To: Stock Watcher who wrote (18807 ) 11/15/1999 12:22:00 AM From: Dave Heibeck Read Replies (1) | Respond to of 52051
SW After five days of catching and eating crab on the N. Ca. coast, I return to 350 posts to catch up on... Damn busy around here! My POW will be TVCP News late friday Friday November 12, 01:38 PM Eastern time Company Press Release Talk Visual Corp Signs National 'ISDN' Reseller Agreement With US Telecom Co.; Company to Market PictureTel Corp 'Swiftsites IIs' MIAMI--(BUSINESS WIRE)--Nov. 12, 1999--Talk Visual Corporation (OTC BB:TVCP) announced today agreements with Westcon Inc., - national distributors and suppliers of PictureTel equipment (NASDAQ:PCTL) - and National Leasing, Inc., to market "Swiftsite II" videoconferencing systems. In another development, the company has entered into an agreement with a US Telecom company, to resell ISDN (Integrated Systems Digital Network) transport services domestically and internationally throughout North America. Westcon Inc, located in Tarrytown NY, has annual sales in excess of 1 billion and is a national distributor for Nortel Networks, 3 COM, Lucent Technologies, Security Dynamics among others. The company is owned by Datatech Inc of Johanesburg South Africa, a 5 billion organization. Matt Collings, product manager for Westcon stated " We are pleased to work with the Talk Visual organization to expand the world of videoconferencing, into new applications and new markets." Talk Visual Corp operates Videocall Centers in key cities in the United States and around the world, offering Videocalling services to the general public. The company intends to utilize its global retail presence to showcased PictureTel Swiftsite products. The national marketing program targets specific market segments with customized design sales and promotional programs. The programs will provide major market sectors with turnkey solutions for videocalling domestically and worldwide. The company plans to target the legal profession in the United States and abroad, and will begin its marketing efforts to lawyers, district attorneys and international legal professional associations with the immediate distribution of full color information packs. The sample Turnkey Package includes the Swiftsite II Videoconferencing System, a video cassette recorder (VCR), and a Digital Picture Printer. The installation program includes full ISDN circuit ordering, setup and installation, coupled with on-site customer training. The special lease option package enables customers to initiate the entire package for five hundred dollars (500). Michael Zwebner, chairman of Talk Visual commented " The age of Videocalling is here, now, today. As more and more companies and individuals use our service, we have innumerable inquiries about videocalling systems for sale. Our new joint marketing arrangement - which offers a superior PictureTel Swiftsite II system and a variety of high-quality accessory components - coupled with a turnkey lease package, will enable our company to further establish a leading role in the fast-growing videoconferencing industry." Michael Zwebner continued, "We will work closely with our business partners to develop the videocalling market in areas where we have retail locations. Since we're adding new locations virtually every week, we can assist our partners and PictureTel to benefit from our growth." Talk Visual Corporation is licensed by the Federal Communications Commission (FCC) to operate as a telecommunications services provider. As a national and international ISDN reseller, its customers will be linked to the company on a long-term basis for equipment, systems setup and telecommunications transport. The company believes that this three-tier marketing approach will both grow and retain a vibrant customer base. PictureTel Corporation's VP Sales Worldwide Tim Duffy commented "We are excited to work with Talk Visual as they have demonstrated their ability to enter this new exciting marketplace by opening retail Videocalling locations around the world. Their unique retail market presence offers us the ability to locally demonstrate our Swiftsite products, thus enabling the marketplace to rapidly expand. The PictureTel organization is behind the efforts of Talk Visual in their quest to continue to expand the market" A list of all the company's videocalling shops is available on the company's website at www.talkvisual.com. The site describes continuing international operations and also allows visitors to order a regular monthly mailing of the company's impressive full-color newspaper. The fourth year end edition of the newspaper will shortly be available. Talk Visual Corporation (OTC BB:TVCP) is a pioneer in the video teleconferencing and video e-mail industry. It is continuing to develop globally distributed retail facilities to accommodate the growing video-communications needs of two key market segments: businesses and expatriate ethnic populations. Talk Visual can be reached toll-free at 1-877-22VIDEO within the United States, or at 305 572-0575 from abroad. Except for historical information contained herein, the statements in this release (including without limitation, statements indicating that the company "expects," "estimates," "anticipates," or "believes" and all other statements concerning future financial results, product offerings or other events that have not yet occurred) are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Additional information on these and other factors are included in the company's Form 10-KSB for the Fiscal Year ended Dec. 31, 1998, as filed with the Securities and Exchange Commission. This one remains very interesting short and long term. A double to .80 in the next two weeks would not be surprising. BTW... The crab was excellent, wish I could say the same for HSFT while I was away! WPNE will be a great buy as it returns to 20 day avg of 9. Dave