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Gold/Mining/Energy : TS TELECOM (www.tstelecom.com): ASPIRING TELECO -- Ignore unavailable to you. Want to Upgrade?

To: Far Side who wrote (786)	9/22/1999 4:39:00 PM
From: speculatingvalue	Respond to of 1762

The press release makes it sound like revenues will rebound soon: "Fortunately, the consolidation of the competing regulators is now largely complete and we are seeing an increase in telecom investments once again." "The Company's research and development efforts were reduced because its primary project, an automated fiber optics monitoring system, was placed in field trials in the latter half of the 1999 fiscal year and is nearing the commercialization stage" "At June 30, 1999,T S Telecom has approximately $2.3 million of undelivered contracts on its order book. Substantially all of the Company's backorders at the end of the first quarter are expected to be finalized in the second quarter of this fiscal year. The Company records the revenues and costs associated with undelivered contracts upon shipment to customers." "With the telecom consolidation process now nearing its completion, telecom investments in China is on the rise and the Company fully expects to realize the benefits of its efforts in the ensuing months and years."