Just checked the Hot Copper search and guess what , page-4

Hi mode and TG.
here are the announcements again.

FLOWCOM LIMITED 2002-09-18 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
Following announcements in August by FlowCom in relation to
discussions taking place regarding debt restructure, negotiations have
been continuing with a number of parties. FlowCom today announced the
signing of a three-way letter of intent with its secured
lender, Alcatel, and a new strategic investor to restructure its
debt. This letter of intent is subject to due diligence, any necessary
third party approvals and approval at a General Meeting (GM) by
FlowCom shareholders.

Under this three-way letter of intent, a new strategic investor in
FlowCom, Delgrave Enterprises Pty Limited, will acquire over 80% of
the current $14.3m secured FlowCom debt to Alcatel. The secured
Alcatel debt remaining in FlowCom following completion of these
arrangements would be repayable over four years.

Delgrave and FlowCom have separately signed a heads of agreement
covering arrangements whereby Delgrave would provide funding and
other resources to FlowCom, and convert most of their secured debt to
equity in FlowCom. These arrangements too are subject to due
diligence, any necessary third party approvals and approval at a
General Meeting (GM)by FlowCom shareholders.

Successful achievement of the above outcomes will result in the
removal of most of the group's debt, the provision of additional
working capital to FlowCom, as well as the appointment of new
executive management to strengthen FlowCom's sales, marketing and
business development performance.

Under the heads of agreement it is proposed that Delgrave will provide
FlowCom with $1m for its working capital requirements and, subject to
the FlowCom GM, Delgrave will swap secured debt for new shares
representing approximately 45% of FlowCom.

The heads of agreement between FlowCom andDelgrave also allow for
further working capital injections to FlowCom if appropriate to
pursue the Company's current plans.

The funding and other resourcing arrangements with Delgrave if
completed will enable FlowCom to pursue more aggressively its current
plans for its high speed data access DSL business services and
continue to develop additional distribution channels to meet the
growth opportunity in this area.

Documentation for the proposed GM is currently being prepared and an
announcement on the timing of the meeting to consider the offer will
be made shortly. It is expected that the GM will take place as soon as
practicable in late October. As part of the finalisation of the
restructure documentation the parties have now entered into a 10 day
due diligence period.

ABOUT DELGRAVE

Delgrave Enterprises Pty Limited is a private company formed for the
purpose of making an investment in FlowCom.

For Further Information Contact

Ed Goodwin FINANCE DIRECTOR
FlowCom Limited
Phone (02)9263 5000
Fax.(02)9264 9868
www.flow.com.au


FLOWCOM LIMITED 2002-09-18 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
FLOW Communications the wholly owned subsidiary of FlowCom Limited
(ASX Listed FLO), announced today an agreement with Harris
Technology, a member of the Coles Myer Ltd group, to sell the FLOW
Broadband ADSL suite throughout its retail outlets and online store.

"Harris has a strong presence right through from the individual user
through to the major corporate. In choosing FLOW as their provider
they have recognised that FLOW has both a range of competitive plans
for all of theses types of user and the best setup to fit the Harris
retail model" explained Glen Young, FLOW Communications' National
Channel Manager.

"Using D-Link's leading edge DSL modems, FLOW will deliver Harris
Technology customers a robust and reliable broadband ADSL service.
The unique nature of the FLOW delivered service, means no messy
pre-configuration of modems is required and the install process has
been simplified to the point that, once the phone line has been
provisioned all the customer has to do is plug in the modem and
follow the simple self install instructions and start seeing the
benefits of high speed Internet," continued Young.


FLOW Broadband is available now through all Harris outlets and online
a www.ht.com.au.


For further information contact:

Craig BurkillMarketing & Public Relations Manager
FLOW Communications
[email protected]
Phone dir. (02) 9263 5020
Fax.(02) 9264 9868