This company appears poised for a turnaround. New product, new management and trimming the fat from its balance sheets.
Company name: Elcotel, Inc
6428 Parkland Drive
Sarasota, FL. 34243
Phone: (941) 758-0359
Email: investorrelations@elcotel.com
Ticker symbol: ECTL
Exchange: NasdaqNM
Price as of 4/26/00 $2 3/16
52 wk high 3/1/00 $8
52 wk low 9/24/99 $1 3/16
Book Value as of 4/26/00 $3.46
Shares outstanding 13.5 mil
Float 8.4 mil
Sector - Technology/Telecommunications
BRIEF: Elcotel designs, develops, manufactures and markets
microprocessor based public communication products and
software which provide services over both domestic and
international wireline and wireless telephone networks.
Selected recent news stories: biz.yahoo.com
April 25, Elcotel To Demonstrate Grapevine(TM) in the Microsoft Pavilion at WinHec 2000
"In addition to providing a complete software solution, Microsoft also is advertising on the Grapevine(TM) network, running content-driven video ads during market field trials currently underway in Indiana, New Jersey, New York, Ohio and other locations."
April 19, Elcotel Unveils Desktop Version of Grapevine(TM), The First Wired Non-PC Internet Appliance
Desktop Extends Grapevine(TM) Into Consumer Markets For First Time & Opens New Indoor Markets For Public Communications
April 17, Elcotel Ships Cellular Payphones To Venezuela For Installation And Field Trial
April 13, Dan Fragen Joins Elcotel as Vice-President of Worldwide Sales and Marketing
April 6, Elcotel's Grapevine(TM) Named 'Innovative Product Of The Year' By The Association Of Directory Publishers (PRN)
March 2, Elcotel to Demonstrate Grapevine(TM)/e-Prism(TM) Network In the Microsoft Pavilion at Embedded Systems Conference (PRN)
March 1, Elcotel Announces New Developments In Its $125 Million Agreement With Canada Payphone Corporation (PRN)
AT&T Canada Makes Equity Investment in Canada Payphone To Continue Deployment of New Interactive Grapevine(TM) Network
February 23, Elcotel Introduces The SolarusCity(TM) Wireless Payphone (PRN) Designed For International and Domestic Metropolitan Areas, Eliminates High Cost of Urban Installation
February 11, Elcotel Introduces New Wireless Phone for International Markets; New TDMA/CDMA Public Phone Designed Specifically for High-Growth Central & South American Wireless Markets
January 20, Elcotel, Inc. To Provide New Grapevine(TM) Network Terminals To All Bass Hotels & Resorts Properties In Canada
Through Agreement With Canada Payphone Corporation, Elcotel to Deploy Up To 10 Interactive Terminals In Each of 230 Bass Hotels and Resorts Properties
Related news from Elcotel's Canadian distributor Canada Payphone www.canadapayphone.com/news/_news.htm
Canada Payphone Appoints New Board Members
Canada Payphone Signs Agreement with Best Western Hotels and
AT&T Canada Expands Relationship With Canada Payphone
Canada Payphone Corporation Signs Agreement with Bass Hotels & Resorts in Canada
New Video Payphone Network To Revolutionize Public Communications Industry In Canada
Email I received from company in response to some questions I had:
"Thank you for your interest. We started shipping against orders for
thousands of Grapevine terminals in March to various US and Canadian cities.
Units are now at least already installed in Milwaukee, Sarasota and
Indianapolis Airports and in some hotels in Vancouver, BC. A number of new
services will be automatically delivered to these terminals within 90 days.
We expect to have over 10,000 Grapevine terminals installed by the end of
the year. Yesterday we announced a desktop Grapevine; the press release is
on our website. We will continue to meet the very high demand for these
Internet appliances and should have surpassed at the Internet kiosk vendors
in volume of product shipped by Christmas. If you need more information,
please call me at (941) 758-0389 x3304.
David Hemmings"
Related links:
Company website: www.elcotel.com Corporate vision is a must read!
Canadian distributor website: www.canadapayphone.com
Interview with CEO of CPC discussing/displaying Grapevine terminal www.viavid.com/asx/business/vbc1/200003150.asx
Scanned article from 3/13/00 Wallstreet Journal thewallstreetstore.com
Scanned article from 3/20/00 BusinessWeek thewallstreetstore.com
Write-up of Elcotel by Frances D. Mendelsohn, President of Summit Research Associates kiosks.org |
