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Microcap & Penny Stocks : PRMC

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To: MicroKing who wrote (86)2/14/2000 1:53:00 PM
From: MicroKing  Read Replies (1) of 107
 
LMDS Communications Inc, was the fourth highest bidder by total number of high bids with a gross bid total of $1,801,000.00. Due to the company?s very small business status the FCC has granted a 45% discount off of the total bid amount for a net bid of $990,550.00. The price per population averages out to $0.635 with the discount applied. The company won the following "A Block" licenses:

Location and Population

DuBois-Clearfield, PA 124,180
East Liverpool-Salem, OH 108,276
Indiana, PA 89,994
Jamestown-Dunkirk, NY-Warren, PA 186,945
Johnstown,PA 241,247
Meadville, PA 86,169
New Castle, PA 96,246
Oil City-Franklin, PA 105,882
Olean, NY-Bradford, PA 239,343
Orangeburg, SC 114,458
Riverton, WY 46,859
Sharon, PA 121,003

The Company will now build, install, and implement the telecommunication systems and offer some or all of the following one and two-way broadband services:

An alternative to cable television service
High-speed Internet access
Video teleconferencing
Wireless local loop telephony
High-speed data transmission (i.e. ATM).
The services the Company will offer will be determined by the individual markets.

Get your map out and find each city. The licenses cover the western third of PA. From Pittsburg to Lake Erie to SW corner of NY. They are in the middle of WY and centrally located in SC. OH location is west of Pittsburg.

Greg
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