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Microcap & Penny Stocks : PLFM - Undervalued with great potential -- Ignore unavailable to you. Want to Upgrade?

To: LOCATOR who wrote (3348)	6/12/1998 11:18:00 AM
From: Pinky	Read Replies (1) \| Respond to of 9096

news!!~!! Friday June 12, 9:56 am Eastern Time Company Press Release PLFM's Airborne Relay Communications System Receives Rave Reviews From Latin American Industry and Government REDLANDS, Calif.--(BUSINESS WIRE)--June 12, 1998--Howard A. Foote, president and chief executive officer of Platforms International Corp. (OTC/BB:PLFM), Friday announced the successful conclusion of the first round of negotiations for the licensing of PLFM's Airborne Relay Communications (ARC) System technology to a major Latin American telecommunications company. Following the negotiations that began at the history-making test and validation of the operational status and reliability of PLFM's ARC System, which took place in San Diego on May 1, 1998, (refer to PLFM's Web site, www.platforms-intl.com, under May 1, 1998, ''Communications System Demonstration'' for details) a U.S. delegation representing Platform's technology met with high-ranking officials from the government, military and telecommunications industry of certain Latin American countries to discuss the acquisition and implementation of PLFM's wireless communications system technology, which Platforms believes could revolutionize the mobile telephone and data communications industries. ''We are pleased with the pace and progress of our Latin American negotiation,'' stated Foote. David Fawcett, vice president of program development, stated: ''While we continue on the next phase of our Latin American negotiations, we're working diligently to ensure the ARC System complies fully with local government air traffic and safety regulations. Based on our progress so far, we have established a divisional headquarters in Latin America, and marketing plans for the identification and penetration of strategic target markets throughout South and Central America are currently under way. ''The mountainous terrain and densely concentrated population centers of Latin America offer ideally-suited conditions and tremendous opportunities for PLFM's ARC System. We believe our state-of-the-art wireless communications technology is ideal for telecommunications, direct broadcast TV, Internet, vehicle tracking, drug enforcement surveillance, and numerous other commercial, military and government applications. ''We also believe our ARC System technology gives us unparalleled cost/performance advantages in ease and speed of implementation, integrity and quality of the transmission signal, as well as in equipment maintenance and upgrades.'' ''Latin America is a burgeoning, multibillion dollar market for state-of-the-art wireless communications. We believe the market opportunities we have identified for PLFM's technology may surpass our most ambitious expectations. One of the initial ARC System target installations has a population in excess of 10 million. It is anticipated this market sector may yield a cellular subscriber base of 250,000 to 1 million consumers at $80 per month, or an annual gross revenue potential of US$240 to $960 million. Specifications, terms, conditions and revenue splits are yet to be agreed upon. My negotiation team and I expect to be leaving for South America in the near term,'' concluded Foote. Safe Harbor Act Disclaimer: The forward-looking statements in this release involve risks and uncertainties, including, but not limited to the successful completion of contract negotiations with the in-country providers discussed. Deployment of the Platforms Systems in the proposed countries is subject to a number of uncertainties and unforeseen events. There can be no assurance that the goals of the company stated herein may be realized in the time frame discussed. Forward-looking statements represent the company's beliefs and expectations concerning future events, including future sales of its products and services. These forward-looking statements are qualified by important risk factors that could materially impact the company's business. -------------------------------------------------------------------------------- Contact: InterMedia Marketing Corp. Michael Iorlano, 818/981-9031 -------------------------------------------------------------------------------- More Quotes and News: Platforms International Corp (OTC BB:PLFM - news) Related News Categories: computers, telecom -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright c 1998 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information.