Subject: Re:Good News + Mikey swingin' in the wind??
Date: Fri, Sep 11, 1998 20:02 EDT
From: JColejr114
Message-id: <1998091200025200.UAA19012@ladder01.news.aol.com>
Forwarded Message:
Subj: Re: Checking in on VTPI
Date: 98-09-10 18:58:46 EDT
From: callcri@ix.netcom.com (carl@vistele.com)
To: MStrick665@aol.com
Hello Michael, good to hear from you. I can answer most of your questions.
Regrettably the stock has taken quite a beating, most recently caused by the
world economic situation. Bulletin Board stocks tend to deplete very rapidly.
Major Projects we have in house presently happen to be with clients who
forbid using their name in any promotion or press of any kind. I am not
going to jeopardize a client and a project to have a short term increase in
stock, then lose the client and project, that's dumb!
We have a firm foothold in the industry, we are proceeding with our show
schedule and working with our Federal clients. In the Federal area, Bob has
been instrumental in opening the door on a number of projects.
Communications Research, Inc., a subsidiary of Visual Telephone
International, has a backlog of business that reach's into mid 1999.
Basically I have a huge backlog and will have to add to the engineering and
technical staff in the coming months as we ramp-up for the construction
phase on these projects.
As to acquisitions, Visual Telephone had been working to acquire a company,
Viaplex and the Russian economy collapse managed to nuke that real good. We
will revisit it a month from now and see if the window of opportunity is
still open.
As to the Pickens suit, there was an attorney conference with the judge on
Tuesday. Pickens has one month to produce information, no further
extensions will be granted by the court. The attorney indicated the trial
date will likely be in January, 1999.
Essentially we are continuously going forward, we are not going away.
Carl R. Ceragno, CEO
Visual Telephone International
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