EXHIBIT 99.1
INCOMNET

FOR IMMEDIATE RELEASE
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For more information, contact:
   George Blanco
   Incomnet, Inc.
   (949) 224-7575

                  INCOMNET, INC. ANNOUNCES EVENTS IMPORTANT TO
                            ITS COMMON SHAREHOLDERS

IRVINE, Calif.--(BUSINESS WIRE)--January 3, 2000
Incomnet, Inc. (ICNTE), the parent company of Incomnet Communications
Corporation, an Orange County based sales and marketing company providing
innovative cost-saving communications and internet related services, today
announced events important to its common shareholders. As previously announced,
on September 2, 1999, Incomnet, Inc. and its wholly owned subsidiary Incomnet
Communications Corporation each filed for voluntary petitions for protection
under Chapter 11 of the Federal Bankruptcy Code in the United States Bankruptcy
Court for the Central District of California, Santa Ana Division.


DE-LISTING OF INCOMNET, INC.'S COMMON STOCK FROM THE NASDAQ
On September 3, 1999, Incomnet, Inc.'s shares of common stock, which traded
under the symbol ICNTE, were de-listed from the Nasdaq SmallCap Market. This
action was taken as a result of Incomnet, Inc.'s failure to meet the net
tangible assets and filing requirements as stated in marketplace Rules
4310(c)(02) and 4310(c)(14). Management does not anticipate that Incomnet,
Inc.'s shares of common stock will be re-listed.


COMMON STOCKHOLDERS OF INCOMNET
As a result of Incomnet, Inc.'s Chapter 11 reorganization proceedings,
management anticipates that shareholders of Incomnet, Inc. (ICNTE) will receive
no value for Incomnet, Inc. common shares. Management also believes that members
of the class action lawsuit will receive nothing from their previous settlement
agreement. Although a final determination has not yet been made, it is
management's opinion that after all secured and unsecured creditors have settled
with Incomnet, Inc. in accordance with the Chapter 11 proceedings, no residual
value will be left for Incomnet, Inc. shareholders or class action members.


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CERTAIN FINANCIAL RESULTS (UNAUDITED)
Incomnet, Inc. had net sales of $7.9 million (unaudited) and $7.7 million
(unaudited) for the second and third quarters ended June 30, 1999 and September
30, 1999, respectively. The decrease in revenues is primarily due to a decline
in ICC subscribers and long distance rates charged to customers in the highly
competitive telecommunications market. Through September, 1999, Incomnet, Inc.
continued incurring significant net losses (unaudited).

          NOTICE REGARDING FORWARD-LOOKING STATEMENTS IN PRESS RELEASE

This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. The company intends that such forward-looking
statements be subject to the safe harbors created by such statutes. The
forward-looking statements included herein are based on current expectations
that involve a number of risks and uncertainties. Accordingly, to the extent
that this press release contains forward-looking statements regarding the
financial condition, operating results, business prospects or any other aspect
of the company and its subsidiaries, please be advised that the company and its
subsidiaries' actual financial condition, operating results and business
performance may differ materially from that projected or estimated by the
company in forward-looking statements. The differences may be caused by a
variety of factors, including but not limited to adverse economic conditions,
intense competition, including intensification of price competition and entry of
new competitors and products, adverse federal, state and local government and
agency regulation, inadequate capital, unexpected costs and operating deficits,
increases in general and administrative costs, lower sales and revenues than
forecast, loss of customers, loss of suppliers, technical problems with the
company's operations, failure to obtain new customers, litigation and
administrative proceedings involving the company, the possible acquisition of
new businesses that result in operating losses or that do not perform as
anticipated, resulting in unanticipated losses, inability of the company to
continue as a going concern, adverse publicity and news coverage, inability to
carry out marketing and sales plans, loss of key executives, loss of independent
sales representatives and other specific risks that may be alluded to in this
press release or in other reports issued by the company. The inclusion of
forward-looking statements in this press release should not be regarded as a
representation by the company or any other person that the objectives or plans
of the company will be achieved.

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