SOME GOOD NEWS!
Catalyst Communications announces $25,000,000
contract
Business Wire - June 19, 1997 11:07
CATALYST-COMMUNICATIONS CLYC %FLORIDA %COMED %TELECOMMUNICATIONS V%BW
P%BW
SARASOTA, Fla.--(BUSINESS WIRE)--June 19, 1997--CATALYST
COMMUNICATIONS, INC. (OTC EBB:CLYC) announced today a three year contract with
Tsunami Communications Corporation, a Florida long distance marketing company.
The arrangement calls for Tsunami to purchase 3,000,000 cards over the next three years in a
$25,000,000 transaction. Initial orders were received for 100,000 cards to be shipped by July 1,
1997 with an additional 500,000 cards to be shipped on or before September 1, 1997. Tsunami
Communications is in the business of selling 1+ long distance services and uses the cards as a
premium. This represents Catalyst's first major sale in the premium market, one of the company's
major markets.
As part of the transaction, Catalyst will also receive royalty payments and residuals from
Tsunami's customer base.
"It looks like the third and fourth quarters will be as strong as projected by the company," said
Carl Smith, Sr., Chairman.
For more information, please have your broker contact: Chris Skipper RMJ & Associates
281/596-9000.
CONTACT: RMJ & Associates
Chris Skipper, 281/596-9000 |
