IVOC - Visual Telephone International Message Board

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Microcap & Penny Stocks : IVOC - Visual Telephone International

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To: TJG who wrote (3916)	5/18/1999 2:25:00 PM
From: Doug Bean	Read Replies (1) of 4815

TJG: Okay here goes,, I spoke with both Carl and Joel,, this is what i get from it. Carls s company will be autonomous all right and it will be publicly traded, he is seeking name and symbol recognition now. Where it will open is anybodys guess. he hopes to have the stuff worked out in the next 2 weeks. yes we will get the 1 for 4 exchange for his company vs VTPI share held. He is happy to be free to concentrate on his products and the system integration business he has built. The real bonus to all of the past VTPIs dealings is that ( in line with what Joel has always told us) THERE WAS NO DEBT! This simple fact is wahts allowing all this to occur so smoothly. Carls CRI has the potential to become a very profitable company on its own not having to support VTPI. His shares will have some worth after its more clear what his company will do in revenue. Now to Joels side of the business. The merger with IVT is a sweet deal for us stock holders (IN MY OPINION) we get 1 for 1 shares exchange from VTPI and what we get is: A company who did just over 1,000,000 in sales last year Vs the 100,000 in sales that VTPI did. IVT made a profit in the hundreds of thousands last year VS a considerable loss at VTPI. IVT has about 4 million in assets vs VTPIs roughly 1 million. Both companies CRI and ivoice.com will market the Visual EZ II system in addition to their existing business, which opens up some new opportunities. Joel believes that the combination of iVOICE.com and IVT can do between 2 and 3 million in revenues next year. Joels main responsibilities will include finding a strong investment banker who will help hold the stock value and be a source for funding for future expansion and acquisitions. the new partners ( Jerry Mahoney et al) want to be aggressive about pursuing additional companies who may have synergies but lack funding or direction which this new company may be able to offer. Joel will be looking to uncover these companies and be the point man in negotiations with them. In short both Joel and Carl sounded very positive about what they consider the future to be for both companies. Both feel they have protected the stockholders well and that there is a great deal of potential here. I asked Joel about the NAZ listing mention in the release. He said it was a "goal" and that he wanted to move the company iin that direction because that would be the strongest position that he could put the company in . He also said that he would not do so unless and until he had the backing of a strong investment bank who would help hold the value above the minimums required for the NAZ "small caps" listing. He is aware that his will not be occuring soon but it is a direction he wants to move towards. Again to summerize: Both men feel this is a good deal for them and the stockholders. VTPI was not profitable and they saw many more months of no profits in the future. There was and is no debt to pay off. WE get stock in two companies that are profitable. CArl has many clients he can now concentrate on doing more for. Joels job is to expand this new company with acquisions and mergers. The price of VTPI stock is high enough that those who want to sell may do so and feel pretty good about it. Those who don't have the "milk money" invested and feel like continuing the adventure ,, have something to hang their hats on. And YES,, the stock distribution for CRI will be based on those holding stock on this next Friday the 21st. CRDoug

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