That is good news indeed! Actually, I was aware of a legal fight with
USTEL but the company annual report had said that bringing the case
to trial would take several years. Maybe that's the one which has
been settled.
Anyway, ever since I saw the annual report, all I could think about
the stock was "gimme some." Really, the company's future seems that
good. In the investment package was included a recent recommendation to buy
by the "Savvy Investor" and a friend of mine, who is also an avid
stock investor, said that a stock newsletter that he received had
chosen TLTK as the stock pick for 1996.
Regarding Roger's question on what the company does, most of the
revenue for the company comes from its subsidiary Hi-Rim Communications
which offers long-distance services at substantial discount from the
rates offered by the larger telephone companies. They offer pre-paid
long distance calling cards to 240 countries, wholesale intl direct
dial to small and medium long-distance carriers, and retail intl direct
dialing to larger multinationals. They use their own switching
equipment, have a DSC600 which is considered top of the line in
switching technology and plan to have another one become operational
in February, probably paid for in November. I expect major revenue
increase then.
On a personal note, I think that I may be using a service very much
like the one provided by Hi-Rim. I have a long distance calling card
to India which seems to have a really growing market in the Indian
community -- when I went to get my access codes, the company was
having problems getting enough of them from whomever they dealt with.
But to give people some idea of the cost difference, with this card
it costs me about .37/minute vs 1.50/minute with other long distance
carriers. In other words, just the pre-paid cards alone would be
hot stuff. I always wondered where the companies doing this business
get their long-distance service from. I guess now I know! |
