Hey CYOE fans. Anyone think they left out something? Was it Apollo KK's Class ll Carrier License & Point of Presence
? Truthseeker thinks its a good posibility since they said in their business plan they were going to buy the guts of Apollo KK (The dog and pony show $6 placement). Yet I do not see them mentioning it in the press release. Well, thats CYOE for you.
Coyote Network Systems Expands International PresenceObtains Japanese Class ll Carrier License & Point of Presence
WESTLAKE VILLAGE, Calif., July 8 /PRNewswire/ -- Coyote Network Systems,
Inc. (Nasdaq: CYOE) today announced that it has expanded its international
presence by obtaining a Japanese Class ll carrier license and point of
presence (POP), enabling the Company's carrier subsidiaries to originate and
terminate traffic in that country. The Company is also in the process of
arranging interconnect agreements with several "in country" as well as other
international carriers.
"As part of our corporate strategy, we are targeting focused telecom
market segments, such as international long distance to and through strategic
markets like Japan," said Daniel W. Latham, president and chief operating
officer, Coyote Network Systems. "The Japanese license and POP should result
in lower costs and greater efficiencies for our carrier subsidiaries, INET and
AGT and their customers."
INET Interactive Network System markets international long distance
services, primarily to Japanese and French speaking people in the U.S.
American Gateway Telecom provides wholesale international long distance
services.
A fundamental component of Coyote's strategy for growth is to provide a
total solution, i.e., switching equipment, international long distance and
network services, primarily to entrepreneurial carriers. The Company is
targeting specific market segments: telecom switching, international long
distance and network services that include network design and operations
services, facilities management, switch provisioning, billing administration,
access to financing and customer support services.
About Coyote Network Systems
Based in Westlake Village, CA, Coyote Network Systems provides telecom
equipment, international long distance and network services. For more
information, please visit the Company's Web site: cyoe.com, or call
1-818-735-5385.
The statements in this news release may be considered "forward looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 and involve known and unknown risks and uncertainties, which may cause
the Company's actual results in future periods to be materially different from
any future performance suggested in this news release. Readers are cautioned
not to place undue reliance on these forward-looking statements that speak
only as of the date hereof. The Company undertakes no obligation to publicly
release the result of any revisions to these forward-looking statements that
may be made to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events. For more complete
information, please refer to the Company's Form 10-K, Form 10-Q and other
filings with the SEC.
SOURCE Coyote Network Systems, Inc.
CO: Coyote Network Systems, Inc.; INET Interactive Network System
American Gateway Telecom
ST: California, Japan
IN: TLS CPR
SU: LIC
07/08/99 08:30 EDT prnewswire.com |
