Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Microcap & Penny Stocks : PAYP -- Ignore unavailable to you. Want to Upgrade?

To: slave who wrote (11)	6/3/1999 11:00:00 PM
From: onza	Read Replies (2) \| Respond to of 179

PAYP INFO: delecom.net Shares Authorized 1,750,000 Outstanding 500,000 PAY POP INC. - Conclusion Of $6 Million Financing Agreement Pay Pop, Inc. announced that its $6 million financing agreement with its New York based investment-banking syndicate has been finalized. Mr. Daryl Desjardins, President and CEO stated "the agreement calls for funding $4 million US dollars on a "Firm Basis" and the balance on a "Best Efforts" basis". He further went on to state that, "the funds would allow PAYP to expand its existing telecommunications base on a global basis with very little dilution to its shareholders." In related news, PAYP announced that it has made three additions to its marketing, sales and management team, Mr. Robert Abbott, Mr. Sanbir Minhas and Mr. Brian Cohen. PAYP believes the additions will assist with its explosive growth and expansion. The three bring significant experience in marketing, sales and subsequent growth and expansion to PAYP and they are already aggressively pursuing new markets and distribution channels for PAYP's telecommunications products. The initial target areas include Quebec, Alberta, Saskatchewan and Manitoba Canada. This new coverage area will greatly complement and enhance revenues. PAYP is already successful with its services in British Columbia and Ontario. PAYP believes the new marketing/sales teams in the immediate future will bring in up to ten thousand (10,000) new lines per month in Canada alone. PAYP provides its telecommunications products and services through its wholly owned subsidiary Delecom Communications, Inc. The combined corporate entities and seasoned management team are utilizing their extensive experience and are taking advantage of the opportunities being afforded in the current telecommunications evolution. PAYP provides traditional services such as business telephone lines (Centrex Services) and long distance reselling and leverages this platform to provide new revenue generating services which include Voice over IP (VOIP) and Fax over IP (FOIP). PAYP under new regulations and technologies will provide in the future a seamless convergence of voice, data and video on the same network to its customers. The company intends to seek approval for a name change, from Pay Pop Inc. to Delecom Communications Corp., at the company's next general meeting.