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Technology Stocks : INNOFONE.COM (INNF-NASDAQ-OTCBB)
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To: Takeover who wrote (18)6/28/1999 2:27:00 PM
From: Goalie  Read Replies (2) of 107
 
Hello Takeover:FYI -- Did you see this NR from Capital Research group?

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.



Regards. Goalie.
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