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Flint Telecom Group, Inc. (FLTT)

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 http://www.flinttelecomgroup.com/

 Flint Telecom Group Inc.(FLTT) is a telecoms technology organization. Flint Telecom focuses on the following 2 Business Segments:


Cable & Voice Corporation: Modem, cable and other telecom equipment supplies to leading cable and rural telecom operators in the United States.

Prepaid Telecom Services: The Provision and Distribution of 'Integrated' prepaid calling and cellular products in the United States and Internationally.

http://www.flinttelecomgroup.com

http://www.flinttelecomgroup.com/index.php?page=subsidiaries_190239

FLTT currently has two operating companies, Cable and Voice Corporation, that distributes cables and modem equipment primarily to cable operators and other operators in the U.S., and Flint Prepaid, Inc, that is planned to grow organically in the prepaid telecom services area without the need for additional capital. These businesses are operationally self sufficient on a day-to-day basis and primarily reflect the operating profit of $177,928 reported in the quarter ended March 31, 2012.

http://www.flinttelecomgroup.com/index.php?page=pressrelease&action=view&pressrelease_id=66

Deloitte ranked number 78 FLTT within 500 tech companies


Flint Telecom ranked number 78 on Technology Fast 500TM, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.

http://www.flinttelecomgroup.com/index.php?page=home

FLTT~~ Strategic Partners

http://www.cableandvoicecorp.com/store/aboutus_partners.asp

FLTT SUB COMPANY



 
http://www.cableandvoicecorp.com/store/index.asp

 

Strategic Partners and Product Lines
 
NCTC logo
 
   

   

 

 

 





   
   
   
 
              




Cable and Voice Corporation is a leading value-added master distributor of advanced broadband products and services to Cable, Telecommunications, Enterprise, , and Service Provider customers throughout the world.

For over 9 years Cable and Voice Corporation's staff, has provided technical expertise and advise, fast service and competitive prices on quality broadband, VoIP and wireless products. The Company offers a wide range of products and services which includecable modems, cables, UPS units, AV Powerline and Homeplug adapters, Wi-Fi and cellular wireless hardware and software applications, Intelligent Telephone Adapters (ITA) and IP Telephones for VoIP services and other customer premise equipment. Cable and Voice Corporation also offers white label digital voice services to its customer base that are provided by another Flint subsidiary, Digital Phone Solutions, Inc.
The Company's customers include many of the top 10 largest cable operators, as well as regional and local providers. The Company was awarded one of the first Platinum Vendor designations for the National Cable Television Cooperative (NCTC), which gives the Company unique access to more than 1,000 independent cable companies with over 15 million subscribers throughout the United States.

http://www.flinttelecomgroup.com/index.php?page=cable__voice_corporation


 FLTT Annual Revenue 10.7  million dollars as of june 30, 2012

http://www.otcmarkets.com/financialReportViewer?symbol=FLTT&id=90981


FLTT reported a net profit of $2,036,925 for the three months ended March 31, 2012

PAGE 27

http://www.otcmarkets.com/financialReportViewer?symbol=FLTT&id=83126


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 FLTT 11 million dollars coming

Flint sold all of the stock of the Targets owned by Flint in exchange for a potential maximum of $11,000,000 in deferred cash payments, to be paid over a period of five years and contingent on future revenues earned by the Targets. The payments shall be made in the form of a revenue share based on actual customer usage and include a minimum total of $2,440,000 in cash, to be paid through minimum monthly payments of $40,000 payable from month 14 to month 29 and minimum monthly payments of $60,000 payable from month 30 to month 60. This total consideration is subject to a number of third party deductions, as follows and in accordance with an escrow agreement by and among Flint and Flint's secured lender, Thermo Credit LLC: $2,000,000 must be used to repay Flint's outstanding secured loan issued from Thermo Credit, LLC; $3,000,000 shall be set aside and paid to Flint's Series H Convertible Preferred Stock Holders in exchange for the return of the Series H Preferred Shares, at the Preferred Holder's option and pursuant to a settlement agreement, and $1,000,000 must be used to repay certain accrued payroll liabilities of the Targets. The foregoing descriptions of the Share Purchase Agreement, the Escrow Agreement and the Settlement Agreement are qualified in their entirety by reference to the full text of the Share Purchase Agreement, the First Amendment to the Share Purchase Agreement, the Escrow Agreement and the Settlement Agreement, which are attached to Flint's Supplemental Information Filing dated March 21, 2012 as Exhibits 2.1, 2.2, 2.3 and 2.4, and are incorporated herein by reference.
The company recorded a gain of $1,103,554 on the disposal of the above companies for the three and nine months

page 14

http://www.otcmarkets.com/financialReportViewer?symbol=FLTT&id=83126

~~~~~~~~~~ FLTT SHARE STRUCTURE ~~~~~~~~~


FLTT share structure as of March 31, 2012

Number of Shares Authorized (A/S) 900 million

Number of Shares Outstanding (O/S) 768 million

Freely Tradable Shares (Float) 766 million


PAGE 3

http://www.otcmarkets.com/financialReportViewer?symbol=FLTT&id=83126

-------------------------------------------

FLTT share structure as of Sept 14, 2012

Number of Shares Authorized 900 million

Number of Shares Outstanding 769 million

Freely Tradable Shares (Float)767 million


Page 6

http://www.otcmarkets.com/financialReportViewer?symbol=FLTT&id=90981


http://www.otcmarkets.com/financialReportViewer?symbol=FLTT&id=83126

 SHAREHOLDER NEWS LETTER (June 05, 2012): SHARES WILL NOT INCREASE, NO REVERSE SPLIT


Management currently has no plans to ask shareholders to increase the authorized shares or effect a reverse split of the shares.

http://www.flinttelecomgroup.com/index.php?page=pressrelease&action=view&pressrelease_id=66
 

Contact Info
  • 7500 College Blvd.
  • Suite 500
  • Overland Park, KS 66210
  •  
 
 


 
Insiders hold 22% of shares

http://www.otcmarkets.com/financialReportViewer?symbol=FLTT&id=90981
 

 

FLTT Transfer Agent ~
Computershare Trust Company Inc. 
350 Indiana St.
Golden, CO 80401
303-262-0600

Investor Relations Contact ~ Investor Contacts : Flint Telecom Group Inc

http://www.flinttelecomgroup.com/index.php?page=investor_relations


 

FLINT TELECOM SELLS PREPAID DEBIT CARD AND REMITTANCE BUSINESSES TO AUSTRALIAN PARTNER

Mar 21, 2012


OVERLAND PARK, KS--(Marketwire -03/23/12)- Flint Telecom Group, Inc. (http://www.flinttelecomgroup.com) (OTC.BB: FLTT.PK - News), a telecoms technology and services organization, today announces that it has completed the sale of three of its subsidiaries, Ingedigit International, Inc. ("III"), Gotham Ingedigit Financial Processing Corp ("P2P") and Connect2Family USA, Inc. ("C2F"), to Brankib Holdings Pty. Ltd, an Australian registered company.In accordance with the completed Share Purchase Agreement, Flint sold all of the shares it currently held in the subsidiaries in exchange for cash consideration, to be paid over a period of five years contingent on future revenues earned by the companies. Under the terms of the agreement, Flint will be paid an agreed fee for each customer transaction during the contract period up to a maximum of $11,000,000. However, the total amount payable to Flint is contingent and variable based on actual customer usage in the future. The agreement does call for minimum payments totaling $2,440,000 in cash over the contract period.All consideration received by Flint is subject to a number of third party deductions as follows; $1,000,000 must be used to repay certain liabilities of the subsidiaries; $2,000,000 must be used to repay Flint's outstanding secured loan issued from Thermo Credit LLC and $3,000,000 shall be set aside and paid to Flint's Series H Convertible Preferred Stock Holders in exchange for the return of the Series H Preferred Shares, at the Preferred Holder's option and pursuant to a settlement agreement.Commenting on the deal, Vincent Browne, Chairman of Flint, said, "Following a lengthy period of review of our existing operations since last Autumn, we are pleased to finally complete this sale to Brankib, our existing partner in the previously announced Vietnamese projects. We have given this transaction serious consideration and feel that this represents the best option for all of Flint's stakeholders, as Brankib has contracted to invest a further $1 million in the businesses as part of this transaction, in addition to the $500,000 they have already provided over the past six months. This means that Flint will potentially benefit from the rapidly growing market for these services over the next few years without having to further fund the operations. Given the continuing challenge that Flint faces in raising capital following the failure of the Kodiak funding process last year and the continuing low share price of Flint's common stock, the board decided that this was the best option available to the Company and would deliver the best outcome for its stakeholders over time. We wish the team at Brankib and the management and staff of the subsidiaries the very best for the future and we will continue to support the businesses in any way possible so that we can all maximize the returns available from this exciting market."


____________________________________________________________________________________________________________________________________

 





Letter to Shareholders - Corporate Update

05th June 2012
 

 

  •    

 


  

 

Vincent Browne

  • Chairman and CEO

    The former Head of Procurement with Esat BT in Ireland. In this position, Vincent also managed the Carrier Services division of Ireland's leading competitive carrier with responsibility for the impact of the division on carrier profitability as well as driving retail sales and subscriber acquisition programs. On leaving Esat he founded and managed Prime Carrier in 2000, which has in its short lifetime established itself as the market leader in the supply of advanced least cost routing and switch management systems to the global carrier wholesale markets with over 50 customers in 25 countries. Vincent resigned his executive role with Prime Carrier to found Flint Telecom in 2005.

     

  • Bernard A. Fried

    President and COO

    Mr. Fried has over 30 years of telecom and technology experience. He has applied his business development, operations, and sales skills to consult with Fortune 1000 and international companies in the US, India, the Philippines, and Australia. His clients included such companies as American Electric Power, AT&T, Capital One, Telstra, and Nippon Telephone. During his career, he has held numerous executive positions in the call center, telecommunications, and biometric industries. Since 1975, Mr. Fried has developed and implemented successful sales and marketing strategies and marketing programs for telecommunications companies. He currently serves on the Board of Directors of the United States Internet Industry Association, and is a former Board member of Ascent (merged into Comptel), one of the primary telecommunications industry associations. Throughout his career, Bernie has helped companies introduce programs, products, and services for entering new markets; taught telecommunications and proposal writing courses for corporate and government officials at the State University of New York; and currently teaches management and leadership courses in the School of Professional and Graduate Studies at Baker University in Kansas.

    FLTT Daily Chart

 

 

 

 

 

 

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FLTT
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PostSubject
#27632   IMO Vincent is converting his Series I Convertible DudeWheresMyFLTT 07/03/15 12:35:48 PM
#27631   IMO Vincent is converting his Series I Convertible DudeWheresMyFLTT 07/02/15 07:01:24 PM
#27630   Vincent stop your making me crack up lmao ellen780 06/30/15 11:17:32 AM
#27629   IMO ITKH needs Former AMEX listed now NYSE DudeWheresMyFLTT 06/30/15 11:13:48 AM
#27628   If ITKH REVERSE MERGES with FLTT how many DudeWheresMyFLTT 06/30/15 11:06:54 AM
#27627   Why, that would add liabilities to ITKH & bugs_bunny 06/26/15 05:42:00 PM
#27626   If ITKH is to uplist IMO they will DudeWheresMyFLTT 06/26/15 05:12:17 PM
#27625   Stop the BS your worse than Vincent or ellen780 06/26/15 06:45:37 AM
#27624   Level II shows a 4,149,000 share trade DudeWheresMyFLTT 06/25/15 01:41:34 PM
#27623   He is either trying to dump all his ellen780 06/24/15 04:12:04 PM
#27622   How can it be CF+ when there is bugs_bunny 06/24/15 02:26:26 PM
#27621   Per Vincent I can give you four ellen780 06/24/15 12:03:34 PM
#27620   Per Vincent FLTT is CF+ and needs no DudeWheresMyFLTT 06/23/15 06:11:36 PM
#27619   Why would ITKH want to do this? What value bugs_bunny 06/23/15 02:47:19 PM
#27618   And how do you know this? I DudeWheresMyFLTT 06/23/15 02:08:42 PM
#27617   Oops NO merger, acquisitions or reverse, happening. bugs_bunny 06/23/15 12:26:07 PM
#27616   FLTT and ITKH year end is 6-30-2015. DudeWheresMyFLTT 06/23/15 10:25:27 AM
#27615   Therefore there will be merger, reverse or acquisition DudeWheresMyFLTT 06/23/15 10:14:11 AM
#27614   Have you seen any Financial Reports regarding Debt bugs_bunny 06/23/15 09:17:31 AM
#27613   FLTT IMO now has no debt and is DudeWheresMyFLTT 06/23/15 06:03:32 AM
#27612   Can you not read? "No way this going to bugs_bunny 06/23/15 01:52:01 AM
#27611   MASSIVE FLTT ACCUMULATION for 3 years now! DudeWheresMyFLTT 06/22/15 07:53:04 PM
#27610   Year end for FLTT and ITKH 6-30-2015. DudeWheresMyFLTT 06/22/15 07:47:16 PM
#27609   IMO FLTT will REVERSE MERGE with ITKH so DudeWheresMyFLTT 06/22/15 07:36:59 PM
#27607   IMO a 100 share FLTT trade = 1,250,000 DudeWheresMyFLTT 06/19/15 10:29:57 AM
#27606   Completely amazing for such a worthless POS stock bugs_bunny 06/18/15 03:59:57 AM
#27605   Looking for a 1 or 2 share FLTT DudeWheresMyFLTT 06/17/15 02:25:09 PM
#27604   Amazing for such a worthless POS, it's bewildering bugs_bunny 06/17/15 04:01:27 AM
#27603   Almost 12,000 traded AXLX! DudeWheresMyFLTT 06/16/15 05:24:42 PM
#27602   Let's see if AXLX trades 12,500 shares today. DudeWheresMyFLTT 06/16/15 07:41:47 AM
#27601   Did I read that right, 1 share traded bugs_bunny 06/15/15 07:07:10 PM
#27600   I better get more .00001's before IMO a DudeWheresMyFLTT 06/14/15 12:23:18 PM
#27599   Get ready for a REVERSE MERGER with FLTT DudeWheresMyFLTT 06/14/15 12:15:45 PM
#27598   Doesn't FLTT and AXLX already have 3 to DudeWheresMyFLTT 06/09/15 08:38:01 AM
#27597   Vincent's Series I Convertible Preferred Stock. If he DudeWheresMyFLTT 06/05/15 09:24:26 AM
#27596   I'll keep buying and see. Sure want DudeWheresMyFLTT 06/03/15 05:19:37 PM
#27595   As I have told you 'No one is bugs_bunny 06/03/15 05:17:22 PM
#27594   Don't need FlintTelecomGroup.com anymore if FLTT is AXLX. DudeWheresMyFLTT 06/03/15 05:17:17 PM
#27593   Sad they can't even afford $2295. You have ellen780 06/03/15 11:06:09 AM
#27592   I may buy FLTT just for fun. DudeWheresMyFLTT 06/03/15 09:52:04 AM
#27591   Why can't I get any .0001's???? Looking DudeWheresMyFLTT 06/02/15 06:20:19 PM
#27590   Vincent must now be converting his Series I DudeWheresMyFLTT 05/27/15 01:03:37 PM
#27589   I already had FLTT at .0001 long ago DudeWheresMyFLTT 05/25/15 09:51:31 AM
#27588   IMO I'm the majority shareholder in FLTT and DudeWheresMyFLTT 05/25/15 09:48:47 AM
#27587   I'll be adding more ITKH and FLTT shares DudeWheresMyFLTT 05/23/15 02:37:48 PM
#27586   IMO FLTT will MERGE with ITKH. After looking DudeWheresMyFLTT 05/22/15 05:31:21 PM
#27585   Watch trades between ITKH, FLTT and AXLX. All DudeWheresMyFLTT 05/21/15 06:00:27 PM
#27584   CDEL do you have 2,909,000 hiding on the DudeWheresMyFLTT 05/21/15 10:01:48 AM
#27583   Why is CDEL hiding their bid? DudeWheresMyFLTT 05/21/15 09:50:30 AM
#27582   Why is the ask .0003 and not .0001 DudeWheresMyFLTT 05/21/15 09:44:22 AM
PostSubject