To: Stock Watcher who wrote (18187 ) 11/6/1999 8:45:00 AM From: hoffy Read Replies (1) | Respond to of 52051
TXCI NEWS. This is my pick for next week. I expect to see a big turn around in the next few weeks. This is a great opportunity to get into this company during this pull back. TXCI released the press release shown below on Friday after the bell. This company got crushed because it became out of compliance with the SEC rules for filing. Getting the (E) added after their symbol was a killer. I'm sure the MMs also used it to take the stock down. I still think the long investors will do very well with this stock. The company is growing 20-25% PER MONTH. They now expect 60 million in revenues for fiscal year 2000. Read all details below. -------------------------------------------------------------- NEWS OUT ON THE WIRE !!! TotalAxcess.com to File 10-KSB and 10-QSB Next Week OAKLAND, Calif.--(BUSINESS WIRE)--Nov 5, 1999--TotalAxcess.com, Inc. (OTC BB:TXCI) today reported that it is filing its 10-KSB with the Securities and Exchange Commission (SEC) next week and that the "E" placed after its trading symbol will be removed within two days of filing. The company said that it remains in good standing with all SEC requirements and that it will file its 10-QSB for the first quarter fiscal 2000 immediately following the 10-KSB filing. Details of the 10-KSB for the period ended June 30, 1999 will be available on the company's website and also on Edgar. TotalAxcess.com also noted that it intends to issue press releases detailing its significant top line improvements during both fiscal 1999 and the first quarter fiscal 2000. "We apologize to our shareholders for any confusion that the E symbol may have caused and reiterate that the business of TotalAxcess.com continues to proceed with accelerated growth momentum," stated company Chairman and President Joseph Monterosso. "In fact, this rapid expansion is in part attributable to our delay in filing -- we have solved this dilemma by hiring additional personnel for our accounting staff to ensure that we keep all of our SEC filings current in the future." TXCI explained that the successful implementation of its business plan continues to generate impressive sales increases, with results exceeding revenue expectations that target a growth rate of 20-25% per month. Monterosso also commented that the pre-paid phone card division is driving these phenomenal results, and increasing the company's current annualized run rate with $60 million in revenues now expected for the fiscal year ending June 30, 2000. An Oakland-based telecommunications and Internet marketing company, TotalAxcess.com, Inc. specializes in all facets of switchless, wireless and pre-paid telecommunications. This includes one-plus long distance as well as both telephonic and Internet-based lottery participation. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. CONTACT: TotalAxcess.com, Inc. John Steward, 510/286-8700 KEYWORD: CALIFORNIA