EXHIBIT B





FOR IMMEDIATE RELEASE                                             Symbol:  TLXX
- ---------------------


                          Telynx Restructures and Names
                                New President/CEO



          (Sherman Oaks, CA April 12, 2004) The Board of Telynx is proud to
     announce that the company has undergone a major restructuring by moving its
     corporate headquarters to Sherman Oaks, California and has named Paul
     Mataras as its new President/CEO effective immediately.

          "With its new SEC filing in place and starting to build a new
     management team, Telynx is positioning itself, yet again, to become a
     significant force in the telecommunications industry and will continue to
     trade with the symbol (TLXX). However, the stock's vacillation has been
     quelled by the company's recent restructuring," assures Mataras, who
     formerly served as the corporate secretary of Telynx.


Telynx is a global leader in telecommunications infrastructure management
systems. The company supplies software and professional services for Operations
Support Systems (OSS) of telecommunications industry and for general enterprise
networks. Telynx's customers include clients in the telecommunications industry
and Fortune 100 financial institutions. Telynx trades on the Pink Sheets under
TLXX.



                  MEDIA CONTACT:  Michael Conley
                                  CONLEY COMMUNICATIONS
                                  818.389.3577