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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
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To: Fred Rollins who wrote (461)12/8/1997 8:10:00 AM
From: Michael T Currie  Read Replies (1) of 6931
 
I have received an email from Scott Cameron (Director of Investor Relations for ITI if you don't already know). Several interesting bits of information:

Shares outstanding - 18MM -- we already knew this

Float - 11MM -- last figure I had heard was 14MM, but Scott said that "As it stands now we are now selling from market to established clients". Does this mean that shares are being taken out of the float and placed in `friendly' hands?

They will close the Denver office in a couple of weeks and the LA office on Jan 31. These closures are a direct result of ceasing to sell treasury shares.

Q. You state in the release that you expect at least $70,000/month in net profits from the existing AT&T contract. Is this the net portion of the overall gross from AT&T or does it include your operating expenses as well? I am using $100,000/month as a working figure for the latter.
A. Correct.
Note my questions and the answer. Figure out which assumption is "correct" - go ahead, I dare you <g>. He did state later that net earnings are expected to be over $70K/month from the start.

ITI will become a reporting company during 1998 (hooray!)

Q. What is AT&T's motive in referring customers to you? Do they hold an equity share in TSIS? This is not intended as a display of suspicion. I simply wish to know why and how you were so fortunate to gain such a beneficial corporate Big Brother.
A. AT&T doesn't want to tell client's they aren't set up to perform such functions so they refer them to us.

Mike
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