| Donner Corp. International Issues Speculative Buy Recommendation On Far East Ventures, Inc.
SANTA ANA, Calif., Jan 10, 2001 /PRNewswire via COMTEX/ -- Donner Corp. International, a broker/dealer specializing in investment banking, headquartered in Santa Ana, Ca., today issued a Speculative Buy Recommendation and initiated coverage on Far East Ventures, Inc. (OTC Bulletin Board: FEVI chart, msgs), Miami, Florida. Far East Ventures is focused on the pre-paid PhoneCard industry, one of the fastest growing segments of the telecommunications industry.
"Far East Ventures is poised to acquire Sophisticated Communications, Inc. (SCI), a leader in PhoneCard sales and distribution in the U.S. since 1995, with sales estimated at $50 million in the year 2000 and projected sales of $105 million in 2001," Donner said. "SCI is noted for its custom tailored private label calling cards, which it targets for distribution through a network of more than 50,000 locations in 42 states.
"SCI's recently signed agreement with MCI Worldcom for the purchase and resale of pre-paid calling cards for international calls, plus Far East Venture's lucrative distribution agreement with Global TeleMedia for distribution of its BentleyTel PhoneCard are significant, encouraging announcements," Donner said. "The new management at Far East Ventures is dedicated to increasing shareholder value.
"We believe Far East's stock is highly undervalued considering its pending acquisition of SCI, recent strategic alliances and management's aggressive implementation of its newly restructured business objectives," Donner said. "The expanding global demand for pre-paid calling cards and related technologies should enhance the Company's presence and potential in the market place. These factors indicate to us that Far East Ventures, Inc., is well-positioned for aggressive growth," Donner concluded.
Copies of the Donner report on Far East Ventures, Inc. are available at www.donnercorp.com.
DCI is a member of the National Association of Securities Dealers, CRD 37702. Any information or opinion provided in this report/release does not solicit or make an offer to buy or sell any securities or any options, futures or other derivatives related to such securities herein. DCI and its affiliates may trade for their own accounts in any securities of the issuer or in related securities. DCI or its affiliates, directors, officers and employees, may have a long or short position in securities of the issuer or related investments. DCI or its affiliates may from time to time perform investment banking or other services for, or solicit investment banking or other business from any entity mentioned in this report/release. This research report/release has been prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objective, financial situation, suitability and the particular need of any specific person who may receive this report/release. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report/release and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall substantially. Accordingly, investors may receive back less than originally invested. Past performance is not indicative of future performance. Copyright 2000 DCI. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that DCI was recently compensated by FEVI in the form of a $2,500 due-diligence fee and DCI receives $2,000 per month for services provided and $2.00 for each inquiry sent this report by fax or US mail. DCI will also receive 50,000 shares of FEVI common stock when FEVI reaches a closing price of $0.50; 50,000 shares at $0.75, 50,000 shares at $1.00, 50,000 shares at $2.00 and 50,000 shares at $3.00 per share. Additionally, there is a negotiable fee for merger, acquisition, strategic alliance, institutional events, institutional transactions and use of proprietary databases, which has not been determined as of the date of this report/release.
Source: Donner Corporation International
Contact:
Donner Corp. International, 714-850-3356
URL: donnercorp.com |
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