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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (22226)	6/1/2000 11:54:00 AM
From: dexx	Read Replies (1) \| Respond to of 25711

ATTP (Affordable Telecom) adds another $3.6 million in revenue. News below. Not many BB stocks making this kind of money...and certainly not at .63 a share with just 5.2 million shares in the float. HOUSTON--(BUSINESS WIRE)--June 1, 2000--Affordable Telecommunications Technology Corp. (OTC BB: ATTP) today announced that it has completed its acquisition of the assets of Beeper Boutique, a nine store chain serving 19,000 subscribers with revenues of $3.6 million during 1999. Beeper Boutique, a reseller of paging, messaging, and information products and services, owns and operates nine retail stores throughout South Texas and Louisiana. The acquisition of Beeper Boutique expands Affordable's pperations to 11 locations and adds four major wireless carriers in its market area. Steven H. Bethke, President and Chief Executive Officer of Affordable, commented, "The acquisition of Beeper Boutique will significantly broaden our retail presence in the Texas Gulf Coast area. With the addition of Beeper Boutique's customer base, to whom we will market our full line of products and services, we expect to increase Beeper outique's revenues by a minimum 25% over the next twelve months. We will also enjoy improved profit margins resulting from economies of scale from our consolidated operations." Bethke continued, "We plan further acquisitions, mergers, and potential joint ventures of wireless service providers in our existing Texas-Louisiana market and other regions and are negotiating favorable financing to assist in our expansion initiatives. Our goal for fiscal year 2000 is to broaden our customer base and market presence to generate minimum annual revenues of $10 million." Affordable completed the acquisition of the Beeper Boutique assets for $560,000, which is payable in cash, 2-year notes and the assumptions of certain liabilities. Affordable also issued 600,000 restricted shares pursuant to Rule 144. Affordable believes that it will be able to pay the two-year notes from the Beeper Boutique operations. About Affordable Telecommunications Technology Corp. Affordable Telecommunications Technology Corp. is a reseller of wireless telecommunications products and services, which it markets through 11 retail stores under the names The Wireless Store, Camera's Etc. and Beeper Boutique in the South Texas and Louisiana market, as well as directly via outside sales. ATTP primarily focuses on selling pre-paid and post-paid wireless products and services. ATTP also operates a two-way data network covering the greater Houston Metropolitan area, and will utilize the network's technology to provide Automatic Meter Reading (AMR) services in the near future. 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 risky 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 on third-party suppliers, and other risks detailed from time to lime in the Company's periodic reports filed with the Securities and Exchange Commission. CONTACT: Affordable Telecommunications Technology Corp. Steven H. Bethke 713-988-8884 sbethke@flash.net or OTC Financial Network Rick McCaffrey 781-444-6100 ext. 14 rick@otcfn.com

To: Joe Copia who wrote (22226)	6/1/2000 3:04:00 PM
From: Joe Copia	Read Replies (1) \| Respond to of 25711

adding ELAM @ 3 1/4 . biz.yahoo.com Tuesday May 23, 5:02 pm Eastern Time Company Press Release SOURCE: Elamex S.A. de C.V. Elamex Closes Transaction Divesting Electronics Contract Manufacturing Operations EL PASO, Texas, May 23 /PRNewswire/ -- Elamex S.A. de C.V. (Nasdaq: ELAM - news) announced today that it has closed the transaction selling its contract electronics manufacturing services (EMS) operations to Plexus Corp. of Neenah, Wis., which was previously announced on March 30. Under the terms of the deal, Elamex will receive approximately $53.7 million in cash, subject to certain adjustments, relating to the final determination of book value. ``We are very pleased with the culmination of this sale. We are now well positioned to increase our market share in our custom component manufacturing operations such as metal stamping and plastics injection molding and our shelter services through acquisitions and green field investments,'' said Hector Raynal, Elamex's president and chief executive officer. Under the terms of the agreement, Elamex will sell its EMS operations currently housed in two leased plants in Juarez, Mexico. These operations represented approximately $82 million in revenue in 1999 and include approximately 250,000 square feet of manufacturing space. Elamex is engaged in a joint venture for plastics and metal stamping with General Electric. The joint venture known as Qualcore, operates a 94,000 sq. ft. facility in Juarez, Mexico and is building a second 115,000 sq. ft. facility in Celaya, northwest of Mexico City. Qualcore is registered as ISO 9002 in the U.S. In addition, Elamex operates a wholly owned metal stamping subsidiary, Precision Tool, Die and Machine, Inc., in Louisville, Kentucky. Precision operates two facilities with a combined square footage of 205,000 and is registered as both ISO 9002 and QS 9000. Both Qualcore and Precision are engaged in Six Sigma quality initiatives. Elamex will continue to provide shelter services throughout Mexico for non-EMS companies. Under the shelter business model, Elamex provides labor and administrative services. Currently, Elamex supports shelter operations in the following Mexican cities: Juarez, Nuevo Laredo, Monterrey, Torreon, Reynosa and Chihuahua, representing a combined total of over 1,000,000 square feet of manufacturing space. Elamex S.A. de C.V. is a 26-year-old manufacturing services provider, headquartered in Mexico. Its 17 Mexico-based facilities provide turnkey electronic, electromechanical and mechanical contract manufacturing; repair and refurbishment; and shelter services to a variety of industries including: telecommunications, medical, industrial control, automotive, avionics, defense and consumer products. This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, risks associated with the company's future growth and profitability, the ability of the Company to continue to increase sales to existing customers and to new customers and the effects of competitive and general economic conditions and the ability of Elamex's own customers to meet their expectations and projections. SOURCE: Elamex S.A. de C.V.