Technovision TVS - Undervalued Internet Service Provider Message Board

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Technology Stocks : Technovision TVS - Undervalued Internet Service Provider

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To: Glenn Petersen who wrote (87)	10/4/1999 8:03:00 PM
From: David Michaud	Read Replies (1) of 108

Technovision to acquire another ISP Technovision Systems Inc TVS Shares issued 9,837,188 Oct 4 close $0.90 Mon 4 Oct 99 News Release Mr. Gordon Tremain reports An agreement in principle has been reached relative to the acquisition of a second Internet service provider. When completed, this transaction will add 2,000 plus subscribers to Technovision's customer base. As well, the acquisition will increase the company's pretax monthly revenues by approximately $32,000 to $35,000. The ISP is being purchased from cash on hand and the payback period is significantly less than 12 months. Gordon Tremain also emphasized the determination of management to continue building shareholder value through exploring every opportunity to expand the company's base of dial-up subscribers. "When this agreement closes," he said, "we will be well past our short-term goal of 30,000 customers and on our way to reaching our planned objective of 35,000 to 40,000 customers by May 31, 2000." The acquisition is subject to completion of the company's due diligence examination.

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