ROTI... more info:
Shares:
O/S: 11.6M +49M Restricted shares from Fone.com
Float: 4M Float is still 4M because Fone.com shares are restricted.
From MG: Tanners's Restaurant Group, effective June 2000, announced a new business plan that will focus on the convergence and integration of international long distance telecommunications and Internet services.
The company is reorganizing now. Other acquisitions are on the way but will not be announced until the deal is done.
The company intends to establish a revenue stream through a variety of different means. Mainly through telecommunications and Internet services... As mentioned in the market guide.
There are no plans for a R/S at this time.
Name of the company will change to B4B (business for bandwidth) from the old Tanners Restaurant Group. This will be done within the next month.
Bits and pieces of the last 3 NRs:
NORCROSS, Ga., Jun 16, 2000 /PRNewswire via COMTEX/ -- Tanner's Restaurant Group, Inc. (OTCBulletinBoard:ROTI) announced today that the business plan of the Company will focus on the convergence and integration of international long distance telecommunications and Internet services. To establish a starting point for this new direction, Tanner's has acquired all of the shares of Fone.com, a United Kingdom corporation, from DCI Telecommunications, Inc. (OTC:DCTC). Fone.com is being renamed to B4B Communications, LTD immediately to more accurately describe the company's focus.
B4B is an early stage business with ongoing operations and revenue generating products and services. While not yet profitable, management expects B4B will experience both short and long term growth in revenues and profits from pursuing high demand business in the international marketplace for the year 2000 and beyond.
BRIDGEPORT, Conn., Jun 23, 2000 /PRNewswire via COMTEX/ -- Tanner's Restaurant Group, Inc. (OTCBulletinBoard:ROTI) announced today that its wholly owned UK subsidiary, Fone.com Limited, has entered into a distribution agreement to provide for the provisioning of wireless mobile telecommunication services. As previously announced, Fone.com is in the process of changing its name to B4B Communications, Limited as an anagram for Bandwidth for Business.
BRIDGEPORT, Conn., Jul 5, 2000 /PRNewswire via COMTEX/ -- Tanner's Restaurant Group (OTCBulletinBoard:ROTI) announced today that its wholly-owned UK-based subsidiary, Fone.com Limited has entered into an interconnection agreement with Viatel, Inc. (Nasdaq:VYTL), the "All Distance. All Services.(TM)" telecommunications provider headquartered in New York.
As previously announced, Fone.com -- a reseller of telecommunications services -- is in the process of changing its name to B4B Communications, Limited. B4B stands for Bandwidth for Business.
Through its agreement with Viatel, B4B will have access to Viatel's Pan-European Network, a multi-conduit, continuously-upgradeable, cross-border network in Western Europe, of which over 7,000 of the announced 10,400 route kilometers, linking 59 major cities in the United Kingdom, The Netherlands, Belgium, France, Germany and Switzerland, are fully constructed. Construction of the remaining 3,400 route kilometers will be completed by year's end. Viatel provides local and long-distance, voice and data, bandwidth and Web-centric solutions to end-users, including corporations, ISPs, ASPs and other carriers in Western Europe and North America.
I will post more info as I get it... Do your own DD... not a rec to buy.
Tom |
