ITSZ was .20 in April after previous aquisition was announced, that was rescinded, merger announced today, last at .035. From the news today:
With our aggressive strategy, we believe we can become one of, if not the largest independent players in North America." It is expected that the merger will close within the next two weeks.
Satellite Phone Source is a leader in satellite phone sales and rentals. The company has provided phones to Fortune 500 companies, the U.S. military and small businesses and consumers throughout North America. A complete list of their products and services can be found at www.satellitephonesource.com.
In other news, ITOS announced that it has retired 100 percent of the debt left behind by previous management.
news: http://biz.yahoo.com/bw/040805/55693_1.html
the news came out later in the day today at 2:42