| An SI Board Since July 1999 |
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Coyotenet Inc. is an interesting little gem that places coin operated internet terminals in various high traffic locations. Not too proprietary, but certainly exciting if you understand that these terminals are forming a network.The machines average income of $800.00 per month but the power of this business plan is in the network. The value of each machine placed goes up with every new machine placed because the value of the network goes up with volume. Volume opens the door to other revenues like advertising and direct e- commerce. This is the sexy part, and the start of something big. The company is run by Glen Ninow of Vancouver who founded and ran a successful internet service provider in Vancouver called the Internet Store. Glen is a business man not a hype artist and you can expect a tight ship with him at the helm. ( If he could make it running a thin margin business like an ISP, he can run CoyoteNet Inc. ) Coyotenet has been ( or is in the process of being) folded into Consolodated Magna Ventures CMV- VSE.
I picked up a small chunk of private seed stock because I believe in the business plan and the people behind it. The people are solid, the product is compelling, and the market is huge. I am not ashamed to give it the nod of approval in these early stages as it fits my 21 Century Investment Strategy @ ontopequity.com
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