I added CLRI to the InvestRight Index today. The stock appears to be on the verge of a major breakout. Here's is some information from Yahoo:
biz.yahoo.com
Here is the most recent press release:
Monday April 26, 7:26 am Eastern Time
Company Press Release
Clariti Signs First Distribution Agreement for Wireless Voice Messaging Products
PHILADELPHIA, Pa. & SAO PAULO, Brazil--(BUSINESS WIRE)--April 26, 1999--
-Deal with Conectel, Brazil's No. 1 Paging Company, Validates Clariti's Innovative Wireless Technology Concept-
Clariti Telecommunications International (OTC:CLRI - news) today announced that its wireless division, Clariti Wireless Messaging, has signed a Memorandum of Understanding (''MOU'') with Acme Paging, the largest provider of paging services in Latin America.
Under the terms of the MOU, Acme Paging will sell Clariti's digital voice pagers and wireless voice messaging services in Brazil through Acme's subsidiary, which operates under the Conectel brand name. This marks the first distribution agreement that Clariti has signed for its patented ClariCAST(TM) Digital Wireless Messaging System. Other terms of the agreement were not disclosed.
According to the Yankee Group, a leading international market research firm, Conectel has the number one market share in Brazil, with more subscribers than any other paging service provider. Conectel offers text and numeric paging services in all of its major markets.
Barbara Svec, General Manager in charge of Acme's Latin American paging operations said, ''We are very excited to be the first company in Brazil that will offer Clariti's innovative wireless voice messaging service. Conectel has grown rapidly by bringing leading- edge technologies to our Brazilian customers, and we believe voice paging will represent a significant portion of our business in the near future.'' Ms. Svec continued, ''Partnering with Clariti will allow us to grow our subscriber base in existing markets, plus it provides us with a way to quickly expand into new markets.''
Mike McAndrews, President of Clariti Wireless Messaging said, ''We are extremely pleased to announce this distribution agreement with Conectel, which has one of the strongest distribution networks in Brazil. We have worked long and hard to develop our new paging system, and are eager to demonstrate the capabilities of the ClariCAST(TM) Digital Wireless Messaging System to the worldwide paging industry. We are proud to partner with Conectel to introduce our technology to
Brazil.''
Ms. Svec concluded, ''Brazil, the fifth largest country in the world, has a population of nearly 160 million people, and an economy that represents 33% of the GDP of all of Latin America. Despite Brazil's much-publicized recent economic difficulties, the market for wireless telecommunications continues to experience rapid growth. During the past four years, the paging market alone has grown from approximately 220,000 subscribers to over 1.5 million subscribers today. We look forward to working with Clariti to bring this new generation of wireless voice communications to the people of Brazil.''
Acme Paging
Acme Paging is an international paging company that owns subsidiaries with operations in Brazil, Argentina, Colombia, and Venezuela. In addition, Acme has been granted licenses to offer paging service in Uruguay and Chile. The largest provider of paging services in Latin America, Acme has consistently lead growth rates in the region since the start of operations in 1994.
Clariti Telecommunications
Clariti Telecommunications International, Ltd. is a diversified international telecommunications company headquartered in Philadelphia. The Company consists of 2 divisions - Clariti Wireless Messaging and GlobalFirst. Clariti Wireless Messaging is currently developing the ClariCAST(TM) Digital Wireless Messaging System, the world's first wireless voice messaging system to combine small pager size, low cost, and digital sound. The ClariCAST(TM) system combines a full-featured voicemail system with wireless voice pagers. This patented communications technology uses FM subcarrier frequencies, so it can be quickly installed in any city where FM radio towers exist. Clariti plans to market its wireless voice messaging services worldwide, including rapidly growing wireless telecom markets such as Europe, Latin America, and the U.S. GlobalFirst provides diversified telecommunications services, including domestic and international long- distance, pre-paid mobile phones and calling cards, primarily in the United Kingdom and France.
For further information on Acme's Brazilian paging business, contact James Meaney, General Manager, Brazilian Operations 011-55-11-3179- 5008 or visit their website at www.conectel.com.br. For further information on Clariti Telecommunications International, contact: Morgen-Walke Associates (212) 850-5600; Cheryl Schneider, Hulus Alpay or John Blackwell, Investors; Michael McMullan or Jamie Kohn, Media, or visit Clariti's website at www.clariti.com.
Approved by:
Clariti Telecommunications, Mike McAndrews, President - Clariti Wireless Messaging
Acme Paging, Barbara Svec, General Manager - Latin America
Special Note Regarding Forward-Looking Statements: This press release contains certain forward-looking statements, including statements about growth prospects in Brazil and Clariti's voice paging system, that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, changes in telecommunications regulations, changes in consumer demand for telecommunications products, and various other factors beyond the control of the companies. This includes such factors as described from time to time in the SEC reports filed by Clariti Telecommunications International, Ltd., including the most recently filed Form 10-KSB.
Contact:
Acme Paging
James Meaney, 011-55-11-3179- 5008
For Information on Clariti Telecommunications,
Morgen-Walke Associates
(212) 850-5600
Investors:
Cheryl Schneider, Hulus Alpay or John Blackwell
Media:
Michael McMullan or Jamie Kohn
biz.yahoo.com |
