<ISDN> HAS THE ONLY CD QUALITY SOUND TECHNOLOGY OVER THE INTERNET!!!!! and they are going for it next week!
Ok, here's a more well thought out post, after pouring over my notes taken during a one hour conversation with CEO today
Spoke to Irwin Roth, CEO, for over a hour. He has been travelling and in talks for over two weeks, so it was hard to get any information unti now. We covered everything from the lousy MM's and fixing the lousy BID/ASK spread, to better updating the shareholders as to what the company is up to (SEE BELOW)
Suffice it to say, that they have a leg up on the competition in 2 HUGE areas:
1) They are the ONLY COMPANY to have a CD-QUALITY SOUND over the
Internet.....much better than the fuzzy Real Audio stuff. Many companies want this technology, and it is the basis for their current major focus on the oen site for PAY PER LISTEN, live concert broadcasts. They have already worked a Stevie Wonder, Gladys
Knight, Smokey Robinson and other FREE concerts, but starting next week PAY PER LISTEN starts. Looks like a great revenue stream....site is being modified and will be back up soon with "ticket prices". Demand for this service has exceeded expectations!
They also have another interesting area of use with their INDUSTRY BEST, CD QUALITY AUDIO technology. That is, the ability for people to listen per song or per entire CD for a fee, before deciding to buy! Many people will do this, so that they don't waste $15 per CD. This is part of their upcoming KTEL-like Music Club... Prices are 75 cents per song
or $3-4 for the whole CD listen. I don't believe a launch date is set for this.
2) What also blew me away is that they have a technology to do Video On Demand over the Web at a "full 30 frames per second" with high resolution. This is killer and will lead to many alliances and a whole VOD (Video on Demand) business with proprietary set top boxes and the works. Their already have tons o' movies in their library and are doing work for a major TV network you all know. This of course won't happen right away, but they have the main technology now!
3) He also spoke about their business in California setting up ISDN lines for high speed internet access for businesses and had many neat plans there, too, including Video Conferencing. Talks with several major Networking and other names that you have heard of for a possible $35 million joint venture. This area is a way off, as they focus first on usage of their Superior CD sound to make great revenue for the company....now!
LOTS HAPPENING and Mr Roth is a very experienced, talented, saavy, and nice guy....I enjoyed our talk. He was actually a Securities Lawyer for over 35 years and seems to have all the tools and technology to make these ventures go! No hype either, which I liked.
PS: I spoke to him about the lousy MM's. He will hopefully be doing something about the big spread on the stock price...he promised to check into it.
Also news will be released much more regularly...including LAUNCH NEWS VERY SOON OF THEIR PAY PER LISTEN website. I saw and HEARD the demo site and the thing is great!
52 week high was nearly $5.00, great buy at $1,50? You decide. |
