To: jdcpa who wrote (33 ) 4/26/1999 9:11:00 PM From: jdcpa Read Replies (1) | Respond to of 131
I had the opportunity to have a telephone conversation today with Jim Rossi, CEO of Solar Communications. Solar Communications Group, Inc. located in Millville, NJ will be merging very shortly into the shell of the former company, Thermaltec International Corp. (THRM). Thermaltec of West Babylon, NY has already commenced a deployment of its assets in Latin America and will shortly transfer it domestic assets. Current shareholders in THRM will keep their shares of THRM which will be the present Solar Communications and will receive a stock dividend in the form of a spin-off of the present metallurgical coating business of Thermaltec. Shareholders will receive one share of this spin-off, Panama Industries, for each share of THRM that they own as of the closing date of the merger. That date will be sometime in May and will be announced very soon. Solar Communications was formed in 1996 to provide quality communications alternatives to the business community. Its first major project is PCRoomLink which will revolutionize the lodging industry. Hotels will provide instant and efficient internet connec- tions through a separate wiring system with PCRoomLink. The business or other traveler will no longer need to rely on the telephone lines of the hotels but will have greatly expanded capabilities using the internet. Response so far has been overwhelming. Solar Communications is gearing up for a significant number of hotels wishing to have PCRoomLink. According to Jim Rossi, by fall the company projects completing wiring of one hotel each business day. Revenues will not only be earned by the PCRoomLink program but through advertising done by sponsors on the company web site. The growth is so significant that the company is already increasing its payroll by four to five employees each week. Hotels that belong to major chains will be participating in the PCRoomLink on an individual basis. Once the merger occurs, there will be a substantial advertising budget through national publications and television stations such as Forbes, Wall Street Journal, airline magazines and CNBC, to name a few. The strategic goal of the company is to make everyone in America aware of PCRoomLink. Solar Communications already has a public relations firm that will be writing news articles on PCRoomLink for the top business newspapers and journals in the country. PCRoomLink has negotiated and finalized deals with two major companies - AT&T and Compaq Computer. AT&T and Compaq will provide hardware and expertise. One contract has already been signed with Compaq Computer but a much larger deal is in the works. Jim Rossi told me that the company is constantly looking for new internet applications and will be expanding beyond the PCRoomLink. He said that he has a very qualified management team with much experience and talents. He is pleased to be working with Thermaltec CEO, Andy Mazzone, to give shareholders excellent value in two separate companies.