Go read Dow Jones and see why SA is buying TALK like crazy ,,,
ASCT another take over baby ,, that will double ?
Tel-Save.com Reports Enhanced Financial Position
NEW HOPE, Pa., Dec. 16 /PRNewswire/ -- Tel-Save.com, Inc. (Nasdaq: TALK), the nation's largest e-commerce telecommunications company, announces reduced debt levels below $300 million and still maintains over $100 million in cash and marketable securities (including notes receivable). The company also predicts positive cash flow up to $10 million in the first quarter 1999. The company continues to be very successful in the repurchase of its convertible note (debt) but does not know how successful it will be in the future repurchasing more as the price of the note continues to rise dramatically. The company also believes its total stockholders' equity (book value) might increase as much as $100 million and will report positive earnings for the fourth quarter 1998. Lastly, the company believes it has more revenue than any other labeled e-commerce company. The company has approximately $1 million of revenue per employee on an annualized basis.
Tel-Save.com, Inc. is a leading e-commerce telecommunications provider through an exclusive arrangement with America Online, Inc. and utilizes its own state of the art telecommunications network -- One Better Net ("OBN"). Tel-Save.com headquarters are located at 6805 Route 202, New Hope, Pennsylvania 18938.
SOURCE Tel-Save.com, Inc.
CO: Tel-Save.com, Inc.
ST: Pennsylvania
IN: TLS MLM
SU:
12/16/98 09:47 EST prnewswire.com |
