DCTC shareholders,
The company updated their FAQ
Frequently Asked Investor Questions
dcic.com
Last update: February 26, 1999
How does being an OTC Bulletin Board company affect DCI?
Since 1996, DCI management has expressed its desire to ascend above the OTC Bulletin Board (OTCBB). We recognize an investor's concerns, and realize those concerns can become magnified when investing in an OTCBB company. Investing in an OTC Bulletin Board company usually means higher risks along with harder to find information - a potentially dangerous combination. It is very difficult for an OTCBB company to obtain quality research coverage, which translates into minimal exposure.
One way to alleviate that problem, a practice that has gained popularity over the years, is the use of the Internet to research a company. While this medium has proved to be a wonderful news source, it has also become a breeding ground for mis-information and deceit. The anonymity provided by the Internet allows incorrigible individuals an opportunity to achieve their personal agendas. Thankfully, there has been a crackdown on its misuse, but the potential for deception still exists. As it has advised in the past, DCI advises all current and potential shareholders to obtain information directly from the company. The Internet provides an opportunity to share and discuss a company's past, present and future, however, all of this data should be confirmed through personal due diligence. The company in question is the place to go for concrete answers. If you prefer, licensed broker/dealers, and/or certified financial planners can help contact a company and are also excellent sources to help sift through the data you compile.
Here at DCI we empathize with your plight and try to make all of our public information as easily obtainable as possible. From the beginning, DCI has tried to conduct company business as if it were a New York Stock Exchange company, because that is the background of the majority of the corporate officers. Besides creating detailed annual reports, and holding its meetings to easily accessible locations, DCI has also used the following to make your due diligence process as easy as possible:
· a continuously updated web site, loaded with company profile, frequently asked questions, industry comparisons, and complete access to all historical financial statements;
· periodic letters to keep our followers informed and the lines of communication open.
DCI is not selling the cure for cancer, nor does it make any such grandiose claims. We are just a telephone company, striving to increase our market niche as we expand our infrastructure. Doing this, while attempting to sustain profitability, has been the real challenge. A great article appeared in the Wall Street Journal on February 24, 1999 - page C1. We strongly recommend you read it.
DCI has tried to surround itself with quality personnel, top consultants while forming strategic alliances with the likes of IXC Communications and Retevision. For years now, we have the premier stock watch/proxy solicitor in Morrow & Co. monitoring our common stock and assisting with proxy solicitation. We protect our interests with the efforts of nine law firms including Whitman Breed Abbott & Morgan and Holland & Knight. To better serve our shareholders, we have hired American Stock Transfer and Trust, the country's largest stock transfer agent, and use two firms to assist in our due diligence, including Grant Thornton,. A.G. Edwards, the number one ranked full-service broker as ranked by Smart Money in December 1998, conducted our "buy back" program and currently manages our employee benefit program in connection with MFS Retirement Services, Inc.
We have done all these things to differentiate DCI from the rest of the OTC Bulletin Board. At all costs, we avoid the hype that can tarnish a company's image. In Internet jargon, we avoid "pumping and dumping" scams and have taken action against those who have tried it, regardless of who attempted it. We found managing our own investor / public relations, as opposed to outsourcing this function, to be a far better use of our funds. In that way we can preserve the image DCI has worked hard to create, and present our shareholders with a unified and reliable voice to communicate with. As we wait to complete our pending merger with Wavetech, (Nasdaq: ITEL), we invite you to contact DCI's investor relations department (203-380-0910, Ext. 7000 or InvestorRelations@dcic.com) with any questions you may have.
Since you are rapidly building infrastructure, are you also adding personnel?
We are currently looking to add quality personnel. In fact we are conducting a search for a president for our European operations. The ideal individual must be bi-lingual (Spanish and English) and have senior management experience with a major telecommunications company. For more information on available positions please refer to the Employment Opportunities section of DCI's web site, which will be available shortly.
How does DCI's growth rate compare to the rest of the industry?
DCI is experiencing nearly a 250% growth rate for the trailing twelve months which is far superior to the rest of the industry which is growing at 24%. However, this explosive growth rate should start leveling off as the Company matures.
What is the status of the SmarTalk lawsuits?
DCI is involved in the class action suit, as well as an individual lawsuit regarding a "short change" of shares. With respect to the latter, SmarTalk filed a counterclaim which, in our opinion, is a delay tactic. DCI is on the creditors committee and is seeking to get on the creditors committee in bankruptcy. Needless to say, DCI is following the events with AT&T's proposed acquisition very closely.
How long before the current quiet period ends?
It depends on certain developments. Since DCI does not directly control all aspects, we cannot control the timing of necessary events. Therefore, the Company estimates that the current quiet period should end in approximately five weeks. |
