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Microcap & Penny Stocks : cysi - CYSI - CYBERFAST SYSTEM -- Ignore unavailable to you. Want to Upgrade?


To: dumbmoney who wrote (90)9/19/1999 2:55:00 AM
From: Crispin  Read Replies (1) | Respond to of 97
 
I notice (finally) that Cyberfast are to add financial statements
by amendments, sometime later. Maybe they weren't quite ready?

IDT inc. is listed as their largest current customer. This seems strange since the chris Byron article states about an interview
with Mr. Stackpole:

"When I
asked him who Cyberfast's main competition was, and
which rival watched his company most closely, he named
the Net 2 Phone operation at New Jersey-based IDT
(IDTC:Nasdaq). But a check with sources at IDT revealed
the company knew nothing of Edward Stackpole or
Cyberfast."

Maybe they have had a change of heart, since, from 10SB:

"We currently operate under an agreement with our largest customer,
IDT, Inc. which has accounted for all of our 1999 revenues"

or of course this idt might not be idt (NASDAQ:IDTC)?

How about the last big customer "Star Telecom" anyone know
anything about them?

Crispin

ps I still find this puzzling!



To: dumbmoney who wrote (90)10/5/1999 4:01:00 PM
From: dumbmoney  Read Replies (2) | Respond to of 97
 
Cyberfast Systems, Inc. Voluntarily Ceases Operations Of Circuits In Third-World Country

BOCA RATON, Fla., Oct. 5 /PRNewswire/ -- Cyberfast Systems, Inc. (OTC Bulletin Board: CYSI - news; the ''Company'') announced today that its current operational circuit in the Caribbean, which was generating revenue, had ceased operation on August 8, 1999. According to Edward Stackpole, Chief Executive Officer of Cyberfast, the Company, it voluntarily ceased operations in this country as a result of a change in administration within the country for a new more favorable contract option. The temporary loss of revenue should be offset by the addition of two new circuits scheduled for the October-November timeframe.

The Company provides state-of-the-art Voice Over Internet Protocol Telecommunications services from the United States to certain third world Countries where the Company's relationships and existing telecommunication rights provide a competitive advantage.

Certain statements contained herein are ''forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions, competition and other uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings.

SOURCE: Cyberfast Systems, Inc.