I hopefully will have a surprise for everyone on Phone Time Resourses. I have found a old message room on AOL which I just reopened by back dooring the system. For those who are short on memory. That was Eugene Curcio's old company "one of the pioneers of telecommunication enhanced network services since 1984." . Yes the lost Curcio tombs about to reveal some answers hopefully.
"Eugene Curcio, one of the pioneers of telecommunication" Read all three press releases.
SUNMARK INDUSTRIES ACQUIRES PTR
Redmond, Washington, September 17 - Seattle (Redmond)- based Sunmark Industries, Inc.
(Sunmark) announced today that it acquired Global Phone and Time Resources, Inc. dba
''PTR,'' a Los Angeles-based telecommunicati Mr Louis Lesser, well-known hotel developer/owner/operator, will assume the position
of chairman of the board. Mr Lesser wasan of an American Stock Exchange company
which developed and op a billion dollars in commercial and residential real
estate, with an additional dlrs 500,000,000 in housing projects for the Uary.
Mr Lesser has predicted that Sunmark will become apresident of American Bankers Mortgage, and Daniel Baha, lawyerr national director of Administration for Toyota Industrial Truck Division, to be added to Sunmark's management team as officers and directors.
PTR (for "Phone Time Resources") was founded in 1995 by its present chairman Eugene Curcio, one of the pioneers of telecommunication enhanced network services since 1984. In the short time since its inception, PTR diversified offering all telecommunications services (i.e. 800 900 one plus prepaid calling cards and international access) to end users at every level at lowest rates through its innovative marketing.
PTR switched based facilities offers publicly trading companies the ability to pay for cash intensive phone charges with corporate stock and/or other assets. According to Mr Curcio: "in 1995, PTR signed the largest single commir and Daniel Baha and other members of Sunmark's Management.
Committed to expanding its business and keeping in stride with technological advances, Sunmark stated this acquisition is "the significant step" in giving it immediate access to the worldwide telecommunication services. These combined programmes provide the necessary synergy to give Sunmark the competitive .
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Thursday April 15, 1:49 pm Eastern Time
Company Press Release
Integrated Communication Networks Inc. Changes Symbol to ''ICNW''
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--April 15, 1999--Integrated Communication Networks Inc. (OTCBB:GAPI - news), a Nevada Corp., announced a change in its trading symbol from ''GAPI'' to ''ICNW.''
''The symbol was selected by the Board of Directors and approved by Nasdaq to coincide with our name change from Global Access Pagers Inc. to Integrated Communication Networks Inc.,'' said Charles McGuirk, president. ''Changing the symbol to 'ICNW' will help to signify the company's new focus on building its leading edge telecommunications network, which aims to expand wholesale service to commercial customers with end-to-end seamless support of voice data and multimedia services.''
ICN is building out a high-quality long distance switching network to offer a variety of wholesale and retail long distance services and customer support. The company plans to sell its services directly to global carriers, small- to medium-sized carriers, as well as agents, brokers and long distance resellers. Additionally, the company is actively seeking strategic alliances and partnerships with switchless and facilities-based providers in an effort to quickly grow and broaden its customer base.
Certain statements in this news release may constitute ''forward looking'' statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risks, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied, by such forward-looking statements to differ.
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Contact:
Integrated Communication Networks Inc.
Charles McGuirk, 310/452-1005
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Global Access Pagers
Company Information
Global Access Pagers Rescinds Phone Time Resources Merger
Wednesday January 27, 1999 6:25 pm Eastern Time Company Press Release
ESCONDIDO, Calif.--(BUSINESS WIRE)--Global Access Pagers Inc., a Nevada corporation (''Global'') (OTC:GAPI - news) announced a rescission of its proposed merger agreement between Phone Time Resources Inc. (''Phone Time''), a Delaware corporation and Global.
The Board of Directors of the respective companies have agreed to rescind any and all agreements relating to the merger between Global and Phone Time and to restore all parties to their original status prior to the merger.
Global will continue operating and functioning as a manufacturer and distributor of pagers and paging equipment manufactured and assembled in the United States and will continue its paging operation under the leadership of Tim Kataras as president.
For further information about prior purchases of GAPI or Phonetime Resources, Inc. stock please contact Regis Posino c/o Corporate Financial Enterprises 2224 Main Street, Santa Monica, CA. 90405 tel. 1-310-452-1005 fax 1-310-581-6806.
For new investment opportunities in Global Access Pagers please contact our CEO, Tim Kataras at our Escondido Offices, 1-760-480-0004.
Pager News: September 1998 : Global Access Pagers announces the first pagercard for Windows® CE palmtop computers. With Plug and Play compatibility the E*CE PagerCard ® makes any Windows® CE device into a pager capable of receiving email and news updates from the Internet as well as personal messaging.
Mission Statement
To provide our customers with an alternative American source of the highest possible quality pagers, pager products, pre-paid and other telephone services that exceed expectations in value, reliability and performance.
To provide our investors with an exceptional return on their investment.
To provide a positive, stable, ethical environment in which our employees and associates can reach their fullest potential.
1998 Update and Outlook
Global Access began as pager manufacturer 2 years ago capitalizing on Wireless and Telecom industry experience that now totals over 50 years of combined experience among our senior managers.
Pagers are the lowest cost consumer wireless device worldwide, the people's wireless communications.
In 1997 there were 120 million pager users in world, by the year 2000 there will be 200 million pager users worldwide.
Global Access pager sales in 1997 were $1.3 million; $2.5 million is forecast for 1998 and $5 million in 1999.
Paging Division R&D is internally financed through a series of joint ventures that enable us to secure product development and production engineering in exchange for our design and marketing services.
Global Access like Motorola, NEC, Panasonic, Philips and Casio sees pagers as one segment of an entire range of communications product and service offerings that we like these other corporations offer.
The acquisition of Phonetime Resources added Switched-based Telephone services to the Global Access product range. Currently we are offering Pre-Paid Phonecards on Retail and Wholesales basis, International Callback and soon Pre-Paid Cellular Service in selected US cities.
November 1998 was the 1st month that Phonetime Resources division switch operations were commercially viable. We expect sales of $30,000 in our 2nd month of operations. By the end of the 1st quarter of 1999 sales are anticipated to be over $100,000 per month with sales projections for 1999 topping $3 million for the year.
Global Access will be entering the International Callback market by February 1999 having entered into a long term agreement with Minitec Marketing, Inc. to both market their Majic Box® International Call-back equipment and to process all of Minitec's US domestic and International phone traffic. A Pre-paid cellular marketing program is being tested; we plan to have an alliance with cellular carrier in a major market by mid-year.
THE NEXT WAVE IN COMMUNICATIONS IS INTERNET PHONE SERVICE
Internet Phone (IP) services are going to be the next wave in communications worldwide. Projections are that global IP services, which were valued at $1.8 million in 1995, will be total over $1.9 billion in 2001.
Internet Phone service allows international calls to be made for the wholesale cost of two local phone calls; one of which is paid for by the consumer. Global Access and it's partners also bear the fixed cost of placing and maintaining an Internet Phone switches at the location placing the calls and the location receiving them. The difference between those costs and current international phone charges is often 80 to 90% of the retail call cost. The profit from IP services can be from 50 % to 80% even with significant price discounts.
We have lowest fixed cost for equipment in the industry. Our entry-level Internet Phone switch is $5,000 per location versus $30,000 from our larger competitors. Gaining the most local access points is a key strategy in winning the Internet Phone race. Having the lowest cost gives Global Access an enormous advantage.
A $5,000 IP switch can return up to $100K per year in profit, please refer to the What's New page of our web-site for more details on the financial aspects of our Internet Program.
We plan to have 5 switches installed by January 1999, 15 switches installed by mid-year with a total of 50 installed by the end of 1999. These switches will produce monthly revenue of $50,000 in January, and $150,000 in June, with 1999 IP switch revenue projected to be $5 million.
The Global Access marketing plan is that we do not sell the switches but lease them on a Revenue Sharing basis to Local Agents. This will enable each side of the partnership to be responsible for all local acquisition and support costs giving each side a vested interest in maintaining their revenue stream by maintaining and supporting the equipment that generates it.
This strategy will allow Global Access to rapidly build a sizeable asset in our global IP network infrastructure and marketing partnerships. Our 1st two Internet telephone links featuring our MICRO-NETip™ gateways are now operational linking Shanghai and Ningbo, China with our US Internet Hub and ultimately to our Los Angeles based worldwide International Phone system (PSTN) gateway.
Safe Harbor for Forward Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. These statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from the forecasted results. These risks and uncertainties include, among other things, product price volatility, demand, competition, risk inherent in the company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings.
Company History
Global Access Pagers was founded in early 1996 by industry professionals with over 40 years of combined industry experience. Global Access is third pager manufacturing operation our partners have founded since 1989. Among the US paging industry's current players, Motorola is the only America pager manufacturer that was not founded by members of our management team.
The ELite Keychain pager, which we introduced in September 1996 was the 9th pager design we have created since 1989. By comparison, Motorola over that same time period introduced 12 conventional pagers (not including pen, credit card and watch pagers).
In 1989 we created the Uniden Paging Division for the Uniden Corporation in Fort Worth, Texas. That division has grown to be the number three selling pager manufacturer in the U.S. market. Every product that they have sold up to September 1996 was developed under the engineering oversight of one or more of our founding partners.
In 1994 our engineering and production team members were hired by a U.S. company to create a new pager manufacturing operation. That organization was eventually staffed by all three founding partners as the heads of the engineering, production and sales departments.
Sales for this company grew from shipments a few thousand pagers in April 1995, their 1st month of sales, to over 80,000 units in the final 32 days of 1995, the last month all three partners were associated with that organization. We believe such growth made this the fastest growing pager manufacturing start-up in the industry's history. In the first quarter of 1996 we all left this company to start Global Access Pagers, Inc.
Global Access Pagers was incorporated in May of 1996. Initial funding was received in June and pagers began shipping on October 3rd, 1996. We have shipped over 50,000 pagers and have a reported D.O.A. failure rate of less than one per thousand units shipped.
We believe this is the lowest D.O.A. rate in the industry. This is possible because we test 100% of every shipment to determine that every product we ship exceeds our published specifications on the frequency and capcode that it was ordered on to insure the highest possible reliability.
In 1997 we passed approved vendor testing with Arch Communications, the nation's 3rd largest carrier. We continue to ship pagers to their customers all across the country.
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