AGREEMENT ---------Credit Agreement • February 27th, 2002 • Davel Communications Inc • Communications services, nec • New York
AmongExchange Agreement • February 27th, 2002 • Davel Communications Inc • Communications services, nec • New York
ARTICLE IVoting Agreement • February 27th, 2002 • Davel Communications Inc • Communications services, nec • Delaware
ARTICLE IVoting Agreement • February 27th, 2002 • Davel Communications Inc • Communications services, nec • Ohio
datedAgreement and Plan of Reorganization and Merger • February 27th, 2002 • Davel Communications Inc • Communications services, nec • Ohio
amongCredit Agreement • February 27th, 2002 • Davel Communications Inc • Communications services, nec • New York
made bySecurity Agreement • February 27th, 2002 • Davel Communications Inc • Communications services, nec • New York
EXHIBIT 99.1 FOR IMMEDIATE RELEASE --------------------- DAVEL COMMUNICATIONS, INC. AND PHONETEL TECHNOLOGIES, INC. SIGN DEFINITIVE MERGER AGREEMENT Companies Execute Amendments to Their Credit Facilities...Merger Agreement • February 27th, 2002 • Davel Communications Inc • Communications services, nec
TAMPA, Florida & CLEVELAND, Ohio - February 21, 2002 - Davel Communications, Inc. (OTCBB: DAVL.OB), and PhoneTel Technologies, Inc. (OTCBB: PHTE.OB), the nation's two leading publicly traded independent payphone service providers with a combined installed base of approximately 84,000 payphones, today announced that they have signed a definitive agreement to merge. In the merger, PhoneTel will become a wholly owned subsidiary of Davel. The merger agreement was unanimously approved by the Boards of Directors of both companies and is subject to the approval of the shareholders of both companies.
