Spoke with Tom Burgiss (sp) CEO for quite sometime. I will be flying out to Newport very soon to meet with them in greater detail. Tom previously was with Network Plus outside of Boston, and most recently with Time Core out of Atlanta area recently purchased by verifone.
His background is starting up small companies and making them grow.
Neil Miller, Chairman is from London, and he and his group invested $5,000,000 to start the company, and the company in fact does have $28,000,000 projected for acquisitions in 1998.
The goal set by Miller and group is to reach the large sales figures
previously projected. Tom is executive v.p. of NETZ and is President
of echomedia.
Echomedia currently has 4 engineers in the headquarters and are interviewing a 5th to join the company. The company has 3 in support staff, controller, general manager, and upper management.
Roger Fierling heads up the west coast office and has hired sales staff. They currently are at the comdex show. At Universal, the key officers are Charles Rose and Ben Riser.
The accounting firm is Flint Financials in Newport and they are completing the audited statements. Banking is done through Citizens Bank, previously were with Fleet Bank.
They have been meeting with Investment Banking Corp regarding funding structures for future acquisitions and advice.
Proctor and Gamble is the households products company that they currently have a small contract with, and anticipate a larger one to close shortly.
I will be getting names and numbers shortly of the name accounts to contact shortly. I will be speaking to Mike Giovia at Bellcore soon, as well as Honda...
They are aware of the reputation of A & T, because of the H deal, but had an agreement with them before this news was disclosed, do not like the fact of it, but are very pleased with the work they are doing for them, and are judging them on that. They made their bed and will sleep in it during the coarse of the agreement.
I have found Wall Street Equities, Jim and Ron, very helpful to date, and do not have anything negative to say about them, except for possibly the choice of words used during the argument with TokyoMex.
Their version again is slightly different, and one has to make their own decision as to its importance regarding the company's future.
I asked specific questions looking for hype or inconsistencies, during my conversation, and none were there. After my conversations with the
customers, at this point, I plan on buying more stock and meeting with them. |
