clients to
add secure and anonymous voice communication connectivity anywhere in the world 
to web sites, web banners, pictures, electronic documents, and customized e-mail
calling buttons.                                                                

This release contains forward-looking statements within the meaning of Section  
21E of the Securities Exchange Act of 1934, as amended, which are intended to be
covered by the "safe harbor" created thereby. These statements include the plans
and objectives of management for future operations, including plans and         
objectives. The forward-looking statements herein are based on current          
expectations that involve judgments with respect to, among other things, future 
economic, competitive and market conditions and future business decisions, all  
of which are difficult or impossible to predict accurately and many of which are
beyond control of the company. Although the company believes that the           
assumptions underlying the forward-looking statements are reasonable, any one of
the assumptions could be inaccurate and, therefore, can be no assurance that the
forward-lookingstatements included in this release will prove to be accurate.   

Dates Referenced Herein   and   Documents Incorporated By Reference

This 8-K/A Filing		Date		Other Filings
Filed On / Filed As Of / For The Period Ended		11/24/04		NT 10-K
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