To: StockDung who wrote (6205 ) 12/23/1999 12:44:00 PM From: StockDung Respond to of 10354
Integrated Communication Networks Inc. Announces Investment Opinion on Hampton Porter -------------------------------------------------------------------------------- Story Filed: Thursday, August 26, 1999 12:19 PM EST ALISO VIEJO, Calif., Aug 26, 1999 (BUSINESS WIRE) -- IntegratedCommunication Networks Inc. (ICN) (OTCBB:ICNW) announced that Analyst Mark Bergman of Hampton Porter, a regional securities firm in San Diego, issued today a Buy Recommendation on shares of ICN, with a short-term price target of $14.00. "We feel that ICN will experience dramatic revenue growth and significant gross margins over the next 12 months. The company is positioned to become a leader in International Telecommunications," said Mark Bergman. "Given the company's substantial and growing customer base, we believe that it can readily achieve our projected fiscal year 1999 revenues of $45 million and fiscal year 2000 projections of $225 million." 1999 recommendations of Mark Bergman's include FirstCom Corp. (Nasdaq:FCLX), from 2 1/4 to 10, In Focus Systems (Nasdaq:INFS) three months ago at 9 1/2 to 17, En Pointe Tech (Nasdaq:ENPT) at 6 1/2 a month ago to 13 and Harmonic Inc. (Nasdaq:HLIT) in 1998 at 12 to 108. About Integrated Communication Networks ICN provides global telecommunication services to consumers, long distance carriers and internet service providers. The company's target markets are U.S, Latin America, Asia and Europe. ICN provides international and domestic long distance services, international private lines and prepaid calling cards. Other companies in the industry are AT&T (NYSE:T), MCI WorldCom (Nasdaq:WCOM) and Sprint (NYSE:FON). Other than historical information contained herein, certain statements in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1994. Forward-looking statements in this release involve a number of risks and uncertainties including, but not limited to, changes in market conditions, government regulation, technology, the international telecommunications industry, and the global economy, currency fluctuations, availability of transmission facilities, management of rapid growth, entry into new and developing markets, competition, customer concentration and attrition, and the expansion of the global network, as well as other factors that may significantly change expected results. Copyright (C) 1999 Business Wire. All rights reserved. CONTACT: Integrated Communication Networks Inc. Investor Relations, 310/581-0956 WEB PAGE: businesswire.com GEOGRAPHY: CALIFORNIA INTERNATIONAL LATIN AMERICA EUROPE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright ¸ 1999, Business Wire, all rights reserved. You may now print or save this document.