|Moderated By: dbmedia -- (Not Moderated) -- Started: 10/13/1998 1:20:00 PM Revision History|
Emerging Company Report; Business Telecommunications Service and Transaction Automation Featured
Hollywood, CA-Emerging Company Report, the nationally syndicated television program which profiles emerging-growth companies (http://www.emergingcompany.com), features interviews this week with the people behind Telefficiency Corporation (OTC-BB: TTFC) and Sims Communications, Inc. (Nasdaq: SIMS)
Telefficiency Corporation President and CEO Michael Burnet described his company as being in the high-technology telecommunications business, “ but our product is good, old-fashioned customer service. The giants, namely AT&T (NYSE: T) and MCI (Nasdaq: WCOM) are concerned with controlling the lines in and out of homes and businesses. We provide everything to small and medium sized businesses except the dial tone. The service end of the industry achieves growth rates of up to 50 percent per year, compared to only 10 percent in hardware sales.” The company projected 1998 revenues to approach $25 million.
Mark Bennett, President and CEO of Sims Communications, Inc. announced a strategic alliance had been entered into with Bergen Brunswig (NYSE: BBC), “a $14 billion company”, said Mark. Sims also announced it had signed a letter of intent to acquire the assets of MedCard Management Systems' Inc. Ron Pizzolo, President and CEO of MedCard explained the MedCard medical insurance processing system enables a doctor's office to process an entire month of insurance claims in one hour. “The process of handling medical insurance billing is the single largest logistical problem facing the health care industry”, said Pizzolo. Sims' transaction automation ATM terminals are in 600 fast-food outlets and a McDonald's (NYSE: MCD) test showed consumers spent up to 53% more in the restaurant when a Sims' terminal was available. “With the system of Medcard and the alliance of Bergen Brunswig, the elements of the Sims' business operation is now complete”, said Bennett.
Other companies discussed on Emerging Company Report this week include ;
Jaws Technologies, Inc. (OTC-BB: JAWZ) has developed and is marketing what the company describes as the world's strongest data encryption software. “We recently held a contest to crack a Jaws code with a $5 million reward”, said CEO Robert Kubbernus. “. Every amateur and professional hacker came at us for 60 days and no one was successful.”
Mustang Software, Inc. (Nasdaq: MSTG) is a true turnaround story. “We went from having 150,000 customers, to zero customers”, said CEO Jim Harrer. Now we are getting calls from companies like GTE (NYSE: GTE) and Lucent (NYSE: LU) asking us to buy our products”, said Harrer.
Planet City Software, Inc. (OTC-BB: PINC) says it has the $49.95 solution to the Year 2000 problem or Y2K. The company announced on the television program, a contract with America Online (NYSE: AOL), wherein AOL's millions of users will be able to test their PC for compliance online while browsing AOL.
Viewers of Emerging Company Report can receive free information in the mail about the featured companies by calling a toll-free phone number on the TV screen. The television program, which has been on the air for 101 weeks, is seen Friday evenings at 11:00 ET, 8:00 PT , Sunday mornings at 11:30 ET, 8:30 PT and Monday through Wednesday mornings at 10:00 ET, 7:00 PT, on 140 cable TV systems nationwide.
The program is also available to view “ On-Demand” at their web site, emergingcompany.com
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