To: Takeover who wrote (18 ) 6/28/1999 2:27:00 PM From: Goalie Read Replies (2) | Respond to of 107
Hello Takeover:FYI -- Did you see this NR from Capital Research group? Capital Research Group Initiates Buy Rating On Innofone.com - OTC BB: INNF WESTON, Fla.--(BUSINESS WIRE)--June 22, 1999--Capital Research Group Inc. a reputable public relations company specializing in OTC companies initiates a ''buy'' rating on Innofone.com (OTC BB: INNF). Capital Research believes that Innofone.com offers exceptional short and long term growth potential for the following reasons: INNF is involved in internet telephony which industry experts tout as the hottest opportunity on the internet for the next five years. During 1999, the Company intends to be known Canada-wide as a top network marketer of Internet-based communications products and services. Aside from Internet telephony, Innofone.com plans to carve out a niche in the burgeoning telecommunications industry marketing local line and long distance service. There are four major competitors in the telecommunications field: Bell Telephone (NYSE: BEL - news), ACC TelEnterprises Ltd., a wholly owned subsidiary of AT&T (NYSE: T - news), Optel Communications, a privately held company and MetroNet, a Calgary based company which recently merged with AT&T (NYSE: T - news). The total number of telephone access lines in Canada is close to 17 million, generating approximately $6.5 billion in revenue. Business service accounts for approximately 30 percent of this figure. Innofone.com forecasts a 1.5 percent market share by the end of year one, building to over 5 percent by the end of year three. Local revenue per line across Canada rose an average of 6.1 percent in 1995 moderately higher than the 5.6 percent rise in 1994. Regards. Goalie.