ATTP - 650,000 float - Full Company Research
In my opinion, I have a target of $9.00 in 60-90 days. The telecommunications industry is very hot.
I also believe we will see some very good news soon and some significant promotional efforts from the new IR firm.
Recent price: $1.37 x $1.50
COMPANY:
Affordable Telecommunications Technology Corp (OTCBB: ATTP)
6227 South West Freeway
Houston, TX 77074
Phone: 713-988-8884
Fax: 713-988-4955
CEO & Pres: Steven H. Bethke
Retail Website: thewirelessstore.net
SEC FILINGS:
sec.gov
SHARE INFO:
Outstanding: 7,500,000
Float: 650,000
Authorized: 20,000,000
INVESTOR RELATIONS:
National Financial Communications
1040 Great Plains Ave
Needham, MA 02492
(800) 230.3519 ext. 14
Rick McCaffrey, E-mail: Rick@otcfn.com
Virtual Investor Profile of ATTP: virtualir.com
BUSINESS SUMMARY:
TIME LINE
- July 10, 1997 - ATTP Incorporated offering advanced wireless
telecommunications.
- September 1, 1998 - "The Wireless Store" commenced operations.
- Mid-Year, 1998 - Entered into joint venture agreement with Link-Two
Communications.
- Various Dates - Signed contracts with Nextel, Sprint PCS, Houston
Cellular, Page-Mart, ComSat Satellite, Globalstar Satellite, Bell South
Wireless, and GTE Wireless.
- October 12, 1999 - Signed a letter of intent to acquire eight Beeper
Boutiques.
- January 3, 2000 - Announced SEC Form 10-SB Registration.
- March 1, 2000 - Signed a letter of intent to acquire Cameras, Etc.
- March 1, 2000 - Selected OTC Financial Network, a division of National
Financial Communications Corp. (NFC), to handle Investor Relations.
The Company serves as a reseller and provider of wireless
telecommunications services, paging services and related services, and also plans on providing an Automatic Meter Reading service (AMR). The Company presently operates a retail stores in the Houston market under the name "The Wireless Store."
October 12, 1999 - Entered into a letter of intent with Beeper Boutique,
which owns and operates 8 stores in Texas and Louisiana, and has a
customer base of over 20,000 active pager subscribers and markets
products and services in the Texas Gulf Coast area. Current monthly
revenues generated by Beeper Boutique are approximately $305,000 and
its expenses are approximately $265,000.
This acquisition should enable the Company to expand its service and
customer base, and provide service from 6 different wireless carriers to
a larger customer base.
March 1, 2000 - Announced that it has entered into a letter of intent to
acquire Cameras, Etc., a Texas-based company specializing in marketing
digital cameras and accessories to the oil and gas industry. ATTP?s
announcement said, "The convergence of the Internet and mobile
communications is rapidly becoming a reality. We will incorporate
Cameras, Etc.'s digital imaging into our wireless two-way data network
to capitalize on this dynamic opportunity."
"Cameras, Etc. enables oil and gas companies to take and send images
over a wireless network, and analyze the images remotely on a computer.
We plan to expand Cameras' target market into the medical field, in
addition to applying the technology toward a host of new consumer
products, such as wireless phones with Internet access."
ATTP presently markets telecommunications products and services for the
major wireless carriers and vendors, including Sprint PCS, Nextel,
Houston Cellular, Nokia Corp., Motorola, Ericsson, Bell South Wireless
Data, Page-Mart, Comsat Mobile Communications and Globalstar
Telecommunications Co.
ATTP has also negotiated a joint venture with Link-Two Communications
Inc., which holds numerous radio paging licenses that cover Southwest
Texas. Link-Two offers nationwide service with two-way digital
messaging on a wide area network.
ATTP offers Globalstar Telecommunications satellite phone through an
agreement with AirTouch Cellular, which includes the Globalstar
handsets, accessories and service. The Globalstar service provides
customers with satellite telephone service world-wide and is distributed
and marketed throughout North America, with the Company now
offering this satellite communication service throughout Texas.
In addition, the Company offers paging, messaging and information
products and services through third party networks, including PageMart
and Bell South Wireless Data.
The Company uses 2 primary methods for distribution of its products and
services.
(1) Direct Retail Distribution - Plans to use a direct sales force
covering the Houston and Texas Gulf Coast area to increase and maintain
a larger customer base. Its retail stores will provide sales support
and services offered. The Company is actively seeking to increase its
customer base through retail stores that the Company operates and
acquires.
(2) Agreements with Third Party Independent Distributors/Dealers -
Currently has dealer agreements with 6 large wireless dealers as well
as smaller Houston wireless communication dealers, offering wireless
services including paging and PCS. In exchange for a wholesale price on
activation's and airtime, these dealers solicit
customers for the Company's prepaid cellular service. These agreements
increase sales volume for the dealers and provide a valuable source of
new customers for the Company.
The Company plans to develop multiple distribution channels to increase
marketing of products and services, and reduce its reliance on any
single distribution source.
COMPETITIVE ADVANTAGES
Charges no monthly access fee for its prepaid service, unlike many of its competitors. The Company offers a plan that provides customers with both equipment and specified amount of time on a prepaid basis, giving the customer the benefit of buying only what they want to spend on airtime
while
(i) eliminating the Company's credit risk,
(ii) substantially reducing the Company's receivable reserves, together
with labor, software and overhead items required to monitor receivables
and
(iii) making the float attributable to the prepayments available to
increase opportunities
for internally-financed growth, or otherwise maximize shareholder
returns.
OTHER INFORMATION:
-ATTP formed a joint venture with Link-Two Corporation of Houston, Texas
to construct and operate a statewide 900 MHz one-way/two-way paging
network and will utilize the network's technology to provide Automatic
Meter Reading (AMR) services in the near future. This network supports
conventional paging as well as the "smart" utility meter technology
which can read household water meters automatically and remotely without
physical entry into a residence or business. Beta testing of the meters
produced positive results, representing a future revenue stream for the
Company.
Geoffrey Eiten (president of National Financial Communications, ATTP?s
IR firm) said, "Affordable is also focused on aggressive expansion of
its retail business The Wireless Store, which resells wireless
telecommunications products from all the major players in the industry.
The Company is pursuing retail store acquisitions, third party
arrangements with established dealers, and joint ventures to broaden its
product offerings and enter new markets, including a higher demographic
segment."
Steven Bethke (ATTP President & CEO) said, "We remain dedicated to
acquiring companies in the most profitable sectors of wireless
communication, such as digital imaging.?
- The Company is not a party to any material litigation.
NEWS:
March 1 - Company Press Release
- Affordable Telecommunications Technology Signs Letter of Intent to
Acquire Digital Imaging Specialist Cameras, Etc.; --Affordable to Merge
Wireless Products With Digital Imaging--
March 1- Company Press Release
- Affordable Telecommunications Technology Corp. Retains OTC Financial
Network to Lead Comprehensive Investor Relations Campaign
March 2 - Company Press Release
- Affordable Telecommunications Technology Featured On Leading Local
Business Internet Site dBusiness.com
clearstation.com
January 3 - Company Press Release
- Affordable Telecommunications Technology Corporation Announces that
Form 10-SB Registration Statement Ready to be Declared Effective
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