Roger & John... Articles on Teletek in "Dick Davis Digest", Jan. issue &
"The Moneypaper", Jan, issue. The Moneypaper states that they sold the public
telephone business & concentrating on it's subsidiary, Hi-Rim Communications.
They provide domestic & international long-distance service. Hi-Rim became
active in 1995. July revenue was $843,000, Aug. was $1,258,000, Sept.
was $1,803,000 & Oct. approx. $2,200,000.
First qtr. ending Sept.30, net income was $435,611, 2nd. qtr. ending
Dec.31 management projected 5.5 million with profits of $575,000. In
1996 they est. 20 million. They are licensed in 22 states & applications pending
in 17 others. It has "turned up" international 800 service from 40 countries with
additional 23 expected soon. Teletek has a DSC DEX 600SC switching system
in Las Vegas & another will become operational in Feb. A third will probably
will go into southeastern Location. |
