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Telefficiency is a Company that I recently started following. I believe that their story could manifest into a big win for shareholders. Below is a description of the Company, and its objectives.
Telefficiency Corp. - TTFC (TTFC.OTC BB)
> Shares Outstanding - 14 million {Fully Diluted}
Headquartered in Toronto, Telefficiency is a leading North American company that operates in what has become known as the "Interconnect" market. The Company's primary objective is to become the overall leader in this market through strategic acquisition.
In preparing for this growth, Telefficiency has assembled the necessary combination of administrative systems, experienced senior managers and a strategic supplier partnership with Nortel and Northern Telecom. In addition, a strong commitment to customer service and a dynamic corporate vision for the market puts Telefficiency firmly in position to consolidate the industry and become the pre-eminent Interconnect company in North America.
Telefficiency enjoys a strong alliance with Nortel, a leader in digital PBX and digital key telephone systems. Telefficiency sells, installs and services business telecommunication systems, with a primary focus on the distribution and service of Nortel's state-of-the-art telecommunications systems to business customers across North America.
Telefficiency's growth will be fueled by the quick and efficient assimulation of its acquired competitors. This greatly reduces the potential for service disruptions and provides customers with access to enhanced buying and service support. Further, it allows the acquired company to deliver better service at a lower cost to the customer. Most importantly, a large scale of operations enables Telefficiency to spread its training and service costs over a broader corporate structure, increasing profitability while allowing for continual improvements in the services it delivers to its customers.
The Company has expanded to more than 10,000 corporate clients and helped numerous international companies make full use of the productivity-enhancing benefits that new technologies are delivering. Telefficiency has successfully managed a growth rate in excess of 100%! Projections for the company are to break even in 1998, earning $0.06/share in 1999 and $0.18/share in 2000. Revenues for fiscal 1997 were reported at C$22.9 million, an increase of 160% over the C$8.9 million the previous year. Through acquisition and increased sales to existing customers, anticipated growth is expected to average 100% per year until the year 2000.
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