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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: sdheart who wrote (23648)	12/23/1997 8:16:00 PM
From: sdheart	Read Replies (1) \| Respond to of 41046

PSINET wants into net Telephony see below: PSINet into telephony Internet access provider PSINet Inc. plans to establish a Net-based telephony subsidiary. CEO William Schrader has been working Wall Street to raise funds for the venture, according to Interactive Week online. Schrader says his goal is to double the company's revenue each year for the next three years. One way is telephony. "The 21st century telecom company is Internet optimized - that's us," Schrader said. A new subsidiary, PSINet Telecommunications will develop the telephony business which could be operating early next year. The company plans to use its existing telephone company license and its future status as a competitive carrier primarily as leverage to lower its networking costs in local markets and gain market share in Internet-based telephony, the report said. sdheart