TO ALL.....please give some feedback good or bad...
This is a little wordy but it might have some potential.After todays press release the
stock shot up on only 61,000 shares.It had a 52 week high of $23 back in early
October.I think there might be allot upside movement in the stock ,both long term and
short.I would appreciate any feedback on this.It was up 25% today.
Thanks
LouieD
remember...team work is the key!
Thursday March 26, 2:37 pm Eastern Time
Company Press Release
SOURCE: Erawest, Inc.
Erawest To Finalize Merger Talks By April 27 & Announces
Release Of Networld Internet Access, AUD$0.39 Per Hour,
The Cheapest In Australia, All At 56K
BOSTON, March 26 /PRNewswire/ -- Erawest, Inc. (OTC Bulletin Board: ERAW -
news)
announced merger talks are continuing with one of the country's largest
telecommunications
corporations. Erawest Chairman Nicholas P. Flower said that although he is bound by
confidentiality
agreements while the talks progress, the process is moving on schedule and at this time
he is
confident that a final settlement will be reached by April 27, 1998.
Erawest announces, in a sweeping expansion move to win the market, ''Dynamic Bell's
Networld'' a
subsidiary of Erawest, will be opening up additional POPs in each of the major capital
cities in
Australia. This is due to the enormous success of Networld in Sydney and the constant
public
demand for its services in the other major capital cities and regional areas. After opening
its first
POP in Sydney, Australia, it has been hailed by experts as the cheapest, fastest and
most reliable
Internet service in the Asia Pacific region; access is only AUD$0.39 per hour, the
cheapest in
Australia, according to Erawest. Touting all 56k flex modems, the company's
revolutionary success
has already spurred the announcement that ''Dynamic Bell's Networld'' will go national.
''We have always maintained that the Internet should be cheap and easy for everybody,''
said
Flower. Flower also stated that, ''The ridiculous prices the carriers Internet services
charge is
nothing less than a rip-off of all Australians. Imagine charging a customer $5 and saying
that's good
value! We will roll out nationally, opening about 10 POPs and become the premier ISP
of the
region. This will greatly enhance our core telecommunications package and move us into
the 21st
century continuing on target to meet all predicted corporate forecasts.''
The service will open in Melbourne, Adelaide, Perth, Brisbane, Gold Coast,
Wollongong,
Newcastle, Canberra, and Hobart. Additional infrastructure is immediately being added
in Sydney to
meet customer demands. Mr. Flower expects the additional rollout to occur over the
next three
months.
SOURCE: Erawest, Inc.
Background:
Revised: 09/29/97
Company, through wholly owned Universal Dynamics Pty. Ltd.,
provides fixed terrestrial, mobile and call back telecommunications
services in Australia.
Erawest, Inc. is the sole supplier in Australia for Net2Phone, an
advanced software technology that allows telephone calls from
computers to any phone in the world by switching through the
Internet. Co. is currently growing in Australia's telecommunications
market through mobile service, Internet access and acquisitions in
the U.S., Pacific Rim and Australia.
SUBSIDIARY: Wholly Owned--
Universal Dynamics Pty. Ltd.
INCORPORATED: in Nev. Aug. 5, 1987 as Wolverine Associates,
Inc.; present title adopted June 9, 1995. May 20, 1997, acquired, via
a reverse merger transaction, all of the capital stock of Universal
Dynamics Pty. Ltd. (UDP) in exchange for 8,000,000 Com. shs. As of
the same date, 4,000,000 Com. shs. held by a single stockholder
were cancelled. UDP was incorporated in Australia May 2, 1994.
Copyright c 1998, Standard & Poor's
ADDRESS:
150 Bridge St.
Glebe, New South Wales 2250 Australia
Phone: (509) 735-9092
PRIMARY STOCK EXCHANGE: OTC (Over-The-Counter)
TICKER SYMBOL: ERAW
TRANSFER AGENT: Fidelity Transfer Co., Salt Lake City, UT
EMPLOYEES: 31
SHAREHOLDERS: 300
INCORPORATION YEAR: 1987
INCORPORATION LOCATION: NV
PRIMARY SIC CODE:
4812 Radiotelephone communicatio
LONG TERM DEBT: $54,724 Notes Payable.
STOCK Auth. Shs. Outstg. Shs.
Common $0.001 par...........................20,000,000 9,990,000
STOCK DATA
STOCKHOLDERS: July 9, 1997, apx. 300. Theodore Boggs owned or
controlled 20% of the Com. and the Universal Technology Trust 60.6%
(6,000,000 shs.).
TRANSFER AGENT & REGISTRAR: Fidelity Transfer Co., Salt Lake City,
Utah.
TRADED: OTC Bulletin Board (Symbol ERAW).
DIVIDENDS: $0.001 par: No cash.
MARKET MAKERS: Brockington Securities Inc., Hauppauge NY; Fahnestock &
Co.,Inc., New York NY, Philadelphia PA, Scottsdale AZ, Princeton NJ; Gvr Co,
Chicago
IL; Hill, Thompson, Magid & Co., Jersey City, NJ, Chicago IL, Boca Raton, FL;
North
American Institutional Brokers, Fort Lauderdale FL; Public Securities Inc, Spokane
WA;
Wien Securities Corp., Jersey City NJ, Burbank CA, Englewood Cliffs NJ |
