Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (62101)	9/6/2000 3:28:46 PM
From: Susie924	Respond to of 150070

NSTG - Who woke it up?

To: Jim Bishop who wrote (62101)	9/6/2000 3:29:33 PM
From: StocksDATsoar	Respond to of 150070

Applies to -- FEVI FEVI Announces Over $100 Million in Major Carrier Contracts; Sophisticated Communications Signs Lucrative 3 Year Deal and Enters International Origination Market FEVI Announces Over $100 Million in Major Carrier Contracts; Sophisticated Communications Signs Lucrative 3 Year Deal and Enters International Origination Market MIAMI, Sep 6, 2000 (BUSINESS WIRE) -- New management of Far East Ventures, Inc. (OTCBB:FEVI) and its wholly owned subsidiary, Sophisticated Communications, Inc., announced today that the company has been awarded two important new contracts for domestic and international purchasing and re-sale of pre-paid calling cards. According to Michael Fletcher, Founder and Chairman of the company, "We are extremely pleased with the signing of these contracts. Our new agreement with MCI Worldcom marks the beginning of an important new relationship for SCI, and is a significant milestone in the long term development of our business plan which calls for entry into the international calling card market." This agreement with MCI is for the purchase and re-sale of pre-paid calling cards for calls originating internationally (coming into the U.S. from abroad). SCI also signed a domestic agreement with Florida and Texas-based telecommunications carriers for domestic and international minutes originating in the U.S. for a total value of $100 million over the next three years. Mr. Fletcher continued, "This valuable contract, combined with our new agreement with MCI, places us well on track to meet our increase in projected sales for the next calendar year. The international calling card market is one of the fastest growing segments of our industry. We estimate that over the next 18 months, this new international business will add at least 10% to annual positive net cash flow." In addition to these new contracts, management also indicated that it plans to announce changes in its Board of Directors, and that the company will apply with the OTC Bulletin Board for a company name change, a new stock symbol, and a new CUSIP number to reflect these changes. These announcements and changes are anticipated within the next two weeks. These changes are a prelude to an application for NASDAQ which will be made by the company after completion of its consolidated audit in the Fall of 2000. Since 1995, SCI has been an innovator in the prepaid calling card business, and is now one of the industry's leaders in sales and distribution. The company specializes in providing private label cards for master distributors. Because of senior management's extensive experience in telecommunications, the company provides a well blended product mix with competitive international rates and a wide variety of calling cards, which benefits its network of distributors and end users in maximizing market potential. The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this Press Release (as well as information included in oral statements or other written statements made or to be made) contains statements that are forward looking, such as those relating to consummation of transactions, anticipated future revenues and/or success of current product offerings. Such forward looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward looking statements. CONTACT: The Consilium, Miami Lynne Perlmutter, 305/666-3990 URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2000 Business Wire. All rights reserved. -0- KEYWORD: FLORIDA TEXAS INDUSTRY KEYWORD: TELECOMMUNICATIONS MARKETING AGREEMENTS