when all else fails ... play a penny
bot just a 1000 in penny/ speculative account at 11/16
used profits from selling GW at 2 3/4 from 2 5/16 entry awhile back
still holding half of GW
Tuesday August 10, 9:36 am Eastern Time
Company Press Release
SOURCE: Telesciences, Inc
Telesciences, Inc Announces $1.5 Million Agreement
with Global TeleSystems Group
-- European Sale Through Channel Partner Steria --
MOUNT LAUREL, N.J., Aug. 10 /PRNewswire/ -- Telesciences, Inc (Nasdaq: TLSI - news), today announced that its mediation system has been selected by Global TeleSystems Group (''GTS'') (Nasdaq: GTSG; Easdaq; Frankfurt: GTS) one of Europe's leading providers of the full range of competitive telecommunications services for carriers and end-users. The sale was made through European systems integrator, Steria, a major channel partner of Telesciences and is estimated to be worth as
much as $1.5 million.
Steria will resell Telesciences' mediation platform along with additional software applications they have developed. The sale could generate additional revenue over the next several years as GTS' call volumes grow. Under terms of the sale, its overall value is estimated to be as high as $1.5 million over the next several years, as GTS reaches pre-specified call volumes. Initial revenue from the sale is expected to be recognized by January 31, 1999.
Andrew Maunder, President and CEO of Telesciences, stated, ''This sale through Steria represents an important step in Telesciences' move into the European carrier market. Steria is an important channel partner for us and is especially valuable because of our joint software development initiatives that have enhanced the value of our overall systems. This sale represents another successful step in our strategy to diversify our channels to market.''
Maunder continued, ''The sale to GTS highlights the value of our systems to carriers who not only need timely, accurate and reliable information about network usage but also need to cope with rapid industry change and consolidation. With our systems, GTS can manage an increasingly diverse array of switch types, acquired from different carriers' networks, and call volume growth from expanding European operations. All this can be done without compromising the integrity of billing and network usage data or disrupting the development of billing, fraud management and other business processes. Both European and U.S. network operators and CLECs recognize the competitive and strategic importance of these capabilities as well as the role they
play in revenue assurance.''
Commenting on the sale, Bernard Grauloup, Telecom Division Manager of Steria, stated, ''To provide GTS with a state-of-the-art mediation capability, we are relying on Telesciences' powerful and open mediation platform. It is flexible, scalable and cost-effective. And Telesciences applications programming interfaces (APIs) have made it easier for us to fully integrate value-added software application modules that provide call record correlation and other unctionality.''
Hitendra Trivedi, IT and Systems Director at GTS' Business Services Division, commented,'' With call volumes growing quickly, and aggressive expansion planned for the near future, we needed a system that could provide real-time data delivery and support intercarrier settlements, fraud management and other revenue assurance measures. Steria's solution, using the Telesciences mediation system, gives us the ability to cope with rapidly increasing call volumes and a wide variety of switch types and to manage day-to-day changes in our mediation needs.''
Serving telecommunications and information service providers worldwide for 30 years, Telesciences, Inc is an ISO 9001 Certified company. Telesciences is recognized as a leader in the provision of real-time billing data collection and processing, fraud management and traffic management systems. Additional information on Telesciences can be found on its home page at telesciences.com.
Steria, one of the top five IT companies in France, designs and implements IT solutions for the telecommunications, banking, transport, industry and power production, and insurance and the services sector. Steria was founded in 1969, and currently has
annual revenues of $254 million ($US) and over 3000 employees. More information about Steria is available at their website,
steria.com.
Global TeleSystems Group is a leading independent owner and operator of telecommunications companies throughout Europe.
GTS serves customers in 20 European countries and operates a broadband network with points of presence in 23 cities in Europe. GTS recently acquired Esprit Telecom, Omnicom and NetSource, which provide business customers with a wide range of voice, data, IP, Internet and other telecommunications services. The company is developing competitive local exchange carrier (CLECs) networks in Paris, Geneva and Berlin and has plans to develop at least 12 CLEC operations in Western Europe by year-end 2001. GTS also provides managed bandwidth and switched services in Europe to other telecommunications and Internet service providers and has announced a planned transatlantic joint venture. In addition, the company offers a variety of fixed line and mobile telecommunications services in Russia and the CIS.
This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, the volatility of international markets, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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