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Technology Stocks : Technovision TVS - Undervalued Internet Service Provider
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To: David Michaud who wrote (74)9/11/1999 9:00:00 AM
From: David Michaud  Read Replies (1) of 108
 
Technovision to acquire ISP

Technovision Systems Inc TVS
Shares issued 9,837,188 Sep 9 close $0.88
Fri 10 Sept 99 News Release
Mr. Gordon Tremain reports
The company has entered into a letter of intent to acquire a privately held
Internet service provider in British Columbia with approximately 1,500
dial-up customers. This will generate $30,000 per month in pretax cash
flow. The acquisition cost can be easily covered from funds on hand. The
payback period will be significantly less than 12 months.
Mr. Tremain went on to say: "This transaction is in line with two of our
major objectives, being firstly to always focus on enhancing shareholder
value and secondly, to try and double our customer base every year. So far
we have been successful in both areas."
When complete, this acquisition will bring the number of subscribers to the
company's services to slightly over 30,000, up from 19,600 customers in
November, 1998.
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