Cannabis Report
Home > Boards > US OTC > Miscellaneous >

Flint Telecom Group, Inc. (FLTT)

FLTT RSS Feed
Add FLTT Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 6/12/2018 11:46:34 AM - Followers: 197 - Board type: Free - Posts Today: 0

 

 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


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


 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

 

 

 

 

 

 

Cannabis Report
FLTT
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
PostSubject
#27824   Pick up some 0003 $FLTT trading super thin cybermoney30 06/12/18 11:46:34 AM
#27823   May get that 10 bagger after all ellen780 06/12/18 06:43:01 AM
#27822   time for the follow up FLTT cbo 06/11/18 02:41:37 PM
#27821   Didn't this same kind of thing happen back UFO 05/21/18 01:24:14 PM
#27820   You have to be in it to win ellen780 05/21/18 11:19:41 AM
#27819   If it does I'll have to laugh because DudeWheresMyFLTT 05/21/18 11:15:05 AM
#27818   I quess The rumor was bogus. Should be ellen780 05/19/18 02:34:31 PM
#27817   Oh well I quess Fltt had to sell ellen780 05/16/18 10:26:49 AM
#27816   UCHC just like this. Both of these WeihsJD 05/14/18 03:13:36 PM
#27815   True, very thin Crabby!! 05/14/18 07:49:17 AM
#27814   Just watch what will happen when this becomes m0n 05/13/18 09:58:11 PM
#27813   Same here, volume for a reason out of m0n 05/13/18 09:55:01 PM
#27812   I agree something is up here and that’s ellen780 05/12/18 12:25:58 PM
#27811   Volume for a reason, gotta be in it m0n 05/12/18 12:23:30 PM
#27810   No news or confirmation of rumor this week ellen780 05/12/18 12:11:04 PM
#27809   $FLTT almost cleared 0006 on Thursday. How m0n 05/12/18 11:13:08 AM
#27808   Loaded a few more...FLTT Crabby!! 05/12/18 10:40:44 AM
#27807   Where is the R/M rumor coming from? There pkc89 05/11/18 07:22:00 PM
#27806   Anytging else to add to the DD? Thursday m0n 05/11/18 05:54:04 PM
#27805   Yup ;-) adding more cheapies AddiUpTrend 05/11/18 03:50:19 PM
#27804   $FLTT 3’s getting slapped here m0n 05/11/18 03:48:49 PM
#27803   I loaded a lot of 3s now I AddiUpTrend 05/11/18 12:14:04 PM
#27802   Need some buyers now Imarket13 05/11/18 11:49:07 AM
#27801   $FLTT sellers appear to be gone. The last m0n 05/11/18 11:43:44 AM
#27800   $FLTT the $76 on the 3’s were somd m0n 05/11/18 11:41:02 AM
#27799   $FLTT yuuge manipulation m0n 05/11/18 11:14:59 AM
#27798   Was 0006 yesterday $FLTT EOM m0n 05/11/18 11:04:24 AM
#27797   Very thin.. Surprised we are still so low Imarket13 05/11/18 11:02:59 AM
#27796   $FLTT each step is not bloated m0n 05/11/18 11:01:21 AM
#27795   Not many 3s on ask.. Could be a steal Imarket13 05/11/18 10:42:08 AM
#27794   Watching down here. ProlificPeter 05/11/18 10:40:12 AM
#27793   4s up Imarket13 05/11/18 10:22:59 AM
#27792   Taking these cheapies 3s out :) AddiUpTrend 05/11/18 10:22:22 AM
#27791   Just wait for it its coming Bjpimen 05/11/18 10:10:14 AM
#27790   3s almost gone...what a steal!! Imarket13 05/11/18 10:07:47 AM
#27789   $FLTT clear out the sellers 6’s back up m0n 05/11/18 09:59:00 AM
#27788   L2 so thin w nick wack it goes Bjpimen 05/11/18 09:34:04 AM
#27787   Im in aswell... Could move quick and hard Imarket13 05/11/18 09:24:43 AM
#27786   $FLTT 5’s cleared yesterday and we had 2.x m0n 05/11/18 09:11:29 AM
#27785   Picked up a starter as well . Let's Bjpimen 05/11/18 08:45:56 AM
#27784   Picked up starter...moves on air. I believe there will Crabby!! 05/11/18 07:58:56 AM
#27783   Rumour of reinstatement and filings coming... I guess Imarket13 05/11/18 01:07:27 AM
#27782   Run on reinstatement rumor play nice $$$$$ pennyking130 05/11/18 12:21:22 AM
#27781   Nevada shows default, where is the rumor coming from? humbleboss 05/10/18 07:15:26 PM
#27780   Did you see someone whack this 25 shares m0n 05/10/18 06:30:42 PM
#27779   $FLTT end of day accumulation was yuuuge! m0n 05/10/18 06:28:33 PM
#27778   10,000% gainer rumor of reinstatement and fillings , Bjpimen 05/10/18 03:23:27 PM
#27777   Holly cow!!! ChartMasterpieces 05/10/18 03:19:58 PM
#27776   Lol AXX* went from 0006 to 0.37 In 3 AddiUpTrend 05/10/18 03:19:05 PM
#27775   How high did it go? ChartMasterpieces 05/10/18 03:16:55 PM
PostSubject