ATTP - NEWS JUST OUT !!!
Affordable Telecommunications Technology Retains Affiliated Communications Company for Corporate Financing and Acquisition Planning
HOUSTON--(BUSINESS WIRE)--March 28, 2000--Affordable Telecommunications Technology Corp.(OTC BB: ATTP) today announced that it has retained the services of Affiliated Communications Company for strategic and acquisition planning and corporate financing.
Affiliated Communications Company, Inc. (ACC) is a management and corporate finance consulting firm specializing in the telecommunications industry. ACC's expertise spans the areas of strategic planning, marketing, mergers and acquisitions, public offerings, and corporate financing. ACC has successfully closed over $122 million in mergers and acquisitions, raised in excess of $42 million in venture capital, and has been involved in seven reverse mergers.
Steven H. Bethke, president and chief executive officer of Affordable Telecommunications Technology Corp., stated, "With 28 years of experience in the telecommunications industry and hands-on experience with both Fortune 500 companies and small-cap firms, ACC is poised to open the doors of opportunity for Affordable. ACC will assist Affordable in financing and business planning as we move forward on our aggressive growth-through-acquisition strategy."
Bruce Baker, founder and president of ACC, commented, "We look forward to working with Affordable, a high-growth candidate in the telecommunications industry."
About Affiliated Communications Company
Founded in 1990, Affiliated Communications Company (ACC) is a management and corporate finance consulting firm specializing in the telecommunications industry. ACC is not a broker/dealer, but rather an independent consultant and investor that can help find acquisitions, merger partners, financing and publicly trading shells for companies in the high-technology and telecommunications industries. Utilizing
over 160 years of collective telecommunications experience, ACC contributes to the development of "Convergent Strategy" that will meet the objectives of clients and their shareholders and create a tactical plan to realize these objectives.
ACC clients include AT&T, Southern Bell, ITT, ATC (LDDS), Metromedia (LDDS), Intermedia Communications, Inc. (ICI), and MCI Sprint.
About Affordable Telecommunications Technology
Affordable Telecommunications Technology Corp. operates a two-way data network covering the greater Houston Metropolitan area, and will utilize the network's technology to provide Automatic Meter Reading (AMR) services in the near future.
The Company is also a reseller of wireless telecommunications products and services, which it markets at the retail level under the name The Wireless Store and directly via outside sales. The Wireless Store primarily focuses on selling pre-paid and post-paid products and services in the Texas Gulf Coast area.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
CONTACTS:
Affordable Telecommunications Technology Corp.
Steven H. Bethke
713-988-8884
sbethke@flash.net
or
OTC Financial Network
Rick McCaffrey
781-444-6100 ext. 14
rick@otcfn.com
or
Mario "Ike" Iacoviello
760-391-9211
ike@otcfn.com |
