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To: LadyNada who wrote (33)2/26/1999 6:12:00 PM
From: ErnestPoe
   of 47
 
ENET.
Equalnet to Offer Free Long Distance, Telecommunications Advertisers to Pay Costs; Subscribers Acquired by Internet/Network Marketing


HOUSTON--(BUSINESS WIRE)--Feb. 26, 1999--Equalnet Communications Corp. (NASDAQ: ENET) Friday announced it has signed a letter of intent to acquire The Intelesis Group Inc., a development stage company located in Miami, that has pioneered technology for advertiser sponsored long distance telecommunication services.

FreeCaller(TM), the name of the new service, as well as the patent pending technology which supports the service, is designed to provide residential subscribers with one expressly selected 30-second advertising message at the beginning of each of their long distance telephone calls; calls lasting up to five minutes are then free. Intelesis plans to launch its service in the next 90 days and has had no revenues to date.

Equalnet will exchange 2.5 million common shares for all of the assets of Intelesis, including the above referenced software. Additionally, holders of both common and preferred shares of Intelesis may receive additional Equalnet common equity based on the performance of FreeCaller(TM) in the future.

"This is an exciting new paradigm for the long distance business," said Mitchell H. Bodian, Equalnet's president and chief executive officer. "Telephony is the only electronic communications medium not advertiser supported today. Radio, television, even the Internet, all depend on advertising as a major source of revenue. Telephony just developed according to a different model. We believe that there are numerous population segments that would welcome free long distance calls in exchange for listening to targeted advertising messages. Preliminary responses also indicate that many advertisers and their agencies believe FreeCaller(TM) is a great way to reach precisely targeted demographic groups, and provides an attractive and valuable alternative to more traditional media such as direct mail. FreeCaller's pinpoint targeting and interactive capabilities collapse the distance between advertisers and their customers."

Consumers who wish to subscribe for free long distance telephone service from FreeCaller(TM) are required to complete a simple but extensive demographic survey for all the telephone users in the household and select Equalnet as their residential long distance company. The advertiser pays for the first five minutes of the user's long distance call in exchange for the consumer listening to a 30 second message from the advertiser before the call's completion. The ad played is specifically chosen by the FreeCaller(TM) system based on the unique demographic profile analysis conducted by FreeCaller's proprietary software programs.

"FreeCaller(TM) provides Equalnet with the opportunity to both refocus and reinvent itself with this innovative strategy," said Mark Willis, Equalnet's chairman. "We believe that FreeCaller(TM) will be the exciting growth engine that helps reposition Equalnet in a unique telecom market niche."

According to Bill Rhodes, Equalnet's newly appointed chief operating officer, "Equalnet has the infrastructure in place to support a successful launch of FreeCaller(TM), as well as continue to provide the backbone for what I believe will be significant subscriber growth."

Equalnet disclosed that FreeCaller(TM) will be marketed under several brand names through, among others, its wholly owned network marketing subsidiary, ACMI, as well as via Intelesis' recently created agent network. Subscribers will have the ability to enroll by telephone, mail and the Internet. Advertising sales will continue to be the responsibility of Intelesis management, who have extensive experience in alternative media marketing. Equalnet added that it may make the system available to other companies and affinity groups on a licensed basis.

This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities and Exchange Act of 1934, as amended. All statements other than statements of historical fact, included in this news release, including without limitation, Equalnet's business strategy, plans and objectives, are forward-looking statements. Although Equalnet believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectation will prove to be correct. Numerous factors could cause actual results to differ materially from Equalnet's expectations, including without limitation, general economic and competitive factors. Additional risk factors are discussed in Equalnet's Annual Report on Form 10-K for the year ended June 30, 1998, which is on file with the Securities and Exchange Commission. Readers should carefully review the cautionary statements and risk factors described in documents filed by Equalnet from time to time with the Securities and Exchange Commission.

CONTACT:

Equalnet Communications Corp., Houston

Mitchell H. Bodian

or

Shaunna Jones (investor relations), 281/529-4611

KEYWORD: TEXAS FLORIDA







BW0158 FEB 26,1999

11:50 PACIFIC

14:50 EASTER

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To: Gennaro who wrote (30)2/27/1999 1:08:00 PM
From: CaraMia
   of 47
 
COLIN>>> I remember you from DCTC thread...How are you sugar....

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To: LadyNada who wrote (33)2/27/1999 6:10:00 PM
From: stock leader
   of 47
 
Seen this before--ENET's goin' Chapter 11

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To: stock leader who wrote (36)2/28/1999 10:20:00 PM
From: Logistics
   of 47
 
ENET is reorganizing. I have seen many stocks move up during reorganization. Momentum looks good - lots of volume and coming off the bottom.

JL

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To: stock leader who wrote (36)3/1/1999 8:27:00 AM
From: Joe Copia
   of 47
 
Seen this before--ENET's goin' Chapter 11

What sort of proof do you have?

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To: Logistics who wrote (37)3/1/1999 8:50:00 AM
From: ErnestPoe
   of 47
 
I am with you Logistics. I feel there is much more upward momentum left in ENET. I will be holding long.

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To: ErnestPoe who wrote (34)3/1/1999 2:43:00 PM
From: Karl Zetmeir
   of 47
 
No one thinks ENET gave away a bit much ... 2.5 million shares ... for Intelesis?

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To: Karl Zetmeir who wrote (40)4/7/1999 3:29:00 PM
From: CaraMia
   of 47
 
BIG NEWS..
WAKE up out there its time to rock
HOUSTON (April 7) BUSINESS WIRE -April 7, 1999--Equalnet Communications Corp. (Nasdaq: ENET) announced today that they intend to acquire Network Communications Solutions, LLC ("NCS") a privately held Internet service provider, Web host and design firm based in Modesto, Calif.

NCS is an Internet e-commerce enabler that provides turn-key e-commerce solutions for network marketing organizations by providing individual network marketing consultants with personal e-commerce enabled web pages. NCS facilitates network marketing companies' creation of virtual communities for their members and also develops unique software applications tailored to individual requirements. NCS currently has contracts with approximately 20 network marketing companies, which have approximately one million distributors in the U.S., Canada and Europe.

Industry sources indicate that there are over 20 million people associated with the thousands of network marketing companies in the United States, and that retail sales through network marketing are over $20 billion annually. In addition to serving network marketing companies, NCS also develops and provides Web enabling e-commerce solutions for affinity groups

According to Forrester Research, a technology analyst and research firm, the market for Web and application hosting services is projected to grow to $15 billion in the year 2002, from just under $1 billion in 1998. By 2003, U.S. e-commerce is projected to leap beyond $1.4 trillion in sales.

"We believe this acquisition will bring us preferred access to cross-sell our suite of telecom products and services to member companies and their network marketing consultants," said Mitchell Bodian, president and chief executive officer of Equalnet. "Additionally, we intend to use our established distribution channels to offer the complete range of Internet products and services provided by NCS to our existing subscriber base."

"This is a further step in the evolution of Equalnet away from its origins as a long distance reseller and toward more dynamic and rapidly growing niche markets with innovative products and services. The Internet represents the ultimate wide area network (WAN) and telecommunication providers should naturally address integration of voice and data communication, WAN system development and e-commerce software solutions. Combining NCS' strengths with those of Equalnet allows us to rapidly introduce turn-key Internet communications solutions to vertical niche markets."

Don McNely, founder and chief executive officer of NCS added, "We have a proven business model that combines rapid Internet growth with defined market niches - network marketing companies and affinity groups. The acquisition of NCS by Equalnet should permit us to operate more efficiently, accelerate the growth of our client base, offer a complete range of Internet and other telecom services and provide unique software e-commerce solutions to our customers."

Total consideration for the acquisition will be $1 million of Equalnet stock to be paid at closing, plus Equalnet stock equal to five times the average monthly revenue of NCS at the end of the first year following the acquisition. Closing of the transaction is expected to occur before the end of April and is subject to definitive documentation and approval by the Board of Directors of Equalnet. This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. All statements other than statements of historical fact included in the press release, including without limitation, Equalnet's business strategy, plans and objectives, and forward-looking statements. Although Equalnet believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such explanations will prove to be correct. Numerous factors could cause actual results to differ materially from Equalnet's expectations, including without limitation, general economic and competitive factors, and the possibility that the acquisition of NCS by Equalnet will not be consummated. Additional risk factors are discussed in Equalnet's Annual Report on Form 10-K for the year ended June 30, 1998, which is on file with the Securities and Exchange Commission. Readers should carefully review the cautionary statements and risk factors described in documents filed by Equalnet from time to time with the Securities and Exchange

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To: CaraMia who wrote (41)10/30/1999 8:12:00 PM
From: Chartgod
   of 47
 
CaraMia, you still following this one please?

thx...jim

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To: Chartgod who wrote (42)11/1/1999 8:55:00 AM
From: CaraMia
   of 47
 
No sorry I am not...Best to you

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