Hi All, News from TQT, seems good, why didn't it move??
TRIQUANTA UPDATE - May 26
TRIQUANTA INVESTMENTS LTD
TQT - Alberta Stock Exchange
From: Bob Messenger - President
Subject: Canadian Markets/Corporate Developments
CANADIAN MARKET TURMOIL - While the Dow continues to rise
the Canadian small cap stock markets have taken a beating. This
is due almost entirely to the recent problems that have occured with
the speculative mining sector. Bre-X, Golden Rule and Delgratia
Mining have badly damaged credibility and investor confidence
in the junior markets and resulted in heavy losses amounting to
billions of dollars in market cap declines to both institutional and
individual investors. Unfortunately every stock exchange has their
share of scandals however interestingly enough none of the above
mentioned mining stocks were listed on the Alberta Exchange at
the time the problems became apparent - two were listed in
Toronto and one on NASDAQ.
None of the above is intended to be an 'excuse' for the present
price of Triquanta stock however it certainly contributed to a general
decline in the price of many small or micro-cap stocks in Canada
and has at least temporarily made it difficult to attract investors in
this market environment. On the plus side it has also created
many buying opportunities for the aggressive investor.
CORPORATE DEVELOPMENTS:
ACCESS DEVELOPERS LLC
Our 50% owned internet service provider (Access Developers LLC
of San Diego CA) continues to show strong monthly growth in new
sign ups and revenue. We feel we have developed a strong model
for building a subscriber base and like the cable and telecom
industry the eventual value of Access will be based on the number
of paid on-line subscribers.
Through Limited Partnerships, Access will begin to raise money in
the next week to finance its first expansion beyond San Diego
County into Orange County and the Los Angeles area.
Management feels the program developed by Access to attract new
subscribers will work successfully in any metropolitan area in the
U.S. and it is Access' intention to continue to expand their ISP
services throughout the Southwest and beyond.
Access Developers web site: access1.net
HOWELL INTERNATIONAL
BELARUS - Howell's original customer the Bel Business Bank has
expressed complete satisfaction with their first purchase and have
ordered another PBX system. As well the State owned Highway
Department have ordered their first two PBX systems from Howell.
PHILIPPINES - Our distributor WJ Telecom of Manila have indicated
they will have an order for a 2000 line switch for a resort development
in Eastern Philippines in the next 30 days.
VENEZUELA & COLOMBIA - An agreement was reached last week to
appoint Advantel Communications C.A. of Venezuela to carry the
complete line of Howell products including PBX, key systems and
telephones for distribution in Venezuela and Colombia.
Advantel is presently in the telecom sales and service business and
has an immediate requirement for new and refurbished equipment
for which Howell has become their sole supplier. The first container
of telecom equipment for Advantel will be shipped to Venezuela
within the next 30 days.
During meetings in New York last week Kevin Howell introduced a
Las Vegas based group involved in the telephone, internet and
gaming business to Network Programs, a provider of
communications hardware and software for wireless local loop
telephone services. The Las Vegas group have licenses to
develop telephone systems in three countries in Central and
South America. Howell has been asked to provide a quote on
a large Central Office switch (30,000 lines) for installation in
Central America.
Network Programs of Piscataway NJ is also the owner of a
proprietary hospitality and gaming system called 'Golden
Vision.
Golden Vision has agreed to give Howell International
exclusive marketing rights for the Golden Vision hardware/software
'platform' system for Nevada, Texas, Guatemala and Venezuela.
The Golden Vision 'platform' system provides complete interactive
services for the Hospital and Hotel/Gaming industry. Their system
provides complete accounting and billing services but goes far
beyond that by providing in the case of hotels such features as 3-D
TV in each room, movies on demand, internet access, full and
direct interaction for all hotel services including dinning and
interactive gambling whereby the guest is able to gamble through
the TV in his room directly on the house tables in the hotel's
casinos without leaving his room. All debits or credits are
automatically put on his hotel bill. The Golden Vision system is
the only one available world wide with a full interactive platform.
In less than a year they have received more than $25 million
dollars in contracts to be installed in over 200 hotels throughout
the world.
Howell expects to get written confirmation within the next 2
weeks of a demonstration installation of the Golden Vision
system in a Las Vegas casino.
Triquanta will continue to keep you updated on the progress of
these recent developments. Management considers Triquanta's
stock undervalued at present prices and urge the aggressive
investor to consider this company for his/her emerging growth
portfolio.
Triquanta is also in the process of doing a small working capital
financing for $150,000. If you are interested in all or part of this
financing please contact us directly.
For further information, a quote or the name of a broker that
follows Triquanta please call:
Warren Smith at: 1 800 719 9960 or:
TQTAlberta@aol.com
TRIQUANTA INVESTMENTS LTD
Symbol: TQT
Alberta Stock Exchange |
