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Microcap & Penny Stocks : 1 reseacher looking for Co's created by Reverse Merger

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To: Rob J who wrote ()1/8/1998 8:55:00 PM
From: Jamessmith  Read Replies (1) of 34
 
Wavetech Inc. ( Nasdaq : ITEL) just had a reverse merge with profitable Imagitel Inc. ($40 MM revenue in 1997 and $6 MM in 1996). It can be very interesting.

Business Summary

Wavetech creates interactive communication systems through the application of ''intelligent call processing'' technology and proprietary software. For the fiscal year ended 8/97, revenues rose from $20 thousand to $866 thousand. Net loss fell 12% to $1.6 million. Revenues reflect higher installation revenue and resale of international long distance minutes. Net loss reflects increased expenses due to the installation of the Interpretel system, and increased advertising expenses.

52-Week Low $0.313
Recent Price$0.50
Week High$1.031
Daily Volume (3-month avg):54.2KShare
Market Capitalization$6.63M
Shares Outstanding: 15.1M
Shares Floating: 8.6 M

For their recent price, charts and news release, please check the following link:
biz.yahoo.com

For their recent SEC filings, please check the following link:
sec.yahoo.com

SI thread, please check the following link:
Subject 7739

Company address: 5210 E. Williams Circle, Suite 200
Tucson, AZ 85711
Phone: (520) 750-9093Fax: (520) 750-9110
Officers: Terence E. Belsham, Chmn.
Gerald I. Quinn, Pres./ CEO
Lydia M. Montoya, CFO
Richard P. Freeman, VP-Investor Relations
Donna S. Moore, VP.

James
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