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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Adelle who wrote (39440)5/11/1999 5:51:00 PM
From: TWICK  Read Replies (1) of 120523
 
I'm checking out STGC, and I'm a little confused on today's news release. What is an "ethnic community". Is that the politically correct way of saying "urban community" ? lol

Startec Obtains $20 Million of Financing from Ascend
BETHESDA, Md., May 11 /PRNewswire/ -- Startec Global Communications Corporation (Nasdaq: STGC - news), a facilities-based provider of long distance services to ethnic communities in North America and Western Europe, announced today that it has obtained $20 million in vendor financing from Ascend to deploy Ascend's ATM/IP technology throughout its network.

biz.yahoo.com

I'm just trying to find out what future growth STGC may gain from developing these "ethnic communities".

Twick
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