[off topic], news release for my star penny stock (DCTC) trading
currently on the Nasdaq BB at $3.00. This stock was 30 cents last
year and soared to over $5 bucks a few months back. Recently it retreated to $2.00, now at $3.00. They applied a few months back
for Nasdaq small cap. www.dcic.com for detail if interested.
$5.00 is possible, some folks on the DCTC thread are expecting
$10 by year end. Company has made alot of aquisitions lately,
standard disclaimer for penny stocks.
Subject 11557
(link to DCTC forum)
DCI Telecommunications Annual Earnings Show Vast Improvement
FAIRFIELD, Conn., May 21 /PRNewswire/ -- DCI Telecommunications, Inc.
(OTC Bulletin Board: DCTC) today reported net loss of $373,000 for the fiscal year ended March 31, 1997 versus net loss of $712,000 for the fiscal year ended March 31, 1996. Joseph J. Murphy, president and chief executive officer stated, "The improvement in fiscal 1997 principally reflects the impact of continued effective cost control and the acquisition of Muller Media, which is being recorded on the purchase method of accounting. These improvements do not reflect the recent acquisition CardCall International, CyberFax and Crossmain Ltd."
Consolidated revenues were $2.8 million in the fiscal year ended March 31, 1997 versus $1.8 million in the same period a year ago, an increase of 56 percent. The Company's "run rate," annualized recurring monthly revenues based on the amount billed to customers, increased 9 fold. last year's figure of $2.0 million has soared to $18.0 million in fiscal 1997. This reflects the sale of additional services to current customers as well as market penetration via new customers gained through the acquisition of CardCall International.
DCI Telecommunications is an international supplier of telecommunications services including long distance phone service, prepaid cellular and phone cards, and value added phone cards to business and consumer marketplaces. The Company has an extensive distribution network throughout North America and Europe. DCI currently owns telephone switching facilities in Canada and the
United Kingdom. Additional facilities are planned for the United States and other European countries.
SOURCE DCI Telecommunications, Inc. |
