Wavetech Inc. (Nasdaq : ITEL) just had a reverse merge with profitable Imagitel Inc. ($40 MM revenue in 1997 and $6 MM in 1996). It can be very interesting.
Business Summary
Wavetech creates interactive communication systems through the application of ''intelligent call processing'' technology and proprietary software. For the fiscal year ended 8/97, revenues rose from $20 thousand to $866 thousand. Net loss fell 12% to $1.6 million. Revenues reflect higher installation revenue and resale of international long distance minutes. Net loss reflects increased expenses due to the installation of the Interpretel system, and increased advertising expenses.
52-Week Low: $0.313
Recent Price: $0.50
52-Week High: $1.031
Daily Volume (3-month avg): 54.2KShare
Market Capitalization:$6.63M
Shares Outstanding: 15.1M
Shares Floating: 8.6 M
For their recent price, charts and news release, please check the following link:
biz.yahoo.com
For their recent SEC filings, please check the following link:
sec.yahoo.com
SI thread, please check the following link:
Subject 7739
Company address: 5210 E. Williams Circle, Suite 200
Tucson, AZ 85711
Phone: (520) 750-9093Fax: (520) 750-9110
Officers: Terence E. Belsham, Chmn.
Gerald I. Quinn, Pres./ CEO
Lydia M. Montoya, CFO
Richard P. Freeman, VP-Investor Relations
Donna S. Moore, VP.
James |
