To: Jim Bishop who wrote (37680 ) 3/17/2000 2:50:00 PM From: CIMA Respond to of 150070
TRIT - From Raging Bull: By: ayiskee Reply To: None Friday, 17 Mar 2000 at 2:35 PM EST Post # of 2052 DD on TRIT TRIT DD : Here is summary of the TRIT DD on this board. TRIT : Shares outstanding : 18.5 MM Float : 3 MM Triden Telecom Inc. 613 Chase Drive Tyler, Texas 75701 Phone : 903-581-2040 Fax : 903-581-2272 Robert S. (Steve) Hardy, CEO and president Steve Hardy is a member of the following associations : -International Business Brokers Association. (IBBA) -American Association of Individual Investors. (AAII) -National Association of Corporate Directors. (NACD) -International Association for Financial Planning. (IAFP) -Member of Strathmore's Who's Who Marc Bouchard , CFO and vice-president MBA and BA in Communications (all I have been able to determine) Canadian offices : Triden Telecom of Canada 160, Cowie street, 2nd floor Granby, Quebec, Canada J2G 3V3 Phone : 450-375-7713 Fax : 450-372-9563 Also : 1005 St-Jean Baptiste street, suite 111 Quebec City, Quebec, Canada Phone : 418-871-1313 Triden Telecom was an inoperative shell until June 1999, when they acquired a small internet start-up, Marfitech Ltd., from Montreal (Canada). This company is developing a tourism web site that will be marketed towards paying members. They are also developing a series of CD-Roms on a wide variety of tourism destinations. Marfitech is an early-stage development company and has a ways to go before becoming profitable. In November 1999, Triden Telecom completed another acquisition, this time of an offshore company based in the Bahamas. The compnay is called Virtual Enterprise. They own and operate an online casino under the web site www.virtualislandcasino.com . They also have proprietary technology for the online gaming industry, in at least 5 games that I have been able to determine. There are talks of having an online lottery technology, but I have yet to see it work or be marketed. They are looking to develop more casinos, and also licence out their technology, which would make them one of only a handful of such companies in the world. Virtual Enterprise is a young internet company, as it began research and development in 1998. But they already have an operational online casino working and pulling in money. According to the company, they are already on the verge of profitability, without any mass marketing or publicity campaign. Triden Telecom owns 51% of Virtual Enterprise Inc.. And the plan is to spin Virtual Enterprise into a subsidiary of Triden , named Z-Com, and have Z-Com become a publicly trading company on it's own. The rumor is that Virtual and Marfitech will be merged together into Z-Com, which will make for a larger potential client base and lower overhead. The benefit for current TRIden shareholders is that in order to facilitate becoming a publicly trading company, Triden will provide free shares of Z-Com stock to it's shareholders. This will make it easier for Z-Com to access the OTCBB. For us shareholders, it could be considered a dividend of sorts. Triden plans to repeat this process with other companies that they will acquire in the future. At the moment, their are talks with a few telecom companies that might be rolled up and spun off also. These private telecom companies are all profitable and generate several $MM in revenue each. If this additional spin off goes ahead, then us shareholders would once again get a free piece of the pie for holding onto our TRIT shares. Of course, the ifs ands or buts are only that. But what is true and in writing is that TRIT owns Virtual Enteprise and Marfitech, a couple of internet companies, one of which is fully operational and generating revenues and even close to breaking even. Just that in itself is worth much more than what is reflected in the current TRIT stock price. There are other acquisitions that are being discussed, but TRIT prefers to concentrate right now on completing their filings, due in May, and look towards a secondary offering sometime soon after. Z-Com is also working on their filings for the SEC, in order to be listed on the OTCBB. Given the above facts (take out the ifs ands or buts) and you a company that can easily have a market cap of over $20 MM. That would put the share price above $1. This is compared to other similar internet casino stocks and does not take into account any other "potential deals". Look at SNMM, market cap of $100 MM, an industry leader. I suggest that people read what Proy98 has done in regards to comparative analysis on just the casino spin off. A must read for anyone wanting to see where this can go. Here it is : ragingbull.com