Ga Bard,
One more for tonight, maybe one more tomorrow (man, I know what you mean when you say your eyes hurt)
Here is another one I found that is near its bottom. I put a call into the company, but they haven't returned my call. Maybe someone else can try a little harder than me. I have not invested as of yet (I am financially committed at this point to other stocks), but thought I'd let you know about this one in case anyone wants to give it a further look. It looks interesting, and I looked into it because is has been trading on good volume and has quite a bit of recent news. I know that there are quite a few unanswered questions left here, but if anyone wants to go further with this, at least this is a start.
THE FOLLOWING IS BASELINE RESEARCH INFORMATION. IT IS ABSOLUTELY NOT A RECOMMENDATION FOR BUYING THIS STOCK. READERS ARE CAUTIONED TO USE THIS AS A TOOL FOR FURTHER RESEARCH AND TO MOST ASSUREDLY EXPAND UPON THE RESEARCH HERE BEFORE MAKING ANY INVESTMENT DECISIONS REGARDING THIS STOCK.
Ticker: YRLS Exchange: OTCBB
Company Name: COMTEC INTERNATIONAL
Bid .0675 Ask .0825 Close .0775
52 Week Range: 0.038000 - 1.0000
City/State: Englewood, Colorado
IR Contact: Gordon Diehle (CFO) 303-627-8367
President: Don Mack 303-627-8367
Average Volume 512.4k
Shares: At March 31, 1997, the Company records indicated an issued and outstanding common stock balance of 48,346,875 shares with shareholder equity of $2,307,638. As of that date, $420,000 of preferred shares had been authorized and issued. IT IS POSSIBLE THAT AN ADDITIONAL 25,000,000 WAS ISSUED FOR ONE OF THE COMPANY'S ACQUISITIONS. I HAVE NOT DETERMINED THE SIZE OF THE PUBLIC FLOAT
Recent News,
Oct16 YRLS Comtec Announces Agreement to Acquire Seven Operating Systems From Centennial Communications Corp.
biz.yahoo.com
Oct15 YRLS ComTec Announces Restructured Management
biz.yahoo.com
Chart
dbc.com
SEC Filings: sec.yahoo.com
IMPORTANT NOTE: Last filing was in May. There are 144s which have been filed in the last month. The ones I saw looked insignificant, BUT I COULD NOT VIEW ALL OF THEM ON EDGAR. MAKE SURE YOU CHECK THESE OUT!!!! This may simply have to do with the restructuring, BUT CHECK THEM OUT!!!
Description of Business:
Specialized Radio Mobile Wireless Communications
NOTE: THE FOLLOWING IS EXCERPTED FROM MAY, 1997 SEC FILING:
ComTec International, Inc. is actively seeking to acquire operating SMR wireless communications systems under a business plan with an aggressive rollup strategy.
On May, 10, 1995, The Company's strategic business plan changed from gaming and transportation to wireless telecommunications. Initially, the Company's emphasis has been conducted as a holding company of various telecommunication businesses.
On December 3, 1996, the Company created American Wireless Network, Inc., a wholly-owned subsidiary to execute a business plan concentrating on developing Specialized Mobile Radio (SMR) systems through new construction of radio channels and acquisitions of operating SMR companies. To date, American Wireless Network, Inc. (AWN) has constructed 184 SMR 800Mhz channels and is under contract to construct an additional 1,250 channels over the next two years. AWN intends to acquire one or more operating companies by June 30, 1997. AWN operates
as a wholly owned subsidiary of the Company.
The Company organized a new subsidiary, TTI Communications Corporation, a long-distance telecommunication business, on February 12, 1997. This subsidiary began operations approximately February 19th, 1997 and by March 31, 1997 was functionally operational. This business presently resells long distance telephone service through prepaid phone cards.
This subsidiary intends to concentrate on prepaid calling cards,
long-distance domestic and international reselling services and other land-line telecommunication services. The Company has a 70% interest in TTI Communications Corporation, the remaining 30% interest in the subsidiary is owned 10% each by two unaffiliated entities and one unrelated Limited Liability Company.
The Company organized a new subsidiary, International Media Group, Ltd. on March 20th, 1997. International Media Group, Ltd. was formed with a business plan to own, operate and market as a public advertising media, the use as of giant LED screens. On approximately March 31st, 1997, the Company obtained possession through tentative agreements to acquire for future issuance of common stock in a nonpublic exchange,. six (6) giant
light-emitting diode (LED) screens. The asset acquisition, subject to audit, title review and market basis evaluation of the giant LED screens is also contingent upon sufficient authorized and unissued shares of the Company's common stock being available. Present data value the assets at $2,400,000. At such valuation the acquisition will require the futureissuance of 25,000,000 shares of the common stock of the Company. A closing date for achievement of the stock exchange portion of the transaction, to be facilitated through Geneva Reinsurance Company, Ltd., a corporation organized outside of the United States of America, has not yet been determined. The giant LED screens provide active light presentation programs, adaptable for indoor or outdoor use for sporting events, advertising displays and other theatrical applications. LED screens are compatible with computer, television, VCR and other electronic programming, including live and taped feeds. The Company intends, through its wholly owned subsidiary, International Media Group, Ltd., to lease out the screens for short term (one to six week) events.
The Company is continuing to move forward with the acquisition of a 61% majority interest in Network Teleports, Inc. ("NTI"). NTI is currently broadcasting television and cable programming along with other data and transmission services via satellite uplink from its hub located in New Orleans, Louisiana. Pursuant to the acquisition agreement this transaction is valued at $915,000. The purchase payments are being held in escrow pending final FCC approval of the transaction and final due diligence review. The Company expects this transaction to close in calendar year 1997 pending the outcome of the Company's due diligence review.
NOTE: THE FOLLOWING IS FROM A RECENT PRESS RELEASE 10/14:
Comtec International Inc., an Englewood business engaged in the SMR wireless communications industry, announced the signing of an agreement to acquire seven operating SMR systems from Centennial Communications Corp. of Denver.
Comtec and Centennial have confirmed in principle, whereby Comtec will purchase for in excess of $3 million, by means of debt, short-term seller financing and cash payments, the wireless communications assets and all the associated business owned by SMR Direct/Centennial Communications Corp. associated within the following Major Trading Areas (MTA's):
Birmingham, Ala.; Knoxville, Tenn.; Memphis, Tenn.; Jackson, Tenn.; Nashville, Tenn.; New Orleans, La.; Baton Rouge, La.; Oklahoma City and Tulsa, Okla.
Nov. 30, 1997, is the targeted purchase date, with assets and associated revenue streams related to those markets to be delivered by Centennial to Comtec on Dec. 1, 1997. For the last month of 1997 and thereafter, Comtec will possession, management, and control of these operating SMR systems, assets and associated business now owned by Centennial serving the above listed markets.
Centennial Communications Corp. (Tradename, SMR Direct) is headed by President Jeff E. Rhodes and was founded by former and OneComm partners. OneComm went public in 1993 through Merrill Lynch for approximately $92 million and was acquired in 1994 by Nextel in a transaction valued over $650 million.
According to Centennial's information, these systems have been
constructed according to Motorola R56 standards with E.F. Johnson LTR protocol. The seven operating systems being acquired by Comtec have a total of 13 sites, 105 constructed channels and cover seven (7) of the 51 MTA's, including nine cities located in four southeastern U.S. States.
This area of the southeastern U.S. is strong for this type of SMR
services. The seven MTA's where these 105 channels are constructed, have a total of 17.4 million Pops. of which the seven (7) systems are presently covering approximately 5.9 million Pops.
These systems were only launched in September of 1996, and already, the 105 operating channels have over 1,100 subscribers and are generating monthly recurring revenues of approximately $20,000 with a consistent growth rate (as seen from inception) of approximately 15+ percent per month.
The current ARPU (average revenue per unit) is approximately $17 and expected to increase in the months to come. Additionally, this transaction is expected to add SMR equipment and SMR license assets to Comtec's balance sheet in excess of $3.5 million.
Comtec anticipates that it will benefit from the experience of the many talents currently being employed by Centennial Communications Inc. There are many synergy's between the to be acquired Centennial/SMR Direct systems in place and the many channels Comtec currently has management/option agreements for now.
Notes:
Chairman of the Board recently resigned to pursue personal ventures. Simultaneously with the announcement of Perlman's exit, the Company announced the formation of a new management team to join Company President Donald G. Mack.The Company's board of directors appointed Gordon Dihle as the Company's Chief Financial Officer, Dihle, age 42, is an attorney and certified public accountant. Another new member of the management team, Mike Bunch, MBA, CPA, age 48, of Lakewood, Colorado was named as the Company's new Controller of Accounting.
The new CFO of ComTec is an attorney, licensed in Colorado (since 1986) and North Dakota (since 1980), a Certified Public Accountant (since 1980) and a licensed Real Estate Broker in Colorado (since 1988) and North Dakota (since 1982). From January 1991 until now, Dihle was the principal of Dihle & Co., P.C., a professional legal corporation for the practice of law and business consulting, located in Colorado and North Dakota. Dihle's practice involved the areas of public securities offerings, private placements of securities, investment banking, mortgage banking, mergers, acquisitions and taxation. Dihle was formerly Underwriter's Counsel for Tamaron Investments, Inc., and General Securities Counsel for J.W. Gant & Associates, Inc., both formerly of Englewood, Colorado and later, Securities Counsel for ND Holdings, Inc., Minot, North Dakota, a regional mutual fund manager and administrator (through Investment Advisor, Broker Dealer and Stock Transfer Agency subsidiaries) of eight bond funds and one equity fund.
ComTec International, Inc. further announced the establishment of an Advisory Board to consist of persons with outstanding business and professional experience and achievements to advise and counsel the Company's Board of Directors.
Thomas M. Booth, age 66, an engineering operations consultant, of
Lakewood, Colorado and Brookings, Oregon, originally of British origin, was named to the initial position on the Advisory Board, with other similar appointments anticipated to follow shortly. Among other accomplishments, Booth holds a U.S. Professional Engineering Registration and most recently served as consultant to Intex Corporation's Corinth, Mississippi vinyl and laminated composite sheet manufacturing plant. Intex is an international private company with factories in Laivan, China. Booth carried out a complete reorganization of department managers involving job swaps, cross training and assignment of areas of accountability.
From 1988 until 1994, Booth was Vice President of Operations for
Wilkerson Corporation and later Vice President of Operations for Miller Corporation. Both Wilkerson and Miller are owned by a Japanese company, CKD Corporation. Wilkerson Corp. is a $30 million fluid power company specializing in the design and manufacturing of pneumatic filters, regulators and similar components extending to refrigerated air dryers. Miller Corporation is a $50 million manufacturer of industrial hydraulic and pneumatic cylinders. Booth carried out a complete overhaul of Wilkerson including TQM self-directed work teams and certification to ISO 9001. Wilkerson was the first IS0 registered company in Colorado as well as in the US fluid power industry. |
