This is the last release that I found on the company. As to whether it is going to take off or not, look at all the information available to you and then make your own decision. There is an email address at the end of the release that you can write to with questions. I have found the company very responsive to my inquiries.
Neal
HOUSTON--(BUSINESS WIRE)--Nov. 10, 1997--Telscape International,
Inc. (NASDAQ Small Cap Market: TSCP) today announced results for the
third quarter ended September 30, 1997. Revenues increased
$10,937,331, or 871%, to $12,192,390 compared to $1,255,059 for the
third quarter ended September 30, 1996. The Company reported net
income of $1,202,148 and primary earnings per share of $0.25 as
compared to a net loss of ($325,564) and a net loss per share of
($0.09) for the third quarter ended September 30, 1996. The Company
also reported fully diluted earnings per share of $0.17 per share for
the third quarter ended September 30, 1997. The Company did not
report fully diluted earnings per share for the quarter ended
September 30, 1996 as such number would have understated the loss per
share due to the anti-dilutive effect of additional shares being
included in the calculation.
For the nine months ended September 30, 1997, revenues increased
$19,309,194, or 684%, to $22,133,691 compared to $2,824,497 for the
nine months ended September 30, 1996. The Company also reported net
income of $1,416,045 and primary earnings per share of $0.33 compared
to a net loss of ($686,692) and a net loss per share of ($0.24) for
the nine months ended September 30, 1996. The Company also reported
fully diluted earnings per share of $0.23 per share for the nine
months ended September 30, 1997. The Company did not report fully
diluted earnings per share for the nine months ended September 30,
1996 as such number would have understated the loss per share due to
the anti-dilutive effect of additional shares being included in the
calculation.
The Company disclosed a fully diluted earnings per share of $0.17
and $0.23 per share for the third quarter and nine months ended
September 30, 1997, respectively, because management felt it was
reasonably possible that certain performance warrants of the Company
will become exercisable. The Company further disclosed that had a
fully diluted earnings per share disclosure been required for the
second quarter and six months ended June 30, 1997, it would have
resulted in $0.09 and $0.05, respectively.
Scott Crist, President and Chief Executive Officer, commented:
"We are extremely pleased with Telscape's significant growth in
revenues that has not come at the expense of bottom line results.
The Company continues to experience excellent sequential quarter over
quarter and period over period growth in revenues, net income and
earnings per share, and we expect this trend to continue. Although
Telscape's acquisition of Integracion de Redes in the third quarter
contributed to growth, a significant component of the Company's
sequential quarter over quarter growth has come internally. Our
strategic focus on Latin America and the international long distance
and value-added services markets is resulting in an increase in
shareholder value. In addition, we are pleased with the progress of
the integration of our two most recent acquisitions in Mexico City,
Mexico from a financial and management perspective. We will continue
to look for strategic acquisitions that fit into our long term
strategy and that can be integrated effectively and efficiently."
Note: Certain statements made herein that are not historical are
forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that all
forward-looking statements involve risks and uncertainties including,
without limitation, risks related to market acceptance of and demand
for the Company's products and services by customers, continued
relationships with and pricing dependence for third party suppliers,
and continuity of existing government regulations and policies.
Statements with respect to acquisitions and continued trends are
forward-looking and involve risks and uncertainties. Furthermore,
the Company has significant operations in Mexico and Poland,
subjecting the Company to certain political and commercial risk.
Telscape International, Inc., is a value-added telecommunications
company providing turn-key solutions to the growing and emerging
markets of Latin America, with a particular emphasis on Mexico.
CONTACT:
Telscape International Inc., Houston
Todd M. Binet, 713/968-0968
tbinet@telscape.com |
