Talk Visual Corporation (fka TVCP)

[puffadder]

Time to get this one moving!

[scoobey-do]

TalkVISUAL Announces Year-End Results ... Proceeds from Sale of Assets Following Year End Used to Repay Debt.

MIAMI--(BUSINESS WIRE)--April 1, 2003--Mike Rollins, president and chief executive officer of TalkVISUAL Corporation (OTCBB:TVCP), announced today results for the year ended December 31, 2002.

TalkVISUAL generated record revenue of $7.4 million (up 42%) from operations of its expanded network for the year ended December 31, 2002, compared to revenue from operations of approximately $5.2 million for the year ended December 31, 2001. At the same time, gross margin, which was approximately $1.5 million (30.5%) in 2001, amounted to nearly $2.2 million (29.4%) for 2002. This slightly lower gross margin was attributed to the slightly higher cost of long-distance services paid by the company for several key destinations and the one-time cost of installing SS7 capability to its network. SG&A costs amounted to $3.7 million or 49% of 2002 revenue versus $4.7 million or 88% of revenue in 2001.

"We continued to increase our core revenue base of business and residential customers throughout 2002 while dramatically reducing SG&A costs by over $1.0 million during the year and we continue to improve our overall cost structure. Additionally, post year-end developments, including the sale of certain assets and payment of debt, are very positive and will enable us to sharpen our focus on our core business," said Rollins.

The company reported a net loss of approximately $3 million or $0.02 per common share (148,825,179 weighted average shares outstanding) for the year ended December 31, 2002, compared to a net loss of approximately $8.7 million $0.09 per common share (94,669,011 weighted average shares outstanding) for 2001. The loss for 2002 includes a loss of $962,406 attributable to discontinued operations versus a loss of $3.1 million attributed to discontinued operations in 2001.

Rollins indicated that, subsequent to year end, the company sold all but 5,000 shares of its common stock interest in YAK Telecommunications and it divested itself of its commercial property in Sacramento, California. Approximately $1.2 million of proceeds from these transactions were used to pay the majority of the Company's debt. In addition, the Company utilized a portion of the proceeds to execute settlement agreements with several vendors, which will result in the Company recording an extraordinary gain of $1.2MM in the first half of 2003. Furthermore, the Company has extended offers to its remaining note holders in an effort to reduce the Company's remaining debt.

"While the implementation of our SS7 network and termination difficulty to several key destinations were a temporary impedence on revenue growth, management believes that the improvements and changes made over the last year have laid the foundation for TalkVISUAL's long-term success," Rollins said.

TalkVISUAL Corporation owns and operates a telecommunications network headquartered in South Florida and owns and operates telecommunication retail centers providing communication and related services to business and individual consumers in New York and New Jersey. Principal services include business and residential long-distance services, long-distance telephone calling in private booths ("call-shop services"), prepaid calling cards, money transfer services and international package delivery. Visit the company's web site at www. talkvisual.com. TalkVISUAL targets key business and consumer market segments in the United States, with a primary focus on Latin American expatriate business and consumer communities.

NOTE: Statements contained in this news release

[mrmagoo]

Everything looks good except the price. Thats the way i see it. at this price im just increasing my position. You wrote your hearing things. Have you heard anything with t ? or just some rumor? Only makes sense to me.

[Tokens2buy]

You just keep watching. From all that I have heard and the info thats about, this one is going to accelerate !!

[mrmagoo]

Maybe not after today!!!

[mrmagoo]

looks like this stock wants to break loose but someones holding it back. ? im seeing $1.00-$6.00 trades sending it south!!??
Gotta cost more to sell then to let it go all the way south, no?

[Tokens2buy]

Doesn't appear that way magoo.

[mrmagoo]

Anyone still looking at this board??

[scu8452]

YAK news... Wall Street Reporter Magazine, Inc...Yak Communications USA Interview With: Charles Zwebner
President and CEO
Dated 10/04/2002

http://www.wallstreetreporter.com/v2/asp/profile/default.asp?rightnav=categories&content=99&....

[scu8452]

By: danjess $$
05 Oct 2002, 09:07 PM EDT Msg. 167007 of 167007
(This msg. is a reply to 166995 by docsocpsy.)
Q3 report should be out by the end of OCT, but no later than early NOV according to Rollins. I emailed the company for this info. Also, Rollins noted that he planned more PRs after TVCP becomes "soldily profitable." Hopefully the Q3 report shows a continuation of the trend toward profitability as Rollins noted in the last two Quarterly reports. You may recall that he indicated that we should see profitability in the second half of this year. Good luck! I continue to increase my position as I expect a better year in 2003 for TVCP!!!!

[scu8452]

Good news for TVCP...Yak scores Nasdaq listing

By SHOWWEI CHU
TECHNOLOGY REPORTER


Wednesday, October 2, 2002 – Page B13


Yak Communications (USA) Inc. has obtained a Nasdaq listing, which the long-distance discount telephone services provider says could allow it to tap the public markets to raise money for future expansion or acquisition purposes.

The Toronto-based company, which targets its long-distance discount service mainly to recent immigrants and small to medium-sized businesses in Canada and the United States, said yesterday that it has been approved to trade its stock on the Nasdaq Stock Market's over-the-counter bulletin board under the symbol YAKC.

While Yak has no immediate plans to raise money, president and chief executive officer Charles Zwebner said in an interview yesterday that the listing will help in the future if the company decides to acquire rivals for their subscribers, expand its service offerings, or move into other countries.

"Over the next 18 months, we'll see what opportunities come our way," Mr. Zwebner said.

Yak, whose 350,000 subscribers get cheaper rates on long-distance calls by entering seven digits -- 10-15-945 -- before dialing the number they want, started in Toronto and Montreal in 1999. More recently, it expanded its dial-around services to Western and Eastern Canada and is now in 11 cities with plans to expand to Regina.

The company recently entered the United States and is marketing its services in 10 states. So far, it has about 6,000 subscribers in Las Vegas, San Diego and Miami, Mr. Zwebner said.

Yak would eventually like to expand to the Middle East and Europe, Mr. Zwebner said. It is negotiating to offer its service in a South American country, which he declined to name.

Yak purchases its capacity from the major phone companies and provides long-distance services through its own gateway switches that have direct access to the carriers' networks. By aggregating volume and gaining access to the carriers, it can buy time on those networks at deep discounts, according to company documents.

The company is taking advantage of the fact telephone calling minutes are increasingly becoming a low-margin commodity because of a trend toward the resale of excess capacity, which puts great pressure on companies to focus their business on new phone services that have higher margins, Yak documents said.

Yesterday, Yak reported a profit of $1.2-million (U.S.) or 20 cents a diluted share on sales of $24.5-million in the year ended June 30, compared with a loss of $663,260 or 17 cents on $14.9-million the previous year.

For the fourth quarter, Yak posted a profit of $778,000 or 12 cents on sales of $7.1-million. That compares with a profit of $105,000 or 2 cents on $4.5-million a year ago. Looking ahead, the company said it expects sales of more than $8-million in the first quarter ended Sept. 30, a 14-per-cent jump from the fourth quarter.

http://www.globeandmail.com/servlet/ArticleNews/PEstory/TGAM/20021002/RYAKK/Business/business/busine....

[scu8452]

TVCP owns around 10% of YAKC..This is of interest

YAK Communications Announces Earnings For Recently Completed Fiscal Year 2002 And Stock Begins Trading On OTC Bulletin Board
TORONTO--(BUSINESS WIRE)--Oct. 1, 2002--YAK Communications (USA), Inc. (OTC Bulletin Board:YAKC), a provider of international long distance discount services to residential and business customers, has received approval to trade on the OTC Bulletin Board, under the OTC BB symbol: YAKC.
"An OTC Bulletin Board listing is an important step in our corporate growth which will help provide ongoing liquidity and enhanced access to financial markets, as we expand our dial-around service internationally," said YAK Communications President and CEO Charles Zwebner. "With five consecutive quarters of profitability, continued growth in recurring customers and the recent signing of a strategic Marketing and Services agreement with TELUS Corporation, we are well-positioned to meet our projections for this fiscal year and beyond."

Sales for fiscal year ended June 30, 2002 were $24,491,000, an increase of 64% over sales of $14,932,000 for the year ended June 30, 2001. Net income for fiscal year ended June 30, 2002 was $1,211,000, or $.20 per diluted share.

For the fourth quarter ended June 30, 2002, sales were $7,072,000, an increase of 57% over sales in the comparable period in 2001 of $4,491,000. Net income for the fourth quarter was $778,000, or $.12 per diluted share.

For the first quarter of fiscal year 2003 which ends September 30, 2002, the Company's revenue is expected to exceed $8,000,000.

All currency amounts are in US dollars.

ABOUT YAK COMMUNICATIONS INC.

YAK Communications (USA), Inc. (the "Company") was incorporated in December 1998 in Florida with the objective of providing international long distance discount services to both business and residential customers. The Company specializes in offering these services to consumers by way of a dial-around (in the United States this is commonly known as "10-10"). The Company is a facilities based reseller which utilizes its own switching systems. Visit www.yak.com.

Statements contained in this news release not strictly historical are forward looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995. The Company makes these statements based on information available to it as of the date of this News Release and assumes no responsibility to update or revise such forward-looking statements.

Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may cause the Company's actual results to differ materially from such forward-looking statements.

These risks and uncertainties include, without limitation, demand for the Company's services, competition from larger and/or more experienced telecommunications providers, the Company's ability to continue to develop its market, general economic conditions, government regulation, and other factors that may be more fully described in the Company's literature and periodic filings with the Securities and Exchange Commission.


CONTACT: The Communications Group Inc.
David Eisenstadt, 416/696-9900
[e-mail]
or
Danny Roth, 416/696-9900
[e-mail]
or
Investor Contact: YAK Communications (USA) Inc.
Charles Zwebner, 416/279-1370
[e-mail]

[scu8452]

Found this great post on another board...TVCP/YAK interest...

TVCP has finacial interst in YAK

YAK is New to the OTCBB and trading around $4 under the YAKC symbol

and stock is soon to explode with the new plans

Here is some DD ..Just copy link into your browser and visit

YAKC BOARD

http://www.investorshub.com/boards/board.asp?board_id=1364

YAKC Home page

http://www.yakcom.com/yakamerica/english/home.asp

[lapworm]

I was just looking at some stuff on TVCP....is Michael Zwebner at TVCP the same guy that was at AZNT?

Am I talking to myself here?

[lapworm]

We should post a little information about Talk Visual here. EDGAR has the latest 10K from April 3.
http://www.sec.gov/Archives/edgar/data/1007367/0001116502-01-500167.txt

These guys look pretty good.
http://biz.yahoo.com/p/t/tvcp.ob.html

Talk Visual Corporation is a provider of retail-based videocalling services for business and the general public in North and South America. Through its Retail Operations & Sales Division, the Company is rapidly developing its videocalling services in Europe, Eastern Europe, the Caribbean and North Africa. Taken together with its videocalling equipment, the TV225, the TVCP's extensive suite of telecommunications products has positioned the Company to become a major provider of videocalling services to businesses and consumers worldwide, linking people in the developed countries to one another and to businesses and families in less developed nations. The Company's retail locations and its associated company branch locations in Canada, the United Kingdom, Israel and the Philippines provide an audio-visual link for businesses and families.

[goodJohnhunting]

MR.Charman are you here??eom

[goodJohnhunting]

10Q opinion's over here??

Any input would be apprieciated..

Later
John