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(COMTEX) B: Stockreporter Announces Investment Opinion on Saratoga In
B: Stockreporter Announces Investment Opinion on Saratoga International
Holdings Corp.; Updates Investment Opinion Confirming $2.10 Year 2000 Target
Share Price
KIRKLAND, Wash., Oct 6, 1999 (BUSINESS WIRE) -- Saratoga International
Holdings Corp. (OTC BB:SHCC) today received an updated buy
recommendation confirming a year 2000 price target of $2.10 from
Stockreporter, a leading European financial Internet publication at
www.stockreporter.de, thus providing tremendous profit opportunities
from current SHCC trading levels of approximately $0.15 per share.
Stockreporter said it increased issued the Saratoga update due to last
month's tremendous achievements, including the successful initiation of
its new reseller marketing program in the Czech Republic and an
alliance with Teleglobe Communications Corp. (NYSE:TGO) that
immediately expands SHCC's global marketing to 95 countries worldwide.
"Saratoga's milestone agreement with Teleglobe Communications provides
SHCC immediate marketing access from 95 countries around the world, a
dramatic development that was thought to take the Company several years
to achieve," said Stockreporter's Dennis C. Hass. "Coupled with the
phenomenal success of Saratoga's new reseller marketing program that
targets under-served markets around the world, we continue to be very
bullish on SHCC shares and expect tremendous short-term upside pressure
in addition to the long-term price appreciation we projected earlier
this year.
"At less than $0.15 per share, Saratoga offers investors an extremely
low-cost opportunity to benefit from what will be one of the most
dynamic players in the prepaid international telecommunications and
Internet telephony markets," concluded Hass.
Stockreporter's SHCC update contains the following information:
UPDATE
Saratoga International Holdings Corp. (SHCC) is an exciting Internet
and telecom play for investors interested in above average returns. Via
a growth through acquisition strategy and e-commerce focus, the Company
has rapidly expanded its online sales of prepaid long distance
telephone services to under-served markets around the world where
consumer demand is large and growing at an exponential rate. SHCC is
rapidly achieving this goal and is one of very few telecommunications
firms marketing a virtual prepaid calling card via the Internet which
offers origination from more than 95 countries world-wide.
By making prepaid long distance available to second and third world
countries over the Internet, Saratoga is positioning itself to capture
a significant share of the prepaid long distance market without the
prohibitive costs of traditional prepaid retailing such as card
production, card security, and distribution. In addition to servicing
the local population within each target market, SHCC's aggressive
marketing campaign also targets the region's tourist population with
its competitively-priced prepaid calling services that are sold through
agents where tourists are likely to visit - including popular hotels
and Internet cafes.
The Company has already demonstrated the tremendous success of the
reselling program through local agents in the Czech Republic. A
relatively poor country with virtually no Internet access, the local
telephone company in the Czech Republic charges exorbitant rates for
international calls. With 2.6 million tourists each year in the capital
city of Prague alone, the Czech Republic is truly a strategic location
for SHCC's initial reseller campaign with an enormous tourist base that
suffers from a lack of cost-competitive options for calling home.
Saratoga is in the process of setting up agent partnerships with 4 and
5 star hotels in the Czech Republic as well as a number of Internet
cafes - thus rapidly achieving significant market presence with
considerable orders for SHCC's prepaid calling services already coming
in.
Additional plans for Saratoga's reseller campaign include sending
agents to Central and South America. The Company's strategy is prudent |
