INNF for what it's worth, from Chuck T.
Capital Research Group Initiates Buy Rating On Innofone.com - OTC BB: INNF
WESTON, Fla.--(BUSINESS WIRE)--June 22, 1999--Capital Research Group Inc. a reputable public relations company specializing in OTC companies initiates a ''buy'' rating on Innofone.com (OTC BB: INNF). Capital Research believes that Innofone.com offers exceptional short and long term growth potential for the following reasons: INNF is involved in internet telephony which industry experts tout as the hottest opportunity on the internet for the next five years. During 1999, the Company intends to be known Canada-wide as a top network marketer of Internet-based communications products and services. Aside from Internet telephony, Innofone.com plans to carve out a niche in the burgeoning telecommunications industry marketing local line and long distance service. There are four major competitors in the telecommunications field: Bell Telephone (NYSE: BEL - news), ACC TelEnterprises Ltd., a wholly owned subsidiary of AT&T (NYSE: T - news), Optel Communications, a privately held company and MetroNet, a Calgary based company which recently merged with AT&T (NYSE: T - news).
The total number of telephone access lines in Canada is close to 17 million, generating approximately $6.5 billion in revenue. Business service accounts for approximately
30 percent of this figure.
Innofone.com forecasts a 1.5 percent market share by the end of year one, building to over 5 percent by the end of year three. Local revenue per line across Canada
rose an average of 6.1 percent in 1995 moderately higher than the 5.6 percent rise in 1994.
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All material herein was prepared by Capital Research Group Inc. (CRG) for the company discussed herein, based upon information supplied by the company or other
sources believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. This
discussion contains forward-looking statements that involve risks and uncertainties. The company's actual results could differ materially from those described in any
forward-looking statements or announcements discussed within. This material is for information purposes only and should not be construed as an offer or solicitation of
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