TLYN REGISTRATION HAS BEEN REVOKED AS OF JANUARY 7TH 2007
From the company Website.....
Telynx, Inc. designs network management solutions for telecommunications service providers around the globe.
Small or large, wired or wireless, these companies turn to Telynx software for strategic and financial advantage over their competition.
reduce provisioning time
provide accurate physical and logical network representations
decrease operation costs
enhance customer care ability and quality of service
Telynx, Inc. also provide business services and consulting to the general business and information technology field.
These services include:
implementation of business automation systems
network setup and management
information security and disaster recovery
systems integration programming
data migration services
BACKGROUND TO THE PLAY
Everybody thought that this company was dead. That is the furthest thing from the truth....
They are alive, developing products, and getting their house in order.
Their website was updated around 4 P.M. Sept.13 2006, and news was out later. It hadn't even hit the public wires yet as of this writing.
After such a long period of dormancy this stock, and company, could be set to make some decent headway. The low O/S and reactivation should catch a lot of people off guard and get it going.
Talieh Safadi and Beth Ochoa serve on the Board of Directors. Mr. Safadi fuctons as the interim President until a new one is appointed, and Ms. Ochoa fills the role of Chief Financial Officer and Secretary.
Mr. Safadi is 32 years old and is a graduate of the University Of Southern California. He was appointed to the Board for a one year term. Mr. Safadi is an entrepreneur and filmmaker. Mr. Safadi controls 45,000 preferred shares of the company.
Ms. Ochoa is 51 years old and holds an undergraduate degree from San Diego State University and a Law degree from the University of LaVerne. She was appointed to the Board for a one year term. Ms. Ochoa has been practicing Law in California since 1997.
The OS and AS have been validated by the transfer agent as of 2006-09-27.
Transfer Online, Inc.™
317 SW Alder Street, 2nd Floor
Portland, OR 97204
118,351,313 as of 2006-10-09
Estimated Market Cap:
$592,000.00 as of 2006-12-01
1,005,000,000 as of 2006-10-09
105,000,000 as of 2006-09-27
Number of Shareholders of Record:
6400 as of 2006-09-27
From the 2005 10-KSB
Please note the slight disparity between the 2005 common stock figures below, and those recently reported by the TA above.
As of October 31, 2005, TLYN had 126,251,298 shares of Class A Common Stock.
Each share of our Class A Common stock is entitled to one vote.
The total number of shares of all classes of stock which the company shall have authority to issue is One Billion Five Million (1,005,000,000) Shares.
On March 6, 2001, the Company's Board of Directors approved up to 100,000 shares of a newly created Series C convertible preferred stock (the "Preferred C Stock") at $0.01 par value, issue price of $3,500.00 per share. Each share of Preferred C Stock is convertible into 80,000 shares of our Class A common stock. In May 2001, the Company issued a total of 1,260 shares of Preferred C Stock to a group of investors in exchange for the Company's Class A common stock. In June 2001, 1,260 shares of Preferred C Stock were converted to shares of the Company's Class A common.
On April 1, 2004, TLYN issued Paul Mataras and Talieh Safadi 45,000 shares each of Series C convertible preferred Stock pursuant to and to effect a change in ownership. After the reverse split each share of Series C Convertible preferred Stock is convertible into 8,000 shares of our Class A common stock.
In addition, the Series C convertible preferred stocks is entitled to the number of votes equal to 805,929 shares of common stock for each one share of Series C Preferred Stock.
The balance of 8,740 Series C convertible Preferred stock remains with the company treasury.
TLYN also has One million (1,000,000) shares of Preferred Stock. Each one share of the "Preferred Stock" is convertible to 25 Class A Common Stock.
Newswire - Sherman Oaks, CA, United States, 09/13/2006 -
Telynx, Inc. (Pink Sheets: TLYN), unveils its latest product Telynx III.
Our new product was designed and developed to provide the highest quality of service to our customers, big or small.
Telynx President and CEO Talieh Safadi said: "We are excited about the new product and are looking forward to the next stage of marketing and distribution. This is yet another building block in our way to achieving our goals."
Telynx, Inc. creates world-class network infrastructure management and provisioning solutions for the telecommunications industry. Our customers are small and large service providers of wireline, wireless and broadband services on three continents. Each customer implemented Telynx products to save money and raise revenues in the following ways:
Reduce provisioning time byproviding accurate physical and logical representations of their network, in order to decrease operation costs, and in turn enhancing customer care and quality of service. Telynx, Inc. designs network management solutions for telecommunications service providers around the globe. Small or large, wired or wireless, these companies turn to Telynx software and integration service for strategic and financial advantage over their competition.
Please visit our website for more information on the product and specifications.
About Telynx, Inc.
Telynx, Inc. (Pink Sheets:TLYN), a provider of network management software solutions and related services, commented today as to the state of the telecom market, the industry's cost-cutting attitude and the positioning of the Company with respect to opportunities.
Telecom companies have faced many challenges related to emerging technologies and the ever-changing trends and needs of the retail consumer. Significant demand by consumers for value-added solutions adds an element of complexity never before seen in this space. In order to achieve their goals, today's companies must be able to access and manage their vital and complex information rapidly and efficiently. The complexity of vast, global networks coupled with a constantly changing environment requires service providers to be ever more diligent about their purchase of technology and solutions.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of Telynx, Inc., which involve risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Agency / Source: Telynx, Inc.
TELYNX LETTER TO SHAREHOLDERS
From: President and CEO, Talieh Safadi Date: September 25, 2006
Dear Valued Shareholders:
It is my pleasure to report to you on the recent developments and status of the company over the last year.
In our last report, dated March 8th, 2005, we updated you on the company’s major restructuring plans. In this letter we will update you on the progress we have made over the last year. Additionally, we will address some of the common concerns of our shareholders over the last few months.
One of our most important accomplishments this year has been the public SEC filings, bringing the Company current as of 2004. Over the last two years, the management team has worked very closely with our accountant and the public auditing firm to accomplish this.
You might have noticed that recently we started the process of filing all required Ks and Qs. So far we have filed 6 Qs for the years 2003 and 2004 as well as 3 Ks for the years 2002, 2003, and 2004. This will bring the company current with its filings through the end of 2004. However, we still have to file all the Qs for the year 2005 and 2006, and the K for 2005, to be completely up to date with our filings.
The auditors are in the process of completing all the required audits for these outstanding years and we expect to file them before the end of the year, 2006, granted there are no unforeseen circumstances.
Once the company is current with the filings it is our intention to move the company to the OTCBB.
There are two important issues, concerning the SEC filings that we wish to bring to your attention. First, due to the company’s state of dormancy in late 2002 and 2003, records were not properly kept which therefore made it impossible for the auditors to render the official “Letter of Opinion” for those two years. However, the auditors were able to prepare current financials from previous audited financials of 2001 and the published Qs for 2002. Second, we attached a letter of opinion from our attorney that is part of the 2002 and 2003 10Ks addressing the issue.
For the 2004 filings, the auditors have been able to perform the required audits and they rendered their opinion on page 28 of our 2004 10k report. Please read the 2004 audited filing for additional information.
Another important event to report on is the Labor Department Investigation. As you may know, back in late 2003 and early 2004 the Labor Department started an investigation of the company regarding its 401k plan. The company had almost $800,000.00 in the plan for 43 Participants. Soon after the investigation began and the new management took over, the board elected to close its 401k plan and distribute the money to its beneficiaries. Starting in June of 2004, we worked very closely with the Labor Department to ensure that every participant received the money owed to them by the plan. By the end of 2005 all the money was distributed back to the participants.
In September of 2005, we were pleased to receive a letter from the Labor Department stating that they were concluding their investigation.
While we were focusing on the corporate restructuring and clean-up, we continued to develop and enhance our product so we can increase our share of the market.
Through all the difficulties the company faced in the past, the one thing that saved it was its flagship product. The company has developed one of the most flexible and user friendly products on the market. Because of the success and popularity of the product, it is now being used by telecommunication companies around the world.
It is our intention to continue to provide services to these clients as well as expand our share of the market.
Recently we announced the unveiling of our latest product, Telynx III. Telynx III still has the same flexibility and user friendly functions of the older product with the latest updates to support the new standards in the industry. The new product is scalable, adaptable and most importantly it is cost effective. Please visit our website to view our PowerPoint presentation on the product and the Telynx III Functional Overview.
Over the last few weeks, we have received a number of encouraging emails and phone calls from many of you. Some of these emails and calls had common questions and concerns. We would like to address these questions and concerns:
1- The Preferred Shares
4- Marketing Plans
5- Current Liabilities
The preferred shares were created few years back to protect against potential hostile take over and to protect the company from the dilution that took place after the PIPE deal. It is important to keep in mind that these preferred shares are NOT REGISTERED shares and cannot be converted or sold as common shares without the proper registration process. There are no plans in the near or long term future to register or convert these shares. These shares will continue to be used as voting shares. Please read the 2004 10K which details the stock structure of the company.
We see two options for funding available to us at the present time. We stand firm that the company has no interest whatsoever in any Toxic or PIPE funding. We have received a number of offers by different companies with such deals and have turned all of them down. The first option for funding would be through investments, though the only type of investment we would entertain would be direct equity investment in the company on the preferred shares. The other option is to continue to push forward on our plans and generate the required short term funds through the sale of our product.
As far as marketing and distribution, the company is looking at a number of options to maximize the effectiveness of our marketing and distribution strategy. One of these options that we are considering is partnering up with a software distribution/sales company. The deal would be structured where the distribution company bears all the initial cost of marketing and distribution. In return, they will receive a higher commission.
The majority of the company liability is owed to the IRS, and our 2004 audited financials show about $760k in liabilities. Clearing up these liabilities has been a top priority for the company. Any funds generated through revenues or any other source will go to cure liabilities.
We wish to thank all the shareholders for your patience and understanding during this long process of restructuring and financial difficulties. Despite all the challenges, the company has come a long way in the last two years, and continues to grow. The current challenges facing the company will be met and dealt with in the same manner.
We encourage all of our shareholders and potential investors to read our SEC filings for all the details about the company and its financial status as well as consult with their financial advisors before making any decisions on their investment in the company.
We conclude with our promise to you that no mater how difficult the challenges are, we will continue to work hard to overcome them and put Telynx back on track.
AN ANALYSIS OF THE PRODUCT & THE TECHNOLOGY
In-House, by Kojira
Oct. 09, 2006. From a post the same day... http://www.investorshub.com/boards/read_msg.asp?message_id=13883207
"I've spent some time the last couple of weeks exchanging emails/talking to Talieh and his engineers about the product and digging into all the documentation . I'm very impressed with the functionality currently available and the future direction they are taking the product. I work as a technologist in the IT sector and as such my expertise focuses on Fiber channel and IP based technologies. Telynx is an IP (internet protocol) based technology.
"Telynx is a Network management and reporting product that allows you to report across data centers or geographies with regards to your environments network equipment from a roll up perspective. Rollup meaning to aggregate information (for example the number of ports of a certain type). Could be used for capacity planning etc. This is very critical as products like these are targetted to the high end of the market (CIOs and management types) and usually generate higher margins. Now the sales lead time is usually lengthier as well.
"Telynx is using a lot of open standards such as SNMP to pull information from these devices which is an industry best practice method of accessing this info. They do not deploy agents (which is a big win), their data collection is meant to be more passive in nature.
"IMO billing will probably be a part of this in the future and chargeback is a big deal. A lot of internal business units often ask to bring on more servers etc, but the number of servers and port usage is not tracked appropriately. Having a system like Telynx III will hopefully in the future allow IT (which is a cost center) to chargeback for ports allocated to lines of business etc.
"A lot of this may sound Geeky and that is very much the case. I have not touched the product myself, but based on discussions and reviewing docs that are publicly available this is some extra perspective on the product."
We are hoping that over the next few weeks we will get a copy of the product and put it through its paces. - Ed.
TOLERANCE AND RESPECT
The idea here is to create a place for this stock to be discussed, not pumped or managed. Postings pro and con, as long as they do not try to disrupt the board, are welcome.
The only posts that will be deleted are personal attacks, and those that do not meet the iHub standards under the TOU. Personal attacks are ANY posts that attempt to slander ANYBODY publicly, and that includes a third party slander. Consistent abuse will result in a permanent ban from the board. Period.
In addition, posts which are clearly off topic will be removed, once the poster is given a chance to alter the post within the 15 minute window of opportunity.
This last item will be treated with the utmost respect... too often board mods use this as a tool to manage a discussion. We can assure you that this will not be the case here.
All other posts are fair game and will be allowed to stand on their own merit.
Please read the iHub TOU.
Have fun, and prosper.
SEC SUSPENSION Dec.29, 2006
U.S. SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 55020 / December 29, 2006
SECURITIES AND EXCHANGE COMMISSION SUSPENDS TRADING IN SECURITIES OF TLYN FOR FAILURE TO MAKE REQUIRED PERIODIC FILINGS
The U.S. Securities and Exchange Commission announced the temporary suspension of trading of the securities of TLYN, commencing at 9:30 a.m. EST on December 29, 2006, through 11:59 p.m. EST on January 16, 2007:
The Commission temporarily suspended trading in the securities of TLYN due to a lack of current and accurate information about the stock.
They have not filed certain periodic reports with the Commission (Delinquent in Seven).
This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act). The Commission cautions brokers, dealers, shareholders and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by these companies.
Brokers and dealers should be alert to the fact that, pursuant to Exchange Act Rule 15c2-11, at the termination of the trading suspensions, no quotation may be entered relating to the securities of the subject companies unless and until the broker or dealer has strictly complied with all of the provisions of the rule.
If any broker or dealer is uncertain as to what is required by the rule, it should refrain from entering quotations relating to the securities of these companies that have been subject to trading suspensions until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met.
Any broker or dealer with questions regarding the rule should contact the staff of the Securities and Exchange Commission in Washington, DC at (202) 551-5720. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information which may relate to this matter, they should immediately communicate it to the Delinquent Filings Branch of the Division of Enforcement at (202) 551-5466, or by e-mail at DelinquentFilings@sec.gov.