Capsule Communications Inc De Watch

from 10-Q 1 page Amendment No. 1 to Investment Agmt.

from 10-Q 1 page Material contract

from 10-Q 1 page Material contract

from 10-K 1 page <page> Independent Auditors' Consent We Consent to the Incorporation by Reference in Post-Effective Amendments' No. 1 to Registration Statements Numbers 333-42205 and 333-56727 of Capsule Communications, Inc. (Formerly US Wats, Inc.) on Form S-8 of Our Report Dated March 30, 2001 (Which Report Expresses an Unqualified Opinion and Includes an Explanatory Paragraph Relating to the Company's Ability to Continue as a Going Concern), Appearing in the Annual Report on Form 10-K of Capsule Communications, Inc. for the Year Ended December 31, 2000. Deloitte & Touche Llp Philadelphia, Pennsylvania April 12, 2001

from 10-K ~5 pages Stock Option Agreement - John Colarossi - 05/01/00

from 10-K ~5 pages Stock Option Agreement - Mike McAnulty - 05/01/00

from 10-K ~5 pages Stock Option Agreement - Dave Hurwitz - 05/01/00

from 10-K 1 page Investment Agreement

from 10-K 1 page Amendment No. 1 to the Investment Agreement

from 10-K 1 page Investment Agreement

from 10-K ~5 pages Agreement of Lease for 180 Grand Ave, Oakland, Ca

from 10-K ~20 pages Agreement of Lease for 401 N. Broad Street

from 10-K ~50 pages Agreement of Lease for 3331 Street Road Parkway

from 10-K ~5 pages Amendment and Assumption Agreement

from 8-K ~5 pages Stock Purchase Agreement

from 8-K 1 page Amendment No. 1 to Investment Agreement

from 8-K 1 page Investment Agreement Dated May 19, 2000