That's a bit of Greek there, but one huge line that jumped out at me was,
The company has also agreed to use its best efforts to provide Vancouver Telephone with $5-million in a second financing within six months from the closing of the initial investment at a minimum issuance or conversion price of $2.50 per First Telecom share.
If this is half the score it seems cracked up to be, ... hmmmmmmmmmm!
(er, ....,,, boing!)
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More NR excerpts:
Vancouver Telephone, its Canadian subsidiaries VTC Canada, Enhanced Telecom Services Inc., and its U.S. subsidiary Sattel Global Networks Inc. consolidated revenues for fiscal 1998 are estimated to be over $17 million. Vancouver Telephone and its Canadian subsidiaries VTC Canada and Enhanced Telecom Services supply long distance service, local line access, internet access, travel cards (calling cards) and telecommunication equipment, business phone systems, prepaid telephone cards, Clearnet digital PCS phones, and presently have over 12,000 active customers with approximately 25,000 lines in service in British Columbia, with a further 3,000 active customers in the Metropolitan Toronto area (the Toronto office opened in January 1998)...
During its first 12 years of operation Sattel had approximately $150 million in total sales... With key customers planning to greatly expand their DAMA networks immediately very significant sales growth potential is anticipated...
SCPC-DAMA is widely recognized as the most cost effective and flexible telecommunications system for wide area thin-route traffic networks. Its use is rapidly expanding in third world countries. As a result, Sattel's SCPC-DAMA satellite terminals cover most of the globe, operating in over 400 cities in Asia, the Pacific, and Central America...
Sattel's earth station installations for public and private networks are located in over 20 countries including: Australia, China, C.I.S.(Moscow), Cook Islands, Fiji, Guatemala, Indonesia, Kazahkstan, Kiribati, Marshall Islands, Nauru, New Zealand, Nigeria, Niue, Philippines, Sakhalin Island, Syria, Taiwan, Tuvalu, U.S.A., and Western Samoa.
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Anyone out there have a clear(er) interpretation?
( !! )
Cheerio,
-j
:>
ps, I see the weblinks in the NR--
- Websites to view are -
Vancouver Telephone Company Limited:
vtcinet.com
Sattel Global Networks:
sattel.com |
