TMXU- THIS IS JUST THE BEGINNING....
RUMOR I HAVE OF NEXT DEAL IS VERY HUGE...
(hint)involves my favorite stock that got me into
trading...
(COMTEX) B: TMEX USA, Inc. Awarded $60 Million Contract From Clifton
B: TMEX USA, Inc. Awarded $60 Million Contract From Clifton Digital Corp.
NEWPORT BEACH, Calif., Feb 22, 2000 (BUSINESS WIRE) -- TMEX USA, Inc.
(OTC BB: TMXU) Tuesday announced the signing of a contract with Clifton
Digital Corp. to provide telecommunications service for a number of new
prepaid calling card programs.
The company reported that the retail value for the contract received is
for $60 million a year, on a renewable basis. The contract calls for a
minimum of $5 million per month in revenue. The ramp-up period to reach
this goal is planned within six months.
The distribution of the first program has already begun with the
"MEXICO ADVANTAGE" card, a flat rate, no connection fee program to
Mexico and the U.S. domestic market with extremely competitive rates.
TMEX is in a unique position to offer this program due to its strategic
alliance with a large Mexican concessionaire.
"This contract with Clifton Digital Corp. is very significant for TMEX.
We appreciate the opportunity to work in partnership with one of the
premier distributors in this industry," stated TMEX USA Executive Vice
President Michael Garone. "Clifton Digital will afford us the
opportunity to effect immediate distribution into the leading retail
outlets in the marketplace."
"I believe that this joint venture between our companies makes Clifton
Digital and TMEX USA a leading team in the debit card business," stated
Aref Aref, chief executive officer, Clifton Digital Corp.
The focus for the new programs by the companies is to segment the
marketplace by achieving a unique leadership position for different
cultural groups. This will be accomplished by TMEX's ability to provide
a high-quality, low-cost ATM network, with the capacity to handle
tremendous growth in its core Mexican market.
TMEX also provides international termination worldwide through private
networks and strategic contractual relationships and joint ventures,
coupled with a competitive, high-quality domestic program.
TMEX is a telecommunications company with headquarters in Newport
Beach. It supplies international wholesale telephone, video, data,
private networks, and Internet services via high-technology laser
communication links.
Safe Harbor Act Disclaimer:
The statements contained in this release and statements that the
company may make orally in connection with this release are not
historical fact and are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Actual results
may differ materially from those in the forward-looking statements, as
such statements involve risks and uncertainties that could
significantly impact the company's business and the actual outcome and
results may differ materially.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: TMEX USA, Inc., Newport Beach
Ray Taylor, 888/TMEX-USA or 949/863-9872
WEB PAGE: businesswire.com
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