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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (3415)	2/14/1999 10:56:00 AM
From: Bill on the Hill	Read Replies (1) of 57584

So many picks - So little time! TNTX - Primary business is contractual communications services with correctional facilities. They also have developed software for voice recognition securities. (Big Brother is watching type stuff) TNTX third quarter filings shows that their calls place dropped by 18,000 calls from 255,000 down to 238,000 primarily due to losing contracts to a competitor in Dallas, Texas by the name of Gateway Communications, Inc. biz.yahoo.com Thursday TNTX of Englewood, Co. bought its main competitor for the correctional facilities contracts for 35.2 million. TNTX issued common shares totaling a little over 4 million and assumed a little over $10 million of Gateway debt in the transaction. Gateway will become a division of TNTX and will continue with all employees, salespeople and the CEO of Gateway will become a board member of TNTX. biz.yahoo.com TNTX on Friday traded at its three month high. I have talked with key service and sales personnel of Gateway and the excitement of the purchase because of the alignment and fit between the two companies will give them a nationwide edge in this lucrative communications market. quote.yahoo.com TNTX appears to me to be headed for a breakout with the finalization of this agreement. The only item I need to know about is whether or not the 4 million shares issued for the purchase are restricted from trading and for how long. I will be in Denver today and possibly tomorrow and within a few miles of the headquarters of TNTX and will be stopping by to chat with them. Let me know what you think Rande. Looks interesting to me. Bill

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