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Crys*Tel Telecommunications.Com, Inc. James Rodgers Suite 820 1140 West Pender St Vancouver, B.C. Canada 1-877-cry-stel www.crys-tel.com OTC BB: CYSS Fiscal Year End: 12/31/98 Shares Outstanding: 15 million Public Float: 6 million Market Cap: $ 47.9m 52 Wk. Range: $ 0.50 - $ 3.75 Revenues: 1998: $128,900 1999(est): $60,195,800 Crys*Tel Telecommunications, Inc. is an international facilities-based carrier that utilizes the Internet to provide economical international telecommunications services. These services include Internet telephony systems, "Dial-1" long distance, prepaid calling cards, prepaid cellular communications, and virtual office. Crys*Tel utilizes proprietary technologies to route telephone calls, faxes and other value-added services over the Internet at Substantial discounts to traditional telecommunications networks. Crys*Tel operates as both the wholesale carrier for international long distance re-sellers and as a retail carrier. Crys*Tel services its own network and markets the use of its network to consumers in designated areas. Crys*Tel is actively establishing international partnerships, joint ventures, and supplier relationships to expand and enhance its operations. Crys*Tel already has joint venture partnership agreements in Italy, Australia and India. Crys*Tel uses an advanced Voice Over the Internet Protocol (VOIP) Gateway Technology. This protocol allows users to use standard telephone equipment without the need for any additional equipment. The protocols further allow for phone-to-phone, phone-to-computer and computer-to-computer transmission. End-user telephone calls go through the Vienna Systems IP Telephony Gateway that converts the analog information into encrypted packets of digital information that is then sent via the Internet to another Gateway that converts the digital information back into analog form to be transmitted to the final destination. The Vienna Systems Gateway links traditional telephony networks to Internet Provider networks, allowing reductions in toll charges, network consolidation, and enabling new applications. Crys*Tel is exploiting the convergence of worldwide telecommunications deregulation and toll bypass technology and developing a state-of-the-art network that offers significant advantages and cost savings to end users, re-sellers, and carriers. Crys*Tel has already signed three international venture partners to commence operations during the first half of 1999. Crys*Tel Italia S.P.A. is expected to commence operations on Feb. 1, 1999. Crys*Tel Australia (Pty) Ltd. And Crys*Tel India (Pty) Ltd. Will commence general operations and technical training on February 23, 1999, and March 29, 1999, respectively. By March 1999, Crys*Tel expects to be operational in all three countries including Canada and Hong Kong. Crys*Tel is currently in the process of purchasing a comprehensive billing solutions system from MindCTI. The MindCTI billing platform will allow Crys*Tel to monitor and track all originating and terminating traffic passing through the network. For the Fiscal year starting January 1, 1999, revenues are expected to increase over 4,500% from $128,900 in the fourth quarter of 1998, to $5,962,700 in the first quarter of 1999 with EPS of $0.39. Fiscal year 1999 after-tax profit margins are expected to reach 49%. If successful, Crys*Tel could enjoy earnings growth of over 75% per quarter during its first year of operations. International Data Corp. estimates that the Internet Telephony market could become a $560 million per year industry. Further, Frost & Sullivan, another U.S. market research company estimates that the world-wide Internet Telephony market could total $1.8 billion in annual revenue by 2001. | ||||||||||||||
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