SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: NYBellBoy who wrote (26017)3/31/1999 11:03:00 PM
From: StockDung  Read Replies (2) | Respond to of 122089
 
does 100 park ave ring a bell to anyone? I thought Curcio had India?
MERCURYTELECOM.COM
is already registered
Registrant:
Mercury Telecom (USA), Inc. (MERCURYTELECOM-DOM)
100 Park Avenue
New York, NY 10017
US
Domain Name: MERCURYTELECOM.COM
Administrative Contact:
Kader, Khandoker T (KTK11) webmaster@PCMI.NET
(212) 880-2601 (FAX) (888) 672-9270
Technical Contact, Zone Contact:
HostMaster (HO1741-ORG) hostmaster@HOSTINGSOLUTIONS.NET
978-827-5449
Billing Contact:
Kader, Khandoker T (KTK11) webmaster@PCMI.NET
(212) 880-2601 (FAX) (888) 672-9270
Record last updated on 03-Dec-98.
Database last updated on 31-Mar-99 12:08:43 EST.
Domain servers in listed order:
DNS1.HOSTINGSOLUTIONS.NET 206.132.138.2
DNS2.HOSTINGSOLUTIONS.NET 206.132.64.2


NEWS RELEASE

Contact: Tony Squeglia
Coyote Network Systems
(818) 735-5385
E-Mail: A.Squeglia@cyoe.com
Khandoker Kader
Mercury Telecom (USA), Inc.
(212) 880-2601
E-Mail: kkader@mercurytelecom.com


Coyote Network Systems Receives Order For Equipment and Network Carrier Services

Coyote Technologies Receives $1.3 Million Equipment Order; American Gateway Telecom Signs Three-Year Agreement To Route International Long Distance Traffic To India, Pakistan and Bangladesh

Westlake Village, CA – December 22, 1998 – Coyote Network Systems (Nasdaq: CYOE) today announced it received an equipment order from a third-party leasing company that will take title to the equipment and provide financing to Mercury Telecom (USA), Inc. In addition, the Company announced it signed a three-year long distance services agreement with Mercury Telecom (USA), Inc. The equipment order is valued at approximately $1.3 million and includes a Coyote Technologies DSS 10,000 Switch, a debit card platform and a billing system. The equipment is to be delivered this month to a telecom co-location site in New York City. Mercury Telecom (USA), Inc. has plans for additional switches to be located in Miami, Los Angeles and Toronto.

Coyote's wholesale international long distance company, American Gateway Telecommunications, signed a three-year agreement with Mercury Telecom (USA), Inc. to carry international long distance traffic to India, Pakistan and Bangladesh. Following a four-month ramp-up period, the contract calls for a minimum of 36 million minutes annually with no cap on the volume available.

"I selected Coyote because they understand my business requirements and provided a solution that includes all aspects of building and managing a telecom network," said Khandoker T. Kader, chief executive officer, Mercury Telecom (USA), Inc. "Coyote provided the communications equipment, helped attain third-party financing, and provided international long distance facilities. With Coyote managing the network operations, I can focus on building my customer base and revenue stream."

"We are pleased to provide Mercury Telecom with an integrated equipment and network services solution," said Daniel W. Latham, president and chief operating officer, Coyote Network Systems. "Coyote is leveraging its telecom switching technology to deliver international long distance services and back room operations, primarily to new, emerging carriers and affinity groups. Mercury Telecom is an example of our strategy at work."

About Mercury Telecom (USA), Inc.

Mercury Telecom (USA), Inc. is a new, emerging international long distance carrier, with a focus on India, Pakistan and Bangladesh. Mr. Kader is the founder of Mercury Telecom (USA), Inc. Mr. Kader was one of the first to design, plan and install a telecom center with a PC-based debit card platform for telecom services to the Sub-continent of India, Pakistan and Bangladesh. For more information about Mercury Telecom (USA) Inc., please contact Mr. Kader at 1-212-880-2601 or fax at 1-888-672-9270 or please visit Mercury Telecom (USA), Inc.'s Website at mercurytelecom.com. Mr. Kader's office is located at 100 Park Avenue, 16th Floor, New York, NY 10017.

About Coyote Network Systems

Headquartered in Westlake Village, CA, Coyote Network Systems (Nasdaq: CYOE) is a growing telecom provider of equipment and international long distance services. The Company has more than 100 employees and had revenues of more than $22 million for the first six months of fiscal '99. Coyote Technologies provides scalable Class 4/5 telecom switches and IP (Internet Protocol) gateway systems. Headquartered in Houston, TX, American Gateway Telecommunications provides international long distance services to carriers. Headquartered in Los Angeles, CA, Interactive Network Systems markets international long distance services, primarily to affinity groups. CNS is authorized to provide competitive local exchange carrier services in California. For more information, please visit the Company's Web site: cyoe.com, or call 1-818-735-5385.

The statements in this news release may be considered "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance suggested in this news release. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. For more complete information, please refer to the Company's Form 10-K and Form 10-Q filings with the SEC.



To: NYBellBoy who wrote (26017)3/31/1999 11:13:00 PM
From: HRAKA  Read Replies (1) | Respond to of 122089
 
Does anyone here know anything about EELN (E-loan) IPO coming up in May?
Hraka



To: NYBellBoy who wrote (26017)3/31/1999 11:17:00 PM
From: StockDung  Respond to of 122089
 
CYOE's Road to ZERO this way;

Coyote Network Systems Refutes TheStreet.Com's "Misleading" Release

Crescent Has Letters of Intent For 30 Million International Minutes per Month; Coyote "Insiders" Have Not Sold A Single Share and Have No Intention To Sell

Westlake Village, CA – December 10, 1998 – Coyote Network Systems, Inc. (Nasdaq: CYOE) today said the accusations made yesterday in articles by a reporter from TheStreet.Com (TSC) about Coyote Network Systems and Crescent Communications are potentially misleading.

The facts are as follows:

A significant portion of Coyote's second quarter revenue consisted of an equipment sale to Comdisco, which then leased the equipment to Crescent Communications, an emerging international carrier. Coyote received full cash payment from Comdisco upon shipment of the equipment. As earlier reported, the equipment consisted of Coyote's DSS Switches and compression equipment from another manufacturer.
Crescent Communications has Letters of Intent for more than 30 million minutes per month to international locations. As quoted in Kaufman Brothers Intraday Note published yesterday, "Crescent Communications is indeed incorporated in Nevada but is based in Long Beach (CA)," and has the necessary licenses and tax identifications.
Crescent Communications was the subject of extensive due diligence by Coyote. Likewise, Crescent Communications also was the subject of due diligence by Comdisco. Comdisco purchased the communications equipment from Coyote and leased it to Crescent Communications.
"We did extensive due diligence on Crescent," said Daniel W. Latham, president and chief operating officer, Coyote Network Systems. "We have been working closely and have been in constant communications with Crescent for the last three months working on site surveys, project management and network design, regarding Crescent's international carrier services. Our sale of the equipment to Comdisco was on a non-recourse basis with amounts reserved for service contingencies, all of which was reflected in our second quarter financial reporting."

The TSC reporter also referenced Coyote's S-3 Registration Statement filed last week. The Registration Statement had two employees and one board member ("its insiders") included, whose total was less than 4% of the shares to be registered. These same "insiders" have owned more than twice that number of shares since approximately July 1997 and have neither sold nor plan to sell a single share. The reference in the S-3 to "short selling" related only to the possibility of "short sales" under the Plan of Distribution for the JNC Series "A" Preferred Shares. Coyote's "insiders" and "affiliates" can not and will not "short sell" Coyote stock.

Given the nature and gravity of the situation, Coyote Network Systems and Crescent Communications are hopeful that TSC will correct the articles with complete and accurate statements. "Coyote is confident about its business, proud of its customers and vendors and will do all in its power to refute such misleading information," said Latham.

About Coyote Network Systems

Headquartered in Westlake Village, CA, Coyote Network Systems (CNS) provides telecom equipment and network services that enable and deliver local, long distance and Internet services. Coyote Technologies provides scalable Class 4/5 telecom switches and IP (Internet Protocol) gateway systems. Headquartered in Houston, TX, American Gateway Telecommunications provides international long distance services to carriers. Headquartered in Los Angeles, CA, Interactive Network Systems markets international long distance services to affinity groups. CNS is authorized to provide competitive local exchange carrier (CLEC) services in California. For more information, please visit the Company's Web site: cyoe.com, or call 1-818-735-5385.

The statements in this news release may be considered "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance suggested in this news release. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. For more complete information, please refer to the Company's Form 10-K and Form 10-Q filings with the SEC.



To: NYBellBoy who wrote (26017)4/1/1999 12:02:00 AM
From: StockDung  Read Replies (2) | Respond to of 122089
 
I think it is important. Class Action Settlement with CYOE is unjust. I think the reason that they want to settle it so quickly now is because the attorneys know they will get paid in cash from the insurance company and the stockholders of Diana get warrants from CYOE that are going to be worthless soon. If the case is not settled it will cost CYOE money and maybe the current insiders too. The attorneys do read this board because one of our operatives spoke to one of them once via P.M. Like all greedy class action attorneys they want their money and are going to leave the stockholders holding the bag. Stockholders get warrants for 9, 10,11 dollars and no cash.

Coyote Network Systems Clarifies Proposed Class Action Settlement
PR Newswire - March 30, 1999 13:34

WESTLAKE VILLAGE, Calif., March 30 /PRNewswire/ -- In response to numerous inquiries, Coyote Network Systems (Nasdaq: CYOE) believes the published proposed Class Action litigation settlement requires the following clarification as to the impact of the settlement on the Company:

As previously disclosed, the cash portion of the proposed settlement would be fully funded by the Company's insurance carriers and not from Company funds. Additionally, and as previously disclosed in the Company's 10K report, the proposed settlement with respect to the issuance of warrants at $9, $10, and $11 per share was fully reserved for in the Company's prior fiscal year, ended March 31, 1998.

No further charges are anticipated by the Company.

The settlement proposal fairly reflects the agreement by the parties and has been previously disclosed and accounted for during Coyote Network Systems prior fiscal year.

About Coyote Network Systems

Based in Westlake Village, CA, Coyote Network Systems provides telecom equipment, international long distance services and network management and customer support services. For more information, please visit the Company's Web site: cyoe.com, or call 1-818-735-5385.

The statements in this news release may be considered "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance suggested in this news release. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. For more complete information, please refer to the Company's Form 10-K, Form 10-Q and other filings with the SEC.

SOURCE Coyote Network Systems

/CONTACT: Tony Squeglia of Coyote Network Systems, 818-735-5385,
A.Squeglia@cyoe.com/

/Web site: cyoe.com