TXCI News Released tonight. I like it.
v Email Blast 8-10-99
Date: 08/10/1999 7:39:12 PM Central Daylight Time
From: corporate@txci.com (Corporate Account)
To: Emailblast@grpv.com
TOTALAXCESS.COM, INC. FORESEES FISCAL YEAR-END PROFITABILITY
- Chairman Verifies August Revenue to Top $1 Million Dollars
Oakland, CA (August 10, 1999): TotalAxcess.com, Inc. (OTC BB: TXCI),
Chairman and President Joseph Monterosso indicated during an interview with Wall Street NewsCast today that August revenues are anticipated to exceed $1 million dollars fast tracking the Company towards profitability by fiscal year-end.
The Company's newest monthly revenue expectation (August 1-August 31)
reflects a 73 percent jump over July's monthly base. The Company had
recently reported (Business Wire, August 4) an approximated 150 percent revenue increase over their Q4 postings and now indicates they were conservative in their previous revenue estimation having undervalued the immediate expansion of their pre-paid and one-plus contracts.
During today's interview, Mr Monterosso cited both the Company's
successful contract performance and its effectiveness at meeting or
exceeding implementation timelines as important indicators for year-end profitability. According to Monterosso, "The Company is well on its way towards its goal of supporting 100 million monthly minutes with the installation of upgraded equipment in the Company's new Los Angeles switching facility. Installation of new equipment will support the new distribution and contract expansion agreements previously reported as well as those to Mexico and India, to be detailed shortly."
The Company has also announced a number of strategic alliances during the last 90 days expanding their international calling network which is expected to significantly increase international transport revenue
opportunities for the Company.
As a fully reporting San Francisco-based telecommunications and internet marketing company, TotalAxcess.com has been in operation for more than 14 years specializing in pre-paid telecommunication, one-plus long distance and telephonic and internet based lottery participation. The Company officially changed its name from Group V Corporation to TotalAxcess.com on May 17th, reflecting the Company's progression and focus into Internet marketing and E-commerce to promote and market its pre-paid telecommunications products and services, including the innovative HitLoTTo® Club Card.
Forward-looking statements in this release are made pursuant to the "safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
|
