Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : dba Telecom's SmarTalk ranks better than Nortel/Lucent/Mit -- Ignore unavailable to you. Want to Upgrade?

To: lwk who wrote (480)	9/3/1999 8:35:00 AM
From: lwk	Read Replies (1) \| Respond to of 553

Q2 99 Results Announced John r. Henderson, President and CEO of dba Telecom Corporation (the "Company" or "dba Telecom"), announces its financial results for the six months ending June 30, 1999. Total revenues for the period were $3.0 million, a 40% increase over the same period in 1998. The Company significantly increased its product development and sales teams during this period resulting in higher expenses and a loss for the six months of $842 thousand. John R. Henderson, President & CEO, stated "We are committed to delivering quality products and solutions and being a successful player in the telecoms equipment and network services markets for the long term. The investment necessary to achieve these goals, both in financial and manpower terms, has impacted on our short term results in Q2. We are committed to building long term relationships with our key customers which will generate sustainable revenues for many years to come and anticipate the se initiatives will lead to substantially improving revenues in Q4 and next year." The company also announces the resignation of Garrett Lambert as a director of dba Telecom Corporation. The board appreciates Mr. Lambert's contributions and will be announcing a successor shortly. dba Telecom delivers innovative telephony solutions to its customers around the world. As "The SmarTalk(TM) Company", dba Telecom provides a unique range of intelligent network handsets for use in a variety of applications in the Centrex and Commun ication Server markets. The company has "one office in five countries" to serve its customers. The majority of dba Telecom's team is located in Vancouver with additional sales and support members in Atlanta, Hong Kong, London and Sydney. Since 1979, m ore than 350,000 dba Telecom telephones have been installed in over 30 countries. dba Telecom Corporation is a public company, trading on the Vancouver Stock Exchange under the symbol DBA.