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Microcap & Penny Stocks : DIGITCOM (DGIV-OTC-bb)Information Thread -- Ignore unavailable to you. Want to Upgrade?


To: Zack Lyon who wrote (381)12/29/1998 11:46:00 PM
From: Lazarus Long  Read Replies (3) | Respond to of 530
 
DGIV visit - 12/28

I thought I would break up my info into small chunks that are bit easier for me to get posted and maybe even easier to digest...

First, let me say that there was nothing earth shattering revealed, positive or negative. There was nothing of a time sensitive nature, so I am going to take my time and try and be as complete as I can...

I have been busily writing things down and trying to reconstruct the conversations we had. They tended to ramble and did not lend themselves to good note taking. But, I think I have got it down to a few general topics. I may come up with more than these as time goes on and some memories are rekindled...

General and general impressions
Egyptian "Contract"
PR Firms
Louis International
Germany
Financing
The Telcom Environment and DGIV's strategy / place

The building is brick and the area looks aged... aged, not unkept. Though the Playboy studio west is just a couple of doors down the street, don't think this is a posh neighborhood. Parking was not much of a problem, though there did not seem to be much need for parking in the area...

The inside of the building was nice... a lot of glass and chrome. It was neat and seemed spacious without a vacant feeling. There were a number of terminals visible, but not a lot of activity visible from the areas I was in. In fact, there were only 2 folks visible from the lobby. There seemed to be a receptionist's area, but it was vacant the entire time I was there... I was not at all impressed by how I was greeted when I walked in the door. There was a waiting area for visitors. The conference room had glass walls and was by the entrance... there was not much traffic while I was there. However, several gentlemen entered just before I left.

I was led to "the conference room" and spoke with Roger Templeton about some inconsequential things for a time. He seems as warm in person as he is on the phone. Later on, I was able to visit with Jimmy Chin, which was an unexpected pleasure.

Mr. Chin is definitely a visionary. He sees things well in the abstract and is able to weave his viewpoints into a tapestry of analogies... quite impressive. He mentioned that he felt there were a number of visionaries in the telecommunications field and that may be, but I would have to doubt that. There are very few true visionaries in this world and even fewer of those that are also "do'ers." People that actually attempt to create reality of their vision. We are very fortunate, IMO, because I believe that Mr. Chin is one of those very few that have a vision and can act upon it.

It was also interesting that I expected Mr. Chin to be a bit of a Snake Oil Salesman - someone that can sell you anything at anytime. Instead, I got the impression of a sincere man that knows that he is swimming against the tide - that the chance for success when he started were astronomically against him... but, he also knows that with each victory (both large and small) those odds are narrowed. He exudes confidence without seeming cocky nor giving up the reality of the situation.

Of note was that he discounted DGIV's technology - basically, all you need is the capability to provide the service. It doesn't need to have a lot of bells and whistles... just be able to get the job done. Quality is not a big issue as the quality of the transmissions in the part of the country he is trying to enter is not all that good anyway. What is important is cost of service and stretching the infrastructure that is already in place. To this end, Digitcom is not able to differentiate themselves from the host of other companies that are trying to engage the third world countries. What does differentiate Digitcom from the other companies is the service and the type of relationship that Digitcom is offering... to partner with these companies and / or governments. It is a situation by which we have few or no models here in the U.S., so it is somewhat difficult to grasp all the ramifications, IMO. Anyway, the concept is tailored a bit differently to fit each country's situation, but the bottom line is to minimize the overseas threat that Digitcom represents, to push the existing regional (main focus) and national telcom's (lesser focus) to the forefront and to work behind the scenes to help meet the goals of the existing companies.

The vision is clear. It appears, though I am no expert, that there is a clear and unobstructed view of the environment in which he must work and there is no lack of desire to reach his goal.

Lazarus