Well, here's ONE reason:
Business Wire
CATALYST COMMUNICATIONS ANNOUNCES
$25,000,000 CONTRACT
SARASOTA, Fla.--(BUSINESS WIRE)--June 19,
1997--CATALYST
COMMUNICATIONS, INC. (OTC EBB:CLYC.O) 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.
--30--pp/mi*
CONTACT: RMJ & Associates
Chris Skipper, 281/596-9000 |
