Telebackup ( TBP ) to blast off! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Telebackup ( TBP ) to blast off!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ginger Bates who wrote (8)	8/1/1997 3:51:00 PM
From: Roger Steiner	of 58

Hello Ginger Nice to see that somebody else is interested in TBP. I still hold quite some TBP shares. TBP has excellent products and a huge potential (just check the numbers of a broker study I posted a few posts back), but it seems that they have problems to get their name out to the investors. The stock did also not react at all on the news (see below) that was released yesterday. Their partner, StorageTek is really a sound name in the business. At the moment I just hold my (long-term) position and whenever they get the attention of the investment community, I am sure, the stock will rocket... If you need information on their products, check out their homepage (www.telebackup.com) or send an e-mail to Mr Lynn Thurlow at lynn@telebackup.com to get a investor package. Hope we get some people in that thread. Roger News release from yesterday: Partnership with StorageTek Canada expanded Telebackup Systems Inc TBP Shares issued 7,270,000 Jul 30 close $1.45 Thu 31 Jul 97 News Release "Mr Byron Osing reports TeleBackup Systems has expanded its alliance with StorageTek Canada whereby the two companies will work together to establish a partnership offering remote data backup services (electronic data vaulting or EDV) to a wide range of customers. In May an announcement was made on a joint technology agreement to apply TeleBackup's technology to StorageTek's line of online and near-line storage products. In addition, StorageTek Canada was named as a reseller of TeleBackup's TSInfoPRO automated backup software which will be applied in StorageTek's new mobile backup application. A further project by StorageTek Canada and TeleBackup will also incorporate the TSInfoPRO software. StorageTek Canada will now offer EDV services directly to large corporations and indirectly to small to medium size businesses and individuals via a network of service providers. TeleBackup will earn a 40% revenue interest in the project by granting StorageTek Canada an exclusive licence to use the TSInfoPRO software for supply to EDV service providers and a non-exclusive licence for supply to end users of EDV services. The two companies have also agreed to a cooperative development effort where TeleBackup will modify and expand the current technology with the goal of producing a product family readily compatible with existing and future StorageTek hardware and software platforms. This new partnership provides the umbrella under which EDV service providers can readily deploy TeleBackup's TSInfoPRO technology. Potential service providers now have the choice of licencing the technology themselves or reselling the service. This requires minimum investment and will dramatically open up the market for TeleBackup in terms of the number of entities who will be marketing the service offering at the retail level. Based in Louisville, Colorado, StorageTek is the preeminent provider of network computing storage. The company's products and services are used to store, transport and secure more than 100 petabytes of the world's information, ranging from mainframe data to client/server applications to video and audio."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next