IT Group Holdings (fka ITGL)

[TechKim]

It propaganda of the best kind! It is called TRUTH and EXPOSURE!

[Tina]

pssssssssssst it's a TOU to spam competing board on ihub!

[TechKim]

RagingBull fixed their ITGL message board, after only one request. So hopefully that will help.

http://ragingbull.quote.com/mboard/boards.cgi?board=BB:ITGL


=============================================================
Hello,



The board has been updated. Thank you for your suggestion.

http://ragingbull.quote.com/mboard/boards.cgi?board=BB:ITGL
Thank You,

Raging Bull Support



--- Original Message ---
From:
Received: 7/4/2007 7:26:01 PM Pacific Standard Time (GMT - 7:00 )
To:
Subject:

Raging Bull Member Name: techkim01

Question:
There is a board called INFINITE TECHNOLOGY GROUP LTD. (RB: ITGL)
http://ragingbull.quote.com/mboard/boards.cgi?board=ITGL THIS IS TOTALLY
WRONG!
------------------------------------------------
This board is never used. This board is also wrong with its information.
The real ITGL is known as IT Group Holdings. Please eliminate the old
unused and incorrect board on RagingBull and replace it with IT GROUP
HOLDINGS, symbol ITGL. IT GROUP HOLDINGS (OTC BB:ITGL.OB)
http://finance.yahoo.com/q?s=ITGL.OB
Thank-You!


.


------ Please do not remove your unique tracking number! ------
<<#140670-750274#>>


--------------------------------------------------------------------------------
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[TechKim]

U.S. private equity firm Carlyle Group made a preliminary bid worth about $20 billion for British cable giant Virgin Media. The Virgin talks, following the weekend's record $48.5 billion leveraged buyout of Canadian telecommunications firm BCE, show the increasingly aggressive move into foreign markets by U.S. buyout firms. (The New York Times, free subscription required) The BCE deal involved Ontario Teachers' Pension Plan and two U.S. private equity firms, Providence Equity and Madison Dearborn. "The plan in private equity is to go after bigger and bigger deals, and this is yet another level," said Shahid Khan of Interactive Broadband Consulting Group. (The Wall Street Journal)

===============================================================

Every company that is in the communication IT business is a possible candidate for an agressive buyout or friendly merger. This includes ITGL, mainly because they are one step up on the competition with their in house SWITCH.

[TechKim]

IT Group Holdings Inc. Announces Major NGN Partner Contract
Friday June 29, 11:31 am ET
Secures Up to Further $5 Million + in New Annualized Revenues


LONDON, June 29, 2007 (PRIME NEWSWIRE) -- IT Group Holdings Inc. (OTC BB:ITGL.OB - News) announced today that its UK subsidiary Internet Telecommunications Plc (IT) has recently signed up a large new contract with an active Reseller network in the UK for its non-geographic numbering services and telephone call minutes.


This major contract has been entered into with a large Reseller and utilizes their extensive reseller network to provide UK-wide coverage for IT's non-geographic numbering (NGN) services. Based on 10 years of doing business with other Telecom Carriers with annual revenues in excess of $20,000,000, IT believes that they will provide for IT the best partner to rapidly deploy our NGN services across the United Kingdom.

The services will be using IT's installed Nokia Switch in London and IT's new IVR (Interactive Voice Response) infrastructure. It is expected that IT's NGN services will become available to all of our Reseller customer base commencing in approximately a week's time, thanks to our automated provisioning system which is in place with British Telecommunications Plc (BT).

We expect that all new contracts which relate to NGN Resellers will bring a positive impact to IT's revenues and gross profits.

Charlie Yiasemis, the CEO of IT Group Holdings Inc., commented, ``These Resellers are taking up our proposition at an increasing rate and we feel that the delivery of these NGN products will make a positive contribution to our gross profits with up to 20% margins in some cases.'' Charlie Yiasemis goes on to say, ``Our fast delivery and excellent value-added services offering is now proving to be attractive to many Resellers. This is also helped by the investments we have made in new IVR equipment and our switched network operation. We estimate that these contracts would generate over $5,000,000 in revenues on an annualized basis and believe that besides the revenues agreed in this contract, we could become a valuable partner for this major Reseller and in future secure part of their existing business as well.''

IT is now starting to see the benefits of its investment in its switched network infrastructure and will continue to make constant inroads into the UK Telecom Reseller market with its business propositions.

About IT Group Holdings Inc.

IT Group Holdings, Inc. (formerly Green Mountain Capital, Inc.) trades through its wholly owned UK subsidiary Internet Telecommunications Plc (IT). IT is fast becoming a leading global provider of telecommunications services. In 2006, IT achieved $22.7m in revenues (up 14.7% over 2005) and $1.35m in gross profits (up 18% over 2005) through its successful and seasoned management team. IT Group Holdings is now established as a fast expanding wholesale carrier-operator supplying service providers and businesses with low cost telecommunications lines as well as competitive and high quality telephone call services including voice, data, value-added services such as SMS, and carrier services such as Voice-over-Internet Protocol (VoIP).

Forward-Looking Statements

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.



Contact:
Internet Telecommunications Plc
For IT Group Holdings Inc.
[e-mail]
www.itwlr.com

RedChip Companies, Inc.
Investor Relations
Sanford Diday
[phone], ext. 115
[e-mail]
[e-mail]
www.RedChip.com


--------------------------------------------------------------------------------
Source: IT Group Holdings Inc.

[QualityStocks]

RedChip Maintains "Buy Rating"

RedChip Visibility reports that it has issued an IT Group Holdings, Inc. (ITGL.OB) first quarter 2007 research update.

Joe Blankenship, MBA, CFA Level I Candidate, RedChip Research Analyst, wrote in the report:

“We maintain our BUY recommendation on ITGL with a 12-month price target of $1.80 per share.

The Company’s progress in adding new contracts with resellers has demonstrated the effectiveness of having its own switching capability. Additionally, their gross margin of 6.0 percent should continue to improve with new business.

“We have revised our revenue estimate for FY2007 from a previous estimate of $60 million to a current estimate of $50 million to reflect the time required for resellers to recruit customers.

We now expect the larger gains in revenue to occur in the last two quarters of the year. Accordingly, we have also adjusted down the revenue expectation for FY2008.

However, based on higher margin services we have increased our EPS estimate for FY08 to $0.08. Our twelve-month price target of $1.80 per share is based on a multiple of 22.5x the 2008 EPS estimate.

In addition, we based our twelve month target price on a 1.8x projected FY07 revenues of $50 million. This is in line with a close industry peer, DECC, which is trading at a 1.7x P/S (ttm).'’

To receive a complimentary copy of the RedChip Visibility initial research for ITGL, please visit: http://www.redchip.com/visibility/about.asp?page=requestITGL_Q1_2007.

RedChip is an international small-cap research and financial public relations firm. RedChip delivers measurable results for its clients via a comprehensive platform of product offerings.

"Please see the disclaimers on the QualityStocks.net website."

[TechKim]

RedChip Visibility Issues Research Update on IT Group Holdings, Inc.

Wednesday June 20, 12:10 pm ET

ORLANDO, Fla., June 20, 2007 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc., announced that it has issued an IT Group Holdings, Inc. (OTC BB: ITGL.OB) first quarter 2007 research update.

Joe Blankenship, MBA, CFA Level I Candidate, RedChip Research Analyst, wrote in the report:

``We maintain our BUY recommendation on ITGL with a 12-month price target of $1.80 per share. The Company's progress in adding new contracts with resellers has demonstrated the effectiveness of having its own switching capability. Additionally, their gross margin of 6.0 percent should continue to improve with new business.

``We have revised our revenue estimate for FY2007 from a previous estimate of $60 million to a current estimate of $50 million to reflect the time required for resellers to recruit customers. We now expect the larger gains in revenue to occur in the last two quarters of the year. Accordingly, we have also adjusted down the revenue expectation for FY2008. However, based on higher margin services we have increased our EPS estimate for FY08 to $0.08. Our twelve-month price target of $1.80 per share is based on a multiple of 22.5x the 2008 EPS estimate. In addition, we based our twelve month target price on a 1.8x projected FY07 revenues of $50 million. This is in line with a close industry peer, DECC, which is trading at a 1.7x P/S (ttm).''

To receive a complimentary copy of the RedChip Visibility initial research for ITGL, please visit: http://www.redchip.com/visibility/about.asp?page=requestITGL_Q1_2007.

About RedChip Companies, Inc.

RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp.

The RedChip Companies Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2761

RedChip Visibility Research Disclosure

ITGL paid RedChip Visibility $28,000 for the RedChip Visibility Research Program, which includes this report. RedChip Visibility, a division of RedChip Companies, Inc., and the Aurelius Consulting Group Inc., in a joint marketing agreement, have been contracted by IT Group Holdings, Inc. to increase investor awareness of ITGL to the small-cap equity community. These services may include investor conferences and digital and print distribution of ITGL investor related materials. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that the Aurelius Consulting Group is an investor relations firm hired by the Company and receives a monthly fee of $8,000 for investor relations services and 250,000 warrants with a strike price of $0.30 and 250,000 with a strike price of $0.50 for twelve months of service.





For Further Information, Contact:
Aurelius Consulting Group, Inc., Century Bank Building,
541 S. Orlando Avenue, Suite 206, Orlando, FL 32751, [phone],
Fax: [phone], [e-mail]

[Tina]

TK!

My oldest is going to geek summer camp (computer camp). She fussed and boohoo'd she didn't want to go for months and now she's having a blast! Yesterday, they went on a field trip to Redhat and she learned how to build a webpage.

They're trying to get girls interested in the technology field because there isn't that many going into this line of work so Cisco, IBM and Redhat are sponsoring camps to introduce young girls into this field.

[TechKim]

RedChip Visibility Issues Research Update on IT Group Holdings, Inc.

Wednesday June 20, 12:10 pm ET

ORLANDO, Fla., June 20, 2007 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc., announced that it has issued an IT Group Holdings, Inc. (OTC BB: ITGL.OB) first quarter 2007 research update.

Joe Blankenship, MBA, CFA Level I Candidate, RedChip Research Analyst, wrote in the report:

``We maintain our BUY recommendation on ITGL with a 12-month price target of $1.80 per share. The Company's progress in adding new contracts with resellers has demonstrated the effectiveness of having its own switching capability. Additionally, their gross margin of 6.0 percent should continue to improve with new business.

``We have revised our revenue estimate for FY2007 from a previous estimate of $60 million to a current estimate of $50 million to reflect the time required for resellers to recruit customers. We now expect the larger gains in revenue to occur in the last two quarters of the year. Accordingly, we have also adjusted down the revenue expectation for FY2008. However, based on higher margin services we have increased our EPS estimate for FY08 to $0.08. Our twelve-month price target of $1.80 per share is based on a multiple of 22.5x the 2008 EPS estimate. In addition, we based our twelve month target price on a 1.8x projected FY07 revenues of $50 million. This is in line with a close industry peer, DECC, which is trading at a 1.7x P/S (ttm).''

To receive a complimentary copy of the RedChip Visibility initial research for ITGL, please visit: http://www.redchip.com/visibility/about.asp?page=requestITGL_Q1_2007.

About RedChip Companies, Inc.

RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp.

The RedChip Companies Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2761

RedChip Visibility Research Disclosure

ITGL paid RedChip Visibility $28,000 for the RedChip Visibility Research Program, which includes this report. RedChip Visibility, a division of RedChip Companies, Inc., and the Aurelius Consulting Group Inc., in a joint marketing agreement, have been contracted by IT Group Holdings, Inc. to increase investor awareness of ITGL to the small-cap equity community. These services may include investor conferences and digital and print distribution of ITGL investor related materials. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that the Aurelius Consulting Group is an investor relations firm hired by the Company and receives a monthly fee of $8,000 for investor relations services and 250,000 warrants with a strike price of $0.30 and 250,000 with a strike price of $0.50 for twelve months of service.





For Further Information, Contact:
Aurelius Consulting Group, Inc., Century Bank Building,
541 S. Orlando Avenue, Suite 206, Orlando, FL 32751, [phone],
Fax: [phone], [e-mail]

[TechKim]

Come join Chairman Fred Verkroost & IT Group Holdings (ITGL) for lunch at Smith & Wollensky.
June 21th, 2007 at 12pm (noon)


Smith & Wollensky
49th Street & 3rd Avenue
New York, NY 10022
[phone]

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==============================================================
directions:

http://www.mapquest.com/maps/map.adp?formtype=address&addtohistory=&address=E%2049th%20St%20...

[TechKim]

Come join Chairman Fred Verkroost & IT Group Holdings (ITGL) for lunch at Smith & Wollensky.
June 21th, 2007 at 12pm (noon)


Smith & Wollensky
49th Street & 3rd Avenue
New York, NY 10022
[phone]

============================================================
==============================================================
directions:

[TechKim]

O.T.; Life Partners (LPHI) said first-quarter income ramped up nearly tenfold from last year to 49 cents a share, or $4.7 million, on more-than-doubled revenue. The sole analyst's estimate called for 11 cents a share. The Texas-based financial-services firm jumped 6.8%, or $1.77, to $27.80.

[TechKim]

I get Blonde to rock ITGL to de' moon! Business is booming!
The channeled network is growing and right behind it is revenues!

[TechKim]

IT Group Holdings, Inc. Reports First Quarter Revenues of $6.07 Million
Wednesday June 6, 12:41 pm ET


LONDON, June 6, 2007 (PRIME NEWSWIRE) -- IT Group Holdings, Inc. (OTC BB:ITGL.OB - News) announced financial results for its first quarter 2007.


First Quarter Results

For the three-month period ended March 31, 2007, revenues increased to $6,077,531 from $5,221,769 for the same period in 2006, an increase of $855,762 or 16 percent. Such increase is attributable to a higher number of customers and the addition of resellers (service providers).

Gross profit was $365,337 for the three month period ended March 31, 2007, compared to a gross profit of $284,211 for the same period in 2006, representing an increase of $81,126 or 29 percent over the previous period. Gross margins of approximately 6 percent in the 3-month period ended March 31, 2007, compared to a gross margin of approximately 5.4 percent in the comparable period in the prior year. The gross margin was not as high as anticipated due to conversion and transfer costs of subscriber lines and channels between carriers caused by delays in bringing the newly acquired switch into service. We estimate that gross margins will steadily improve from the second quarter of 2007 with the scheduled conversion of existing and new customers to the new switch and the addition of value-added services contributing to estimated higher margins.

``For our fiscal 2007 first quarter ending March 31, 2007, our customers were primarily residential, business end-users and an increasing number of resellers (service providers) following the Company's decision to become a predominantly wholesale supplier of line rental and associated voice minutes. As a result, the existing residential and business end-user base was retained and growth is now obtained from resellers selling to residential, business end-users, and carriers,'' said Fredrik Verkroost, CEO of IT Group Holdings, Inc. ``Approximately 70 percent of our end-user customers are small to medium sized businesses with the remainder percentage being residential consumers. During our fiscal 2007 first quarter, there was no single customer representing more that 5 percent of our revenues for that period,'' continued Dr. Verkroost.

About IT Group Holdings, Inc. IT Group Holdings, Inc. (formerly Green Mountain Capital, Inc.) trades through its wholly owned UK subsidiary Internet Telecommunications Plc (IT). IT is fast becoming a leading global provider of telecommunications services. In 2006, IT achieved $22.7m in revenues (up 14.7 percent over 2005) and $1.35m in gross profits (up 18 percent over 2005) through its successful and seasoned management team. IT Group Holdings is now established as a fast expanding wholesale carrier-operator supplying service providers and businesses with low cost telecommunications lines as well as competitive and high quality telephone call services including voice, data, value-added services such as SMS, and carrier services such as Voice-over-Internet Protocol (VoIP).

Forward-Looking Statements

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.



Contact:
IT Group Holdings Inc.
Corporate contact:
c/o Internet Telecommunications Plc
[e-mail]
www.itwlr.com

RedChip Companies, Inc.
Investor Relations:
Jon Cunningham
1 [phone] ext. 107
[e-mail]
[e-mail]
www.RedChip.com


--------------------------------------------------------------------------------
Source: IT Group Holdings Inc.

[Tina]

well pump tk pump!

[TechKim]

I wish we had a different investor relations group. Dave really is up to speed with ITGL at AURA! Otherwise, I really mind as well be talking to the wall. I actually know more than the investor relations staff in regards to the puzzle pieces of development. Dave, on the other hand has the actual supportive information.

[Tina]

but still below my original pps!

good thing I only bought 1 share! lol

[TechKim]

ITGL up 28.57% today!

[TechKim]

ITGL getting a small bit of buying today!

Slow ,but positive confidence.

[TechKim]

I am assured that things are not exactly as they might be, as you feel they might be. If you noticed the revenue increased 16% over the same prior period.

"The gross margin was not as high as anticipated due to conversion and transfer costs of subscriber lines and channels between carriers caused by delays in bringing the newly acquired switch into service. We estimate that gross margins will steadily improve from the second quarter of 2007 with the scheduled conversion of existing and new customers to the new switch and the addition of value-added services contributing to estimated higher margins."

=========================================================

For our fiscal 2007 first quarter ending March 31, 2007, our customers were primarily residential, business end-users and an increasing number of resellers (service providers) following the Company's decision to become a predominantly wholesale supplier of line rental and associated voice minutes. As a consequence, the existing residential and business end-user base was retained and growth is now obtained from resellers selling to residential, business end-users, and carriers. Approximately 70% of our end-user customers are small to medium sized businesses with the remainder percentage being residential consumers. During our fiscal 2007 first quarter, there was no single customer representing more that 5% of our revenues for that period.

Gross Profit. Gross profit was $365,337 for the three month period ended March 31, 2007, compared to a gross profit of $284,211 for the same period in 2006, representing an increase of $81,126 or 29% over the previous period. Gross margins of approximately 6% in the 3-month period ended March 31, 2007, compared to a gross margin of approximately 5.4% in the comparable period in the prior year. The gross margin was not as high as anticipated due to conversion and transfer costs of subscriber lines and channels between carriers caused by delays in bringing the newly acquired switch into service. We estimate that gross margins will steadily improve from the second quarter of 2007 with the scheduled conversion of existing and new customers to the new switch and the addition of value-added services contributing to estimated higher margins.



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

Selling, General and Administrative Expenses. Selling, general and administrative expenses increased to $1,220,215 for the three month period ended March 31, 2007, from $291,004 for the three month period ended March 31, 2006. As a percentage of total revenues, the aggregate selling, general and administrative expenses were 20.1% during our fiscal 2007 first quarter compared to 5.6% during the comparable quarter in 2006.

The increases are due to approximately $160,000 of costs related to the issue of 500,000 warrants, $190,822 for the provision of bad and doubtful debts, $437,000 for additional legal, professional and filing fees for the newly merged publicly traded company, approximately $24,052 for additional rent, rates, service and repair charges; approximately $64,363 for additional investor relations expenses, $30,326 for additional telecommunications costs and approximately $42,000 for Director fees. Salaries increased by approximately $72,913 to $235,506.

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In Reply To 'phoney' on ' IT Group Holdings'
Your just one drifter with one rationalized opinion. I tend to like what I quoted for rationale reasoning. New Company! I actually tend to believe that they were set back unexpectantly, but they now have those few weeks of delay behind them.

[phoney]

TK, just curious as to how you found out about this stock, were you cold-called? Are you in the UK?
I'm in the US and tinkered with Green Mountain as a reverse split repeater. It was all p&d like many OTC's are, especially pinks. I watched them go through the transition to ITGL like a few others. I just can't imagine where newbies will come from without a push via emails or news releases containing multi-stock links to 'quality' stocks. That is kinda what RedChip is all about, they list 10 or so stocks in one lump release as a conference approaches to get people from other stocks looking. I took a look at about 10 stocks they listed one time for a past show and only 1 or 2 of them actually advanced, most had lack luster news and fell. I think ITGL may have jumped the gun and probably could not retract from the conference due to a non-refundable payment.
Without a Ragingbull following, this thing will be dead in the US as far as speculators go. ITGL may orchestrate something via their $$ connections to get it moving (pump) at some point, it's always a crap-shoot. I'm not sure I see them doing that (again-like last Nov2006) until they can show a better bottom line. Most companies release grandiose expectations one after another and then fail to deliver on the bottom line. One red flag I see with ITGL is how they word their releases...

"We estimate that these contracts once fully operational could generate over $4,000,000 in revenues on an annualized basis."

'Estimate', 'Once fully operational', 'Could generate' etc...
These statements are by no means concrete evidence of actual revenue.

Also, notice the word 'annualized', the spelling in the UK is usually 'annualised', with the s, not a z. I've seen some inconsistencies with the use of this phenomenon in their releases from London, I wonder who is writing them.

http://www.tysto.com/articles05/q1/20050324uk-us.shtml

Kind of an odd thing to pick on but I have seen them use both versions in other wordings.

[phoney]

That's my point, I think they will attempt to 'hype' in the future and is why I think it will only p&d rather than achieve a steady climb. I'm not sure there is anything we can 'assume' anymore about their finances, they just proved how unreliable they are last quarter. To say it is all behind them is wishful thinking. They lumped quite a bit into the 'merger fees' catagory which was only suppose to affect 2006. ITGL would need to double revs next quarter in order to trump the expenses and come out flat or slightly ahead on the bottom line.
I don't see any major buying coming in after the trip to Boston, NY and San Fran. I may accumulate this at a much lower price and wait for a pump. It's all timimg, but I didn't feel comfortable holding a falling knife.

[TechKim]

The Red Chip conference sounds important then! Let us assume they will be clearifying recent financings and expenses.

To many variables to be just a pump and a dump! That would have taken, considerably a lot less effort. We would have also seen a larger display of exposure being laid out before investors.

[phoney]

RedChip conference schedule...

http://www.redchip.com/visibility/conferencePages/SF2007/conferenceMain.asp?page=schedule

Looks like they were scheduled at 11:00AM Pacific Time. I had to dump it last week because of the bad earnings report. I can't see anyone getting excited about a company with out-of-control spending issues regardless of expanding revenues ~ 15%.
They admitted they had financial woes in the 10QSB and said they had remedied it by hiring a financial advisor, hence the news release a while back. Funny, they didn't mention that problem for Q1 during the 10K conference call even though they announced the new hire a few days later. I thought these guys had lots of experience in telecommunications?!
They should have postponed the RedChip conferences till they could show positive earnings. Same for Boston and NY.
At this point all I see is pump and dump on some upcoming hyped news release, maybe I'll pick some up lower if they stall for a while.
ITGL really hasn't delivered what they promised, the sales are still well under $30M and it's June! They mentioned $50-70M lately, and $80-100M initially (for fiscal 2007). ITGL has over-spent already so that will lower the predicted .06 earnings. Will RedChip update that prediction or just let it ride?! The Q1 expenses caught them by surprise so it must be having some effect on 2007 earnings. Now you can't even count on them delivering in Q2 like they claim without questioning the operating expenses for the current quarter. I'm just stating facts here, blind faith doesn't cut it after that Q1 performance.
This could dump fast on low volume without warning. The resistance will build on the upside as time goes on because now people will just want to break even. Good luck anyhow.

[TechKim]

Business is good, is all I know! Stock price is not as good as the business presently. That is a truthfull statement.

[Tina]

I know

be patient!

[TechKim]

To 'Tina Marie'! Do not start!

Somebody though is scooping up some of the shares.

[Tina]

I've heard that line before TK!!!

[TechKim]

Was not me! You know better!

[Tina]

ugggggggggggh TK!

was it you?

[TechKim]

Somebody sold! No buying support coming in!

[TechKim]

TM! You be just fine!

[Tina]

buy me some too so I can average down!

[TechKim]

I just bought some minimal shares of ITGL @.22

[TechKim]

I think the company might of fell behind a month in forecasting, but the revenue stream keeps on growing. The financials are positive proof. Going forward, the business plan is coming together.

I trust the large expenditures are now behind the company also.

[phoney]

Thanks for the breakdown of ITGL's expenses, I couldn't find that in the QSB I read via cellphone but did find it in the SEC filing. Revs will really have to explode in order to dwarf the burn rate just witnessed. We may approach break even next Q with a doubling in revs ($12M) and that includes an overall $500,000 reduction in G&A for Q2. I'm not sure what our IR is up to other than the chairman paying himself with our earned cash. Look close at the consulting fees section of the QSB, multiple companies with ties to ITGL. Normally it is all third party, these types of transactions are usually reserved for the pinks where they are hidden from view!

You may want to remove 'Shmuel Shneibalg' from the description page, this guy has a shady past in the penny markets. If you 'google' him he has been affiliated with too many P&D's. Look at the address of GLGT below? Look familiar?! Is he still on our board or was he just part of Green Mountain's past? He may be the reason we had a SEC inquiry last year which is still ongoing? The other guys appear clean as far as google is concerned.

http://www.pinksheets.com/quote/company_profile.jsp?symbol=glgt

If ITGL would include another public company's name in the news releases we would get visibility through their stock news alerts too. These contracts we are getting don't include company names - possibly at their request. Maybe they are private entities? The contract descriptions are too vague to say the least, there is no way to DD them for clarification.

The BT Group 'Open Zone' link you provide doesn't get me directly to any mention of 'IT'. Whether or not it stands for Internet Telecommunications (like ITGL) or Information Technology is irrelevent, they are simply common technical terms and provide no link to OUR stock concerning any business transactions. Again, I would remove that DD statement at the risk of sounding too biased if/when newbies come aboard.

Hopefully we don't crash if a war breaks out with Iran, 9 warships just entered the Gulf of Hormuz this morning - probably as a warning if the upcoming talks fail and Iran decides to disrupt oil shipments. I almost want to dump my stocks now and wait for the crash to buy at lower prices.

[TechKim]

New music might help! we getting squeezed back again!

[TechKim]

Share price is getting squeezy again. Need some support.

Need some interested buyers.

[TechKim]

As of March 31, 2007, we had cash and cash equivalents of $2,180,607 and carrier deposits of $680,950.

Cash and cash equivalents generally consist of cash and money market funds

in comparison below


As of December 31, 2006, we had cash and cash equivalents of $215,489 and carrier deposits of $621,137.

Cash and cash equivalents generally consist of cash and money market funds.

[TechKim]

Of course TradersNation will want compensation! That big coffee cup he holds is really a collection cup!

1)G&A hit the roof @ $1.2M, what's up with that?
answer: The increases are due to approximately $160,000 of costs related to the issue of 500,000 warrants, $190,822 for the provision of bad and doubtful debts, $437,000 for additional legal, professional and filing fees for the newly merged publicly traded company, approximately $24,052 for additional rent, rates, service and repair charges; approximately $64,363 for additional investor relations expenses, $30,326 for additional telecommunications costs and approximately $42,000 for Director fees. Salaries increased by approximately $72,913 to $235,506.

2)How are we gonna hit $.06 as forcast at year end, now we need $.08 in the next three quarters (combined).
answer: Dr V stated business is booming. We can only believe it is booming enough to meet forecast. My opinion is Dr V will meet his target readily.

3) Last I knew Dr V was on a road show. I sure wish we had somebody who could address my questions more readily.

[phoney]

Tradersnation will want money/shares to do an interview, ITGL should pursue them if/when revs and earnings explode as planned. It usually provides much needed liquidity.
The Ragingbull board needs to be deleted and re-entered for ITGL. No sense in starting a board when there isn't any action though.
The 10Q was out this morning. 2007 Q1 revs up along with gross profits over last years Q1 but G&A hit the roof @ $1.2M, what's up with that? The merger fees were only suppose to impact 2006 results. Is this the cost of the equipment implemented? The loss was also around ($1.2M), ($.02) per share. OUCH! How are we gonna hit $.06 as forcast at year end, now we need $.08 in the next three quarters (combined).

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3D%5C2007%5C05%5C22%5CEDGARNew...

They mentioned 2007 Q2 as the breakout quarter in the 10K, but the 2007 Q1 loss surprised me. They didn't discuss where it came from. The OS were still ~52M, that's good.

Just a FYI Techkim, I noticed you posted BT's news release including the 'IT' term as being significant. I would remove that comment from the ITGL description page since it is a common term (Information Technology) used by all entities, similar to 'IP' (Internet Protocol). In other words it isn't a direct reference to ITGL's business and may send the wrong message.

http://www.webopedia.com/TERM/I/IT.html

Not trying to pick on you! You are a great moderator albeit biased to the upside! You may want to include a neutral or negative comment now and then (lol), ie; BT's offering of a similar service could be stiff competition for ITGL. I'm not sure how we would steal business from them, more like the other way around? Only a BT competitor would snatch up ITGL in the future. Who are BT's direct competitors in the UK, do you have a list? Maybe you could add it to the ITGL description? Have a good one.

[TechKim]

I am almost certain that ITGL will eventually break into BT's Global Services division which provides for firms such as Pepsi Co. and Unilever.

BT, a former state monopoly, said revenue from its traditional telecoms business declined by 3 percent.

[Tina]

Same with insuarance carriers TK!

That's why I left to become a gov't employee!

only the big dogs stay on top....little ones get eaten up!

[TechKim]

Telecommunications mergers and buyouts never seem to end.

Alltel Agrees to $24.8 Billion Buyout
Monday May 21, 8:39 am ET
By Tom Parsons, Associated Press Writer
Alltel Corp., Owner of U.S.'s Largest Cell-Phone Network, Agrees to Buyout for $24.8 Billion
http://biz.yahoo.com/ap/070521/alltel_buyout.html?.v=13

LITTLE ROCK, Ark. (AP) -- A pair of investment firms have agreed to acquire Alltel Corp., the fifth-biggest U.S. wireless company and owner of the nation's largest geographic network, in a deal worth $24.8 billion.


The telecommunications company announced Sunday that it had signed an agreement to be acquired by TPG Capital, formerly Texas Pacific Group, and GS Capital Partners, a subsidiary of Goldman Sachs. The investors agreed to pay $27.5 billion and take on Alltel's $2.7 billion in debt.

"This transaction delivers substantial and certain value to our shareholders while providing the company with long-term partners who share our commitment to our customers, employees and the communities we serve," Scott Ford, Alltel's chief executive, said in a news release.

"This transaction also ensures our customers can continue to rely on Alltel to deliver high-quality service and leading edge products and services."

The deal, if approved by shareholders and regulators, is expected to close during the fourth quarter of this year or the first three months of 2008, Alltel said.

Alltel has about 12 million cell-phone customers, mainly in the South, West and Midwest. That ranks it fifth in number of customers, after Cingular, Verizon, Sprint and T-Mobile, but the company's service "footprint" is larger than any of those rivals, Ford said.

The agreement calls for the two investment firms to acquire all of the outstanding common stock of Alltel for $71.50 per share in cash. According to Alltel, that represents a 23 percent premium over Alltel's share price before word of a possible buyout first appeared in the media on Dec. 29.

Trading in Alltel's stock closed Friday at $65.21, down 14 cents from the day before. The $71.50 per share buyout price would represent a premium of only about 10 percent over Friday's share price.

Ford said in a telephone interview that the buyout price is "a 10 percent premium over a price that clearly anticipated this outcome" after scores of articles had been written about Alltel's prospects in the first months of this year.

The announcement was the second in a week of a buyout of a corporation based at Little Rock to be taken private by the new owners. On Wednesday, data-management firm Acxiom Corp. announced it was to be acquired in a buyout worth about $2.25 billion.

Ford said in the phone interview that the Alltel deal resulted from "a very thoughtful, very careful, very thorough review" over several months by the Alltel board of the best options for assuring the company would be able to continue serving well both its customers and its shareholders.

"The shareholders got what we feel is the best deal we could have gotten for them," he said.

Ford said the company's headquarters would remain in Little Rock, and no changes were planned in staffing. The company has about 15,000 employees, he said.

"We're a pretty lean organization as it is," Ford said.

Alltel has streamlined in recent years, first selling its information system division in 2003 and, last year, spinning off its wireline business. That left Alltel as a pure wireless company. In its first-quarter earnings released early this month, Alltel reported that income from its continuing operations increased 34 percent to $225.4 million, or 63 cents per share, from $168.6 million, or 43 cents per share, a year ago. Revenue grew 13 percent to $2.08 billion from $1.84 billion.

Alltel has seen its growth driven by its "My Circle" calling plan, which allows free calling to any 10 numbers.

TPG Capital is the global buyout group of TPG, a private investment firm founded in 1992, with more than $30 billion in assets under management, according to the Alltel release.

GSCP is the "private equity vehicle" through which The Goldman Sachs Group Inc. conducts privately negotiated acquisitions.

http://www.alltel.com

[TechKim]

I like the idea of Trades Nation doing an interview with Dr V.

[Tina]

grrrrrrrrrrrrr @ patience TK!

[TechKim]

That is not Internet Telecommunications on RagingBull. Unsure what that company was all about. INFINITE TECHNOLOGY GROUP LTD. (RB: ITGL). It only has two posts on it! I think who ever started the board miss fired on the stock symbol and then abandoned the board. INFINITE TECH CORP., OTC:ITCJ.PK, http://finance.yahoo.com/q?s=ITCJ.PK

[phoney]

Heavy promo is a must because this is an unknown company. Redchip has limited resources. How can anyone buy even with good earnings reports if it isn't advertised? Sure it shows up in their news release but you would have to have it on your radar screen in the first place. We will need coverage but only when revs and earnings are advancing strongly.

Keep in mind the revs listed in the recent releases are potential numbers if all are contracted. Read them carefully. Don't expect the full amount to show up in the revs. As of right now we have 22M and a 'potential' 8-10M on top (~30M) for 2007 - so far. They should expand at a quicker pace now, I think they quoted 50-60M in the 10K conference, best to keep it conservative and guide higher every Q. We should get Q1 next monday and maybe another conference call leading into the San Fran show. We need 3 days of 1 million (or more) shares traded per day to break through all the different resistance levels. I think the first real one is @ $.40

I would love to know who created the high volume ~300,000 shares a while back with no upside, happened a few times, maybe mm's just grabbing them while people dumped to take part in the major market run.

[TechKim]

In Reply To 'phoney' on ' IT Group Holdings'

We all are very glad that you surfaced with such an excellent forward thinking opinion.

In one of the past audio's. Dilution was asked? No dilution was necessary with the projected revenue stream forecasted. Besides the last financing was not for immediate operating expenses an or debt, but for expansion of the business plan.

Opinion: I expect an 80 to 100 million revenue stream this year. The way things are going. It is very possible!


I do not know of any other message boards. I seldom go to RagingBull anymore! To many times conflict in trying to post and it not working. This IUHB site actually been rather dependable overall.

TraderNation? Nice idea for the future.

RedChip visibility program does not hurt. The conferences and audios all have some meaning to curious investors. Presently this company is going along. ITGL needs more financial quarters to separate the hype from reality. You know what generally happens when a stock is hyped up without financials that support it? It generally floats back down. We all be farther ahead if Dr V and crew just get out to do ITGL business. Why waste money on heavy promo? ITGL has all the money they need presently.

I am actually overwelmed to meet you! Keep posting!

[phoney]

Read the SB-2 from 5-11-07, no rock left unturned, talk about full disclosure!

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D07...