Clariti Telecommunications International OTC-BB (CLRI)
OVERVIEW
Clariti is a diversified,international telecommunications company.
Clariti consists of 2 businesses:
-Global first (wireline subsidiary). European telecom service provider with annualized
revenues approaching
$100 million.
-Clariti Digital Paging (wireless subsidiary): Developing a patented voice paging technology
for worldwide markets.
Current market capitalization of approximately $250 million.
Head quartered in Philadelphia, with an R&D center in Florida, plus operations in the UK and
France.
GLOBALFIRST- is one of Europe's fastest growing telecom companies with annualized
revenues approaching $100mm.
Today, GLOBALFIRST is primarily a switchless reseller, and has focused on building a solid
retail customer base.To increase
margins GLOBALFIRST is planning to install switches in 1999 to become a facilities-based
telecomm carrier.
GLOBALFIRST assets include 3 telecom rooms at Telehouse in London. This is important
because companies need facilities
at Telehouse to install switches that connect with the European telecom grid, and the current
waiting list is over 18 months to
get space at Telehouse.
CLARITI DIGITAL PAGING
Clariti is developing a unique voice paging technology, known as ClariCAST, that uses
FM-SCA sub carrier frequencies of
FM radio stations.
This patented technology has been under development since 1995, and will be
commercialized in 3Q99.
FM frequencies are common worldwide, so Clariti's voice paging system can be installed in
any city with an FM radio station.
Clariti has successfully demonstrated its system in the US,Canada, and Brazil.
I suggest you go to their website and read about products and management.
clariti.com
Philadelphia, PA, February 16, 1999) -- Clariti Telecommunications International, Ltd. (OTC BB: CLRI)
("Clariti") today announced it has appointed Joseph A. Smith, age 44, to the newly created position of
Executive Vice President, Telecom Ventures. Mr. Smith was formerly Group Executive Vice President,
Paging Division at Metromedia International (AMEX: MMG).
Mr. Smith will report directly to Peter S. Pelullo, Chairman and Chief Executive Officer of Clariti. He will be
responsible for exploiting new business opportunities within Clariti's paging and telephony operations, with
a particular emphasis on the international front.
"We are very excited to have added such an outstanding individual to Clariti's team of professionals,"
stated Peter S. Pelullo, Chairman and Chief Executive Officer. "Joe has twenty-three years of management
experience in the telecommunications industry, specifically in paging and wireless local loop telephony. We
find his international expertise most significant because Clariti would like to take advantage of the
tremendous opportunities arising in Europe as a result of deregulation. We are confident Joe's knowledge
and skills will help our Company establish a significant presence in the worldwide telecommunications
market."
Joseph A. Smith noted, "Clariti's digital technology presents a remarkable opportunity and I am thrilled to
be involved on the ground floor of this venture. The Company is a natural fit based on my extensive
experience in paging and wireless telephony in the international marketplace, which is growing at a
dramatic pace."
One last point, as this is a Bulletin Board stock, which is fully reporting. ING Barings,Furman,Selz LLC is their investment banker and advisor, Pricewaterhouse Coopers are their auditors, Morgan Walke Associates,Inc are the IR firm, Swidler,Berlin,Shereff,Friedman,LLP are their securities and Telecommunications Counsel, and Eizen,Fineburg,&McCarthy are their Corporate Counsel, all unusual names for a Bulletin Board stock. |
