The Meyer Group, Inc.
(732) 264-3433
UPDATE - September 16, 1998
VISUAL TELEPHONE INTERNATIONAL, INC.
(OTCBB: "VTPI")
We understand that Visual Telephone has been invited to display its state-of-the-art Video Conferencing Systems at the AFCEA TechNet '98 Symposium being held September 15th-17th at the Ocean Place Hilton in Long Branch, New Jersey.
Engineering Professional Service (EPS), a significant prime contractor for the U.S. Government, has given this opportunity to VTPI, who, according to our sources, has a very strong interest in promoting Visual's systems.
With the Government's 1998 fiscal year coming to a close in just two weeks and a substantial budget surplus allocated for Video Conferencing Systems for the Department of Defense still uncommitted, we have to believe the Visual Telephone will be the benefactor of some decent orders. Our reasoning is based on the fact that spear-headed by Robert Giordano, VTPI's products are now considered to offer significant advantages over the other products on the market as to bandwidth efficiency, integrated software packages and the ability to interface with external systems.
Bottom line: We believe that Visual Telephone International, Inc. could be a major player in the Video Conferencing "War", and accumulation of the stock at these levels could reap huge returns over the next few months. Near term, as this Company becomes better known, we could see a return to the recent highs of 25 cents.
|
