Up To Date Company Summary
WORLD'S FIRST WIRELESS VOICE MESSAGING SYSTEM
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™ Digital Wireless Messaging System, the world's first wireless voice messaging system to combine small pager size, low cost, and digital sound. It is an end-to-end wireless communications system that uses FM radio towers to deliver voice messages to small, battery operated voice pagers.
The Clariti Voice Paging Service can be used by business professionals as well as mainstream consumers, just like any other pager. Unlike most other pagers, however, the user receives a complete message in the voice of the sender instead of a telephone number or text message.
GlobalFirst sells a broad range of telecommunications products and services in the emerging European market. The primary countries in which GlobalFirst has revenue-generating operations are the UK and France, with pilot marketing progams in Germany and Spain. The Company is using a ‘smart build' strategy to achieve carrier status, and is deploying switches in the UK (operational in April, 1999) and France during 1999. Current products include wireline (national and international telephone services), wireless (mobile and paging) and value-added services (prepaid cards and travel cards). Both corporate and consumer markets are targeted via a variety of channels including: Direct Sales,Agent Sales,Franchising,Marketing Partners and Resellers.
Some Recent Press Releases:
Nov. 6, 1998 CLARITI TELECOMMUNICATIONS INTERNATIONAL, LTD. AND CHADWELL HALL HOLDINGS ENTER DEFINITIVE AGREEMENT TO FORM SIGNIFICANT TELECOMMUNICATIONS GROUP
Clariti Telecommunications International Ltd. and an international telecommunications group of Investors, represented by Chadwell Hall Holdings, Ltd. ("CHH'') of the B.V.I., have entered into a contract to create an international communications service provider.
Pursuant to the agreement, Clariti will acquire all of the outstanding stock of GlobalFirst Holdings, Ltd., a United Kingdom company ("GlobalFirst'') in exchange for 76,571,500 shares of Clariti common stock. GlobalFirst has operating subsidiaries and businesses located throughout Europe involved with corporate and residential telecom services including transatlantic fiber optic voice and data transmission, (through its virtual private telecom network), pre-paid mobile phones, prepaid phone cards and call offices, including 123 fully owned and licensed public communications centers in England, France, Italy, Spain and Germany. GlobalFirst is currently generating revenue at an annual rate of approximately $100 million. The combined companies will be known as Clariti Telecommunications International, Ltd.
February 12, 1999 CLARITI TELECOMMUNICATIONS INTERNATIONAL TO ACQUIRE MEDIATEL GLOBAL COMMUNICATIONS
Clariti Telecommunications International, Ltd today announced it has signed a definitive agreement to acquire MediaTel Global Communications, Ltd. , a switchless reseller of telecommunications services, headquartered in the United Kingdom. The Company has annualized revenues of approximately $40 million based on its most recent quarter.
"The proposed acquisition of MediaTel marks another step toward our goal of providing simple, powerful and affordable communications solutions to the worldwide marketplace," stated Peter S. Pelullo, Chairman and Chief Executive Officer of Clariti. "Our intention is to merge and integrate MediaTel with GlobalFirst Holdings, which we acquired late last year.
The combination of these two companies will provide vast economies of scale from, among others, an operation and sales and marketing standpoint, in addition to allowing entry into new markets, such as the small-to-mid sized enterprise market in France and the U.K. Going forward, we will continue to evaluate other telecommunications companies that would complement our investments in MediaTel and GlobalFirst."
March 18, 1999 CLARITI TELECOMMUNICATIONS INTERNATIONAL COMPLETES ACQUISITION OF MEDIATEL GLOBAL COMMUNCIATIONS
…Peter S. Pelullo, Chairman and Chief Executive Officer, noted, "We are extremely pleased to have completed the acquisition of MediaTel. The acquisition of MediaTel will increase our revenue stream, while providing operational and sales and marketing synergies. Furthermore, the combination of MediaTel and GlobalFirst will give Clariti a stronger market presence in the dynamic telecommunications market in the U.K."
April 26, 1999 CLARITI SIGNES FIRST DISTRIBUTION AGREEMENT FOR WIRELESS VOICE MESSAGING-Deal with Conectel, Brazil's #1 Paging Company, Validates Clariti's Innovative Wireless Technology Concept-
Clariti Telecommunications International 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™ 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.
April 29, 1999 CLARITI TELECOMMUNICATIONS INTERNATIONAL ACQUIRES MEGAHERTZ-NKO --Acquisition of Internet Telecommunications Service Provider Enables Clariti to Provide Broad Array of Voice and Data Telecom Services—
Clariti Telecommunications International, Ltd. today announced it has signed a definitive agreement to acquire MegaHertz-NKO, Inc. ("M-NKO"), a Jacksonville, Florida based provider of Internet Protocol ("IP") telephony, Internet and web-based services for consumers and businesses.
M-NKO offers products and services that meet most aspects of telecommunications including dial up and dedicated access, customized Web hosting, e-commerce, enhanced telecommunications and IP Telephony.
Peter S. Pelullo, Chairman and Chief Executive Officer of Clariti, said, "We are very excited to have M-NKO and its management team join the Clariti organization. M-NKO's existing managed IP network infrastructure, NKOnet, will allow us to quickly and cost-effectively expand our telecom business to countries outside of Europe, including the U.S., Brazil, South Korea, Mexico, Australia, and Israel. M-NKO's internet transmission technology provides us with the means to route our voice, fax and data traffic at a much lower cost than traditional telecommunications systems, while helping us expand our share of the market."
Mr. Pelullo added, "M-NKO's infrastructure will also be used to quickly build an international network for our ClariCastTM Digital Voice Messaging System. This acquisition, which we expect to be highly synergistic, will bring us closer to our goal of providing simple, powerful and affordable communications solutions to the global marketplace."
Eric Fixler, Chief Executive Officer of M-NKO added, "We are pleased to join Clariti Telecommunications at this exciting stage in the Company's development. The combination of the new group places us in a very strong competitive position to offer consumers and businesses a complete global solution. The products included over our managed IP network are low-cost local, international long distance, wireless, and World Wide Web services, as well as value-added services such as voice, fax and video over the managed IP network."
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