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Microcap & Penny Stocks : USRF - Wireless Internet Access -- Ignore unavailable to you. Want to Upgrade?

To: Sly_ who wrote (229)	12/9/1998 3:04:00 PM
From: Phatt Jake	Read Replies (1) \| Respond to of 956

I have been lurking here for several weeks...company is indicating that future funding is forthcoming, but no specifics. I think the following statement from Aug '98 BP is still RIGHT ON: USRF is devoting full time to the rapid implementation of a broad strategy to transform the company into a profitable Internet Service Provider (ISP) with annual revenues in the $3.7 million range in the near term. Given market multiples accorded publicly traded ISPs, this could value USRF at roughly $37 million, or $3-4 per share before any corporate revenue or subscriber growth, which supports the argument for a valuation in the $4-5 area. This valuation is expected to increase materially over the ensuing 12-18 months with the continuous execution USRF's business plan. The Opportunity Management has identified 20 ISPs with a combined 40,000 retail customers and $10 million in annual revenues (approximations) which are believed for sale, and which USRF has already, or intends to, enter into negotiations to acquire. The company recently agreed to purchase two ISPs located in Santa Fe, NM and St. George, Utah, and signed a letter of intent to acquire another in Salt Lake City. PHATT man is going LONG with YOU SURF!!!! Jake