PRMC looks like BBAN (BGOC) IMO. Compiled some DD all together for those who haven't seen it. I believe the next BGOC (BBAN) for the wireless communications industry. BBAN is currently in the $6 range and has been as high as $12 (all from under 0.10). I feel this company has at least as much potential. The company is PRMC which was recently reverse merged into by Worldnet Telecom. They have contracts with GTE and At&T as well as many others. They recently received $4 million in funding from a major financial institution for the wireless technology. In addition, RB posters have said they are attending the Comdex wireless show in New Orleans this week which should lead to another significant PR.
Under each heading, I will provide you with excerpts from press releases for support . The entire release is available at the company?s website. To date this company has gone relatively unnoticed with recent prices in the 0.65-0.85 range on very little volume.
About PRIME COMPANIES, INC.:
Prime Companies, Inc., through its wholly owned subsidiaries currently provides telecommunications services to both commercial and consumer customers throughout the U.S., with its primary focus on the California market. The services offered include prepaid telecommunications, interconnect, paging and voicemail services. The Company intends through
its wholly owned subsidiary LMDS Communications, Inc. to provide LMDS (Local Multipoint Distribution Services to various markets. LMDS is the broadband wireless technology used to deliver voice, data, internet and video conferencing in the 28 GHz and higher Spectrum.
SAN FRANCISCO, Aug 4, 1999 (BUSINESS WIRE via COMTEX) -- Prime Companies, Inc. (OTC BB: PRMC) announced that it had signed a binding letter of intent to acquire one hundred percent of the issued and outstanding shares of Worldnet Tel.com Inc. a telecommunications company in exchange for 18,000,000 shares of Prime Companies, Inc.'s authorized but unissued common stock.
There are 50 million shares authorized,
approximately 25 million shares are issued and outstanding,
float is about 2,800,000 shares
insiders hold about 21 million of the shares.
Stephen Goodman , CFO Prime Companies Inc.
2975 Treat Boulevard Suite C-8
Concord, CA 94518
(925) 687 9669 x25
email : sgoodman@primecompanies.com
primecompanies.com
worldnettel.com
Prime Companies wholly owned subsidiaries:
LMDS Communications Inc,
The Company intends to capitalize on the convergence of the wirelesscommunications and computer services revolution by providing LMDS (LocalMultipoint Distribution Systems) services to various markets. LMDS is the broadband wireless technology used to deliver voice, data, Internet, andvideo services in the 28 GHz and higher spectrum.
LMDS Communications Inc, participated in an auction conducted by the Federal Communications Commission on April 27, 1999 (the "Auction") for 161 Local Multipoint Distribution System ("LMDS") licenses. The auction closed on May 12, 1999 after 43 rounds of bidding. The Company bid at the auction for 12 different licenses. The company successfully won all 12 licenses that it had targeted at the auction. The company won "A Block" licenses: The FCC notes in its LMDS auction fact sheet that this service has the potential to become "a major competitor to local exchange and cable television services. Licenses will be granted for a ten year (10) term.
YUBA CITY, CALIFORNIA ?(BUSINESS WIRE) Jan 27, 2000 ?Prime Companies, Inc. (OTC BB: PRMC) reports that it has accepted a $4 million financing package from a major commercial financial institution.
Prime Companies reports that its wholly owned subsidiary LMDS Communications, Inc. has reached agreement with a major commercial financial institution for $4million in lease financing to facilitate the construction of its Local Multipoint Distribution Systems (LMDS) infrastructure.
The FCC Auction included two blocks of spectrum, or airwaves, in the 28, and 31 Gigahertz Band for the 168 licenses auctioned; the "A Block" includes 1,150 Megahertz of spectrum, and the "B Block" includes 150 Megahertz of spectrum. The FCC auctioned 121 of the larger licenses and 40 of the smaller licenses, for a total number of 161 licenses.
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.
Prime Companies Announces Filing of an Application for CLEC Status in the State of Pennsylvania
YUBA CITY, Calif.--(BUSINESS WIRE)--Feb. 25, 2000--Prime Companies, Inc. (OTC BB: PRMC) reports that it is filing an application for Competitive Local Exchange Carrier (CLEC) status in the state of Pennsylvania.
Prime Companies reports that its wholly owned subsidiary LMDS Communications, Inc. is applying for Competitive Local Exchange Carrier (CLEC) status in Pennsylvania. Once granted, CLEC status will allow LMDS Communications, Inc. the ability to provide traditional telecommunications services and be connected to the Public Switched
Telephone Network (PSTN).
Marathon Telecom
Marathon Telecom reached an agreement with AT & T to provide certain outside plant cable installation service in the Sacramento market. This service provided by Marathon Telecom facilitates AT & T's local service provisioning efforts by extending PAC BELL's "minimum point of entry" (MINPO) to AT & T's service distribution location. The end result is more timely service to AT & T's customers.
Zenith Technologies Inc,
Zenith Technologies Inc, has exclusive marketing rights to a flat-plane antenna operating in the 11.7 to 12.7 GHz spectrum which is being developed and patented by NASA. Portions of the spectrum in which the antenna operates has been allocated by the Federal Communications Commission. The advantages of Zenith Technologies' flat plane antenna that it can be modified to be used for transmission as well as reception. Antenna could be used for applications in wireless local loop and Local Multipoint Distribution Systems (LMDS) .
Prepaid Tel.com
Prepaid Tel.com has obtained California CLEC License and successfully negotiating and signing a reseller agreement with PACIFIC BELL, Prepaid Tel.com Inc. has initiated deployment of its prepaid services. It has signed up its first prepaid customers, and is currently signing up dealers to market the same prepaid services. YUBA CITY, Calif.--(BUSINESS WIRE)--Feb 17, 2000--Prime
Companies, Inc. (OTC BB:PRMC) announced that its wholly owned
subsidiary, Prepaid Tel.com, Inc. has executed a resale agreement with
GTE Co. of California.
Prepaid Tel.com, Inc. received its Certificate of Public
Convenience and Necessity (authorizing the Company to operate as a
Competitive Local Exchange Company "CLEC") offering Local Exchange
Access, and Interexchange Resold Services.
The company commenced the provisioning of local prepaid dial tone
services in October of 1999 throughout Pacific Bell exchanges in
California , and in January of 2000, the company Prepaid Tel.com, Inc.
completed requirements to resell GTE of California, allowing it the
opportunity to offer local prepaid dial tone services in the GTE
California Exchanges
Management
Prime Companies, Inc.(OTC BB:PRMC) announced the appointment of Norbert Lima as President and CEOof Prime Companies, Inc. and its principal subsidiary, Worldnet Tel.comInc., a telecommunications company.
"Bert" Lima has over thirty years of telecommunications experience, andwill be responsible for implementing the Company's operational systemsacross multiple markets. Mr. Lima founded and operated NACC-Tel, aCalifornia interconnect company, from 1984-1994, where he served as SalesManager, Technical Services Engineer, and Installation Manager. NACC-Telmerged with Pagers Plus Cellular in 1994, where Mr. Lima served as VicePresident of Engineering, responsible for RF engineering and construction of220 MHz systems throughout the U.S.A.
Mr. Lima worked in various positions for Pacific Telephone for nineteenyears as Engineering Manager and District Manager of Construction, where hewas responsible for five construction divisions with 275 subordinates and anoperating budget of approximately US $16,000,000 per annum. Mr. Lima'scareer took him through multiple levels of the large telecom company. Mr.Lima received his BS in Industrial Technology-Electronics and his BA inPublic Administration from Fresno State University in 1970.
Mr. Lima's background and proven telecommunications experience will bevitally instrumental in the development and implementation of WorldnetTel.com Inc.'s LMDS (Local Multipoint Distribution System) Licenses. Thecompany has positioned itself by linking a corridor of 10 LMDS Licenses,connecting portions of Ohio, Pennsylvania and the New York state markets.The company also holds two more LMDS licenses, one in Wyoming and the otherin South Carolina. It is the company's intent under Lima's leadership tomaximize the provisioning of such high demand services as High SpeedInternet Access, High Speed Data, Video Teleconferencing, Wireless LocalLoop--POTS (Plain Old Telephone Service) and Wireless Cable Television. Theconstruction and marketing strategies will be highly focused on the small tomedium sized business which, up to now, have been mostly neglected. Inselected markets, the company is also exploring the possibilities ofcreating strategic alliances to position itself as the provider of theso-called "last mile" link between fiber optic rings and respectiveswitching centers.
Stephen Goodman Chief Financial Officer for the corporation and each of its subsidiaries.
Stephen Goodman has been Chief Financial Officer, Treasurer, and Director for Worldnet Tel.com Inc. since its inception in 1999. Mr. Goodman has worked in the telecommunications industry for over eight years, serving as President for both Secure Cellular, Inc. and Pagers Plus Cellular, of San Francisco, California from 1992-1999. Mr. Goodman developed, structured, and negotiated the majority of the business for the company, which provides prepaid cellular telephone services, prepaid wireless services and telephone systems to both consumer and corporate customers throughout California. Mr. Goodman was President of Contra Costa Financial Services, Inc. from 1989-1992, where he owned and managed the commercial and residential mortgage/banking firm. From 1985-1989, Mr. Goodman worked for various savings and loan companies, and from 1977-1985 he served as President of Bay Capital Corporation & House of Money. He received his BS in Economics from the University of Pennsylvania, Wharton School, in 1965, his MBA in Finance from New York University in 1969, and his J.D. from William Howard Taft University in 1995.
Dean Lucas has been Chief Operating Officer and Director for WorldnetTel.com Inc. since its inception in 1999. Mr. Lucas has accumulated over sixteen years of sales, finance, and management-related experience for several companies. Mr. Lucas worked for Wireless Technology Group, of Coral Springs, Florida from 1991-1998, where he served as an officer and member of the Board of Directors. Mr. Lucas led the firm from a start-up into one of the largest wireless communications companies in Florida, promoting 220MHz", more information in filings. freeedgar.com |
