Brad,
Gotta like these tidbits...
services for DCI throughout Spain, England, Canada, Mexico and the Far East through their international operating affiliates - MarcaTel in Mexico and Storm in Europe.
Under the agreements, DCI has a call option to repurchase the 4.25 million shares of its stock from IXC through April 1, 1999 at a price of approximately $18 million. In the event the call option is
not exercised, there will be an adjustment to the number of shares
owned by IXC on June 1, 1999 if the 15-day volume-weighted average
price for the shares is outside of the range of $4.20 to $5.88. After
the adjustment, if any, IXC will own shares of DCI with a minimum
value of approximately $18 million (if the price is below the range)
and a maximum value of $22 million (if the price is above the range).
Larry Shatsoff, vice president and COO of DCI, stated that this
agreement with IXC is a significant step forward for DCI in its quest
to be an international facilities-based service provider.
WOW!!! This is a truly significant step forward for us, I can't wait for our version of the news to see what other interesting facts might come out.
LONG AND STRONG!!! GO DCTC!!!!
Bruce |
