Here's the News on ATTP that came out this morning...
biz.yahoo.com
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Affordable Telecommunications Technology Second
Quarter Revenues Increase Over 350%
HOUSTON--(BUSINESS WIRE)--Aug. 25, 2000--Affordable Telecommunications Technology Corp. (OTC BB:ATTP - news), an emerging provider and reseller of wireless telecommunications products and services, announced a record revenue increase of over 350% for the second quarter ended June 30, 2000.
Affordable Telecommunications reported revenues of $298,113 for the three months ended June 30, 2000, compared to $63,343 for the three months ended June 30, 1999 - an increase of 370%.
For the six months ended June 30, 2000, Affordable Telecommunications reported revenues of $379,973 compared to $120,353 for the same period last year.
"During the second quarter, the Company closed on two major acquisitions that will fuel considerable growth in fiscal 2000. First, the acquisition of Beeper Boutique expanded our retail operations into Louisiana and greater Texas and added 20,000 new customers.
Second, the acquisition of Cameras, Etc., provided Affordable a foothold in the emerging market of digital imaging services," stated Steven H. Bethke, President and Chief Executive Officer of Affordable Telecommunications.
Bethke added, "We plan to leverage these two acquisitions to continue our strong and steady revenue growth and for future profitability."
About Affordable Telecommunications Technology
Affordable Telecommunications Technology Corp. is a reseller of wireless telecommunications products and services, which it markets through 11 retail stores under the names The Wireless Store, Camera's Etc. and Beeper Boutique in the South Texas and Louisiana market, as well as directly via outside sales. Affordable Telecommunications primarily focuses on selling pre-paid and post-paid wireless products and services. ATTP also 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.
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.
For additional information, see www.thewirelessstore.net
Contact:
Affordable Telecommunications Technology Corp.
Steven H. Bethke
713-988-8884
sbethke@flash.net
OR
OTC Financial Network
Eddie Khoury, Investor Relations
781-444-6100 ext 652
eddie@otcfn.com
Mario "Ike" Iacoviello, Investor Relations
877-385-0973 or 760-391-9211
ike@otcfn.com |
