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News update out on the website. http://www.petel.co.uk/site/index.php?option=com_content&task=view&id=103&Itemid=50
Shareholder Update
Tuesday, 11 September 2007
Sale of Medify Solutions Limited
As announced yesterday (Monday, 10th September) Petel Incorporated has agreed the sale of Medify Solutions to an existing Pink Sheet shell for 20M shares in the emergent floated entity.
The new company is currently in the process of filing a reverse merger and name change and will make its own announcement to the market later in September 2007.
The shares in the shell are currently valued at $0.15 and the number of shares issued for this transaction will remain unaltered post the reverse merger.
Therefore the valuation of the sale of Medify Solutions Limited is 20,000,000 shares x $0.15 =$3,000,000.00.
The shareholding received by Petel Incorporated represents 20% of the new entity float.
The terms of the sale are fully concluded and signed.
The shares received by Petel Incorporated will not be distributed to shareholders for the following reasons:
1) Petel Inc cannot distribute shares in another company to its shareholders. Petel Inc can only pay dividends in cash or in its own shares. There will be no dividend of cash or Petel Inc shares associated with this sale.
2) The 20M shares received will add $3M in value to the Company. The shares, if liquidated will provide a sustainable income stream for the Company, allowing an acceleration of further growth, development and acquisition plans accelerating the progression to full market capability of SexQube.TV.
3) Petel Inc currently has a market cap of $12,145,000.00. In addition the Company has a holding in a2a Group Plc valued at $1,411,375.00. The further shareholding in the new Medify Solutions entity adds $3,000,000.00.
Added to the market cap, this gives a value of $16,556,375.00 for the Company and represents a 35% increase in company value and balance sheet in real terms. This equates to a true pps based on assets and income of $0.095.
No past members of Medify Solutions Limited, or the floated US entity, remain with either Petel Incorporated, Petel Limited or Medify Solutions Limited.
The Directors and Officers of Petel Incorporated authorised to enact this process are David Morton (CEO) and Philip Evans (COO).
ENDS
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Petel, Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
The new management have also focused on the final development of the Medify Remote and SystmOne Remote products. The Company anticipates launching both products in October 2007
Just saw the news. I still believe good things will come. I really hope that Medify Solutions takes off, and Petel keeps progressing the way they are. Good luck everyone.
http://www.petel.co.uk/site/index.php?option=com_content&task=view&id=101&Itemid=50
News Out PTEL !!!
Petel Inc. secures $3m for Medify Solustions Ltd
Monday, 10 September 2007
Petel Incorporated secures $3,000,000 for Sale of Medify Solutions Limited
The Board of Petel Incorporated today confirms the completion of the sale of UK subsidiary Medify Solutions Limited. Under the terms of the agreement Petel Inc will retain a 20% shareholding in the new entity. The new owners of Medify Solutions Limited will make an announcement to the markets by the end of September 2007.
Whilst recognising the significant potential offered by the Medify Solutions product, it is the view of the Board of Petel Inc that the Company and its shareholders are best served by focusing resources on the continued development and expansion of Petel Inc core brands, with particular focus on SexQube.TV.
The retention of 20% shareholding in the new entity, valued at $3,000,000.00, provides a valuable balance sheet asset and a further source of income for the Company, with no negative effect on PTEL.pk shareholder value. There is no restriction on the terms of the Company liquidating its holding.
Medify Solutions Limited designs and supplies software for mobile access to patient notes. Despite reports from Ian O’Reilly, former CEO of Medify Solutions that the Medify Solutions Limited was no longer viable, a newly recruited management team has revitalised the prospects of the Company.
Andrew Hawkins, VP Sales and Marketing - part of the new Medify Solutions management, has confirmed that Medify Solutions Limited has ongoing partnerships with TPP (The Phoenix Partnership), EMIS (Egton Medical Information Systems) and Vodafone.
The new management have also focused on the final development of the Medify Remote and SystmOne Remote products. The Company anticipates launching both products in October 2007.
Hawkins has invested time in communicating with all past and present customers, and more significantly with PCTs (Primary Care Trust) who have expressed interest in the product. These communications have confirmed there is a strong demand for both the Medify Remote and SystmOne Remote products within the UK National Health Service (NHS).
Petel Inc CEO David Morton comments “It is great news to be finally able to announce the sale of Medify Solutions Limited. We know our shareholders have been anxious to gain information regarding the sale. We are pleased that through the sale we have been able to provide an additional income stream, allowing us to fund ongoing operation with no negative impact on shareholder value”.
News out !!
Petel Inc. secures $3m for Medify Solustions Ltd
Monday, 10 September 2007
Petel Incorporated secures $3,000,000 for Sale of Medify Solutions Limited
The Board of Petel Incorporated today confirms the completion of the sale of UK subsidiary Medify Solutions Limited. Under the terms of the agreement Petel Inc will retain a 20% shareholding in the new entity. The new owners of Medify Solutions Limited will make an announcement to the markets by the end of September 2007.
Whilst recognising the significant potential offered by the Medify Solutions product, it is the view of the Board of Petel Inc that the Company and its shareholders are best served by focusing resources on the continued development and expansion of Petel Inc core brands, with particular focus on SexQube.TV.
The retention of 20% shareholding in the new entity, valued at $3,000,000.00, provides a valuable balance sheet asset and a further source of income for the Company, with no negative effect on PTEL.pk shareholder value. There is no restriction on the terms of the Company liquidating its holding.
Medify Solutions Limited designs and supplies software for mobile access to patient notes. Despite reports from Ian O’Reilly, former CEO of Medify Solutions that the Medify Solutions Limited was no longer viable, a newly recruited management team has revitalised the prospects of the Company.
Andrew Hawkins, VP Sales and Marketing - part of the new Medify Solutions management, has confirmed that Medify Solutions Limited has ongoing partnerships with TPP (The Phoenix Partnership), EMIS (Egton Medical Information Systems) and Vodafone.
The new management have also focused on the final development of the Medify Remote and SystmOne Remote products. The Company anticipates launching both products in October 2007.
Hawkins has invested time in communicating with all past and present customers, and more significantly with PCTs (Primary Care Trust) who have expressed interest in the product. These communications have confirmed there is a strong demand for both the Medify Remote and SystmOne Remote products within the UK National Health Service (NHS).
Petel Inc CEO David Morton comments “It is great news to be finally able to announce the sale of Medify Solutions Limited. We know our shareholders have been anxious to gain information regarding the sale. We are pleased that through the sale we have been able to provide an additional income stream, allowing us to fund ongoing operation with no negative impact on shareholder value”.
New additions to the sex.tv site. They now have a segment with show girls. Really cool. I can't link to the hub, but you can go to the main site and then get in. Have a great day !! Go PETEL.
http://www.petel.co.uk/site/index.php?option=com_frontpage&Itemid=1
Good info solid /badge Thanks.
News out today !
28/08/07
Convergence Technologies Group Inc. UK Subsidiary Completes 2 new multi-site contracts worth $162,000
Convergence Technologies Group Inc. UK Subsidiary
Completes 2 new multi-site contracts worth $162,000
(CNVG.pk)
Voice 2 Voice Limited, the UK subsidiary of Convergence Technologies Group Inc. (CNVG.pk) today announces completion of new multi-site contracts in England and Wales.
The Company has delivered Converged Communications systems for Hambleside Danelaw, part of the Hambleside International Group. In addition, Voice 2 Voice Limited has supplied systems to multi-franchise luxury car specialists Rybrook Group.
Installation at the new, state of the art Daventry Hambleside Danelaw facility was completed this week with the Inverness and Waterlooville sites scheduled in the next three weeks. Hambleside Danelaw received the 2006 Queens Award.
The Hambleside Danelaw contract delivers revenue of $54,000 to Convergence Technologies Group.
Rybrook Group engaged Voice 2 Voice to design and install systems for three prestige car sales sites throughout the UK. From the initial BMW dealership in the Midlands, Voice 2 Voice’s contract has been extended to cover the Bentley dealership situated in South Wales and the Jaguar/Volvo site in Warrington. Total contract value for the three sites delivered is $108,000.
Convergence Technologies Group Inc CEO Warren Stroud comments “These two new contracts demonstrate that we are committed to delivering excellence, and that our sales pipeline forecasts real and deliverable business and revenue. Due to the quality of service and equipment that the Company supplies we are enjoying rapid growth and remain on target to deliver our 2007/2008 forecasts.”
Voice 2 Voice summary:
• Designs, supplies, installs, maintains and consults on specialist Converged communications systems for voice, date, mobile, video and line of business applications.
• Profitable every year from inception.
• Voice 2 Voice turnover forecast to grow 58% July 2007 – September 2007, further 89% growth October 2007 – December 2007.
• Negligible debt, total of $35,833.56.
• Sales pipeline now valued in excess of $2M.
• IDC Western European VOIP Applications forecast for Western European VOIP Market Value will be $2.25 billion by 2011.
A full corporate overview including current financial and sales pipeline information is available on the Investor Relations page at www.convergencetechnologygroup.com
For more information please visit
www.convergencetechnologygroup.com
To contact the company, please use the online contact form.
ENDS
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Convergence Technologies Group Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
EIGH, Running, up 43% to 1.00!!! Newly Listed profitable pinksheet.
DD here: http://investorshub.advfn.com/boards/board.asp?board_id=10071
EIGH, Running, up 43% to 1.00!!! Newly Listed profitable pinksheet.
DD here: http://investorshub.advfn.com/boards/board.asp?board_id=10071
CNVG- Wins Second Central Government Agency Telephony
Contract
Initial contract value is $42 000.00 for the HQ with 4
additional sites to follow.
Full Press Release can be viewed here:
http://biz.yahoo.com/prnews/070820/ukm026.html?.v=15
Company Highlights:
- $519,479 in revenues over the last year
- Quarter-over-quarter revenue growth over the last
year has come in at an astounding average increase of
45.3%
- Profitable last quarter, expected to continue and
exponentially grow going forward (a pinksheet already
in the green!)
- Existing Customers span over 10+ unrelated business
sectors, eliminating reliance on a single sector in
case of sector downturn
- Total sales pipeline as of June 29th was $1.76
million
For further information regarding CNVG and its
products/services, visit:
http://investorshub.advfn.com/boards/board.asp?board_id=10003
Homepage:
http://www.convergencetechnologygroup.com/home.html
Corporate Overview:
http://www.convergencetechnologygroup.com/v2v%20v7.pdf
CNVG- Wins Second Central Government Agency Telephony
Contract
Initial contract value is $42 000.00 for the HQ with 4
additional sites to follow.
Full Press Release can be viewed here:
http://biz.yahoo.com/prnews/070820/ukm026.html?.v=15
Company Highlights:
- $519,479 in revenues over the last year
- Quarter-over-quarter revenue growth over the last
year has come in at an astounding average increase of
45.3%
- Profitable last quarter, expected to continue and
exponentially grow going forward (a pinksheet already
in the green!)
- Existing Customers span over 10+ unrelated business
sectors, eliminating reliance on a single sector in
case of sector downturn
- Total sales pipeline as of June 29th was $1.76
million
For further information regarding CNVG and its
products/services, visit:
http://investorshub.advfn.com/boards/board.asp?board_id=10003
Homepage:
http://www.convergencetechnologygroup.com/home.html
Corporate Overview:
http://www.convergencetechnologygroup.com/v2v%20v7.pdf
NEWS AND PRESS
20/08/07
Convergence Technologies Group Inc. Wins Second Central Government Agency Telephony Contract
Convergence Technologies Group Inc. Wins Second Central Government Agency Telephony Contract
(Pink Sheets – CNVG.pk)
National Probation Service – Staffordshire Area place order for VoIP solution.
• Open consultative approach
• Project managed transition to IP network
• Tailored VoIP solution for all sites
• Flexible and low administration costs
Equipment List
Splicecom Maximiser
Overview
National Probation Service – Staffordshire Area is the second of 42 areas within the National Service serving a population of around 1,312,000, employing over 500 staff at various offices across the midlands; their principal role is to work with offenders in a number of ways to reduce crime and protect the public.
Business Challenge
Convergence prompted the customer to look at their voice and data network to see how operational improvements could be identified. After consultations it was clear a VoIP based solution met their requirements to invest in a flexible, future proof telephone system which could form the platform for creating seamless communication of voice and data between all sites.
The Solution
The Area HQ located in Stafford, forms the pilot site for this IP based solution. A process of consultation identified the existing network and telephone infrastructure across all sites together with business and operational needs. This enabled a tailored long term solution to be delivered. Initial contract value is $42 000.00 for the HQ with 4 additional sites to follow.
The data security specifications of the Home Office require that each central government agency area operate on an independent network. An independent network will be configured and installed based on a managed power over ethernet network switches. From this 5 IP handsets and 70 desk user sets through a new Splicecom Maximiser telephone system will be installed.
The Splicecom Maximiser is IP based and offers excellent flexibility to expand users, links across sites and administer moves and changes from any site simply and at no additional cost. The transition will be managed effectively and without disruption to site operations.
IP handset specified will enable the usage of all users to be viewed and come with a large intuitive touch screen operation for ease of use and the option to customise software and browse the internet.
Project Managed VoIP transition programme
Following the success of implementing this solution for another area and the obvious potential operational savings relating to the obsolete need for TDM Legacy equipment, as well as the operational efficiencies of the telephone system, National Probation Service – Staffordshire Area wish to roll out an IP solution to all of their sites.
Ian Hewitt, the Business Support manager for the Staffordshire Area comments “The development of an I.P. solution was an unknown journey for our organisation, but with effective planning and dedicated support we now look forward to achieving our roll-out programme across Staffordshire with Voice 2 Voice as our partners”.
A full corporate overview including current financial and sales pipeline information is available on the Investor Relations page at www.convergencetechnologygroup.com
For more information please visit
www.convergencetechnologygroup.com
To contact the company, please use the online contact form.
ENDS
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Convergence Technologies Group Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Hey Pick,
I had to call down to Ameritrade and ask the broker to put in a bid for me. Then they added the symbol to the system.
CNVG.pk - Profitable new Pink with $2M sales pipeline and minimum 50% growth quarter on quarter.
Started trading yesterday on grey, closed at 55 cents on the first day, sure to breakout and top the dollar in the next few days.
15c211 filed awaiting approval.
Full financials in a complete business plan available at www.convergencetechnologygroup.com
Get in this hot VoIP company early!
To find out more information about CNVG, its market and its products & services visit:
http://investorshub.advfn.com/boards/board.asp?board_id=10003
or visit the companies homepage:
http://www.convergencetechnologygroup.com/home.html
CNVG.pk - Profitable new Pink with $2M sales pipeline and minimum 50% growth quarter on quarter.
Started trading yesterday on grey, closed at 55 cents on the first day, sure to breakout and top the dollar in the next few days.
15c211 filed awaiting approval.
Full financials in a complete business plan available at www.convergencetechnologygroup.com
Get in this hot VoIP company early!
To find out more information about CNVG, its market and its products & services visit:
http://investorshub.advfn.com/boards/board.asp?board_id=10003
or visit the companies homepage:
http://www.convergencetechnologygroup.com/home.html
thanks Solid, just read it.
News today !
http://www.convergencetechnologygroup.com/news_detail.php?id=51
16/08/07
Convergence Technologies Group Inc. Appoints VP Technical Services
Convergence Technologies Group Inc. Appoints
VP Technical Services
(Pink Sheets – CNVG.pk)
Convergence Technologies Group Inc subsidiary Voice 2 Voice Limited has today announced the appointment of Mark Hill to the position of Technical Director and VP Technical Services.
Formerly of British Telecomm and with extensive industry experience in the private sector Hill joined the UK subsidiary in September 2007 and has quickly built a strong team of internal and external engineers, together with delivering further support, systems design and technical support. Hill’s strong team leading abilities have significantly strengthened the partnerships with Voice 2 Voice partners and paved the way for further portfolio expansion in the near future. Mark continues to work closely with Convergence Technologies Group CEO Warren Stroud to continue to achieve the Company forecasts.
As detailed in the Corporate Overview Document, available online at www.convergencetechnologygroup.com Hill is now tasked with expansion on all levels, and will be responsible for strengthening the in-house support and technical teams.
CEO Warren Stroud comments, “Mark has made an invaluable contribution to the recent success of Voice 2 Voice, and is the perfect candidate to fulfil this role as the Group expands and moves forward. We are very much looking forward to enjoy further success together.”
Voice 2 Voice summary:
• Designs, supplies, installs, maintains and consults on specialist Converged communications systems for voice, date, mobile, video and line of business applications
• Profitable as of June 2007
• Voice 2 Voice turnover forecast to grow 58% July 2007 – September 2007, further 89% growth October 2007 – December 2007.
• Negligible debt, total of $35,833.56.
• Sales pipeline now valued in excess of $2M
• IDC Western European VOIP Applications forecast for Western European VOIP Market Value will be $2.25 billion by 2011.
A full corporate overview including current financial and sales pipeline information is available on the Investor Relations page at www.convergencetechnologygroup.com
For more information please visit
www.convergencetechnologygroup.com
To contact the company, please use the online contact form.
ENDS
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Convergence Technologies Group Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Convergence Technologies Inc (CNVG) initial listing debuts at .50
Futher extension of sales pipeline exceeds $2 million:
http://www.breitbart.com/article.php?id=prnw.20070815.UKW063&show_article=1&catnum=7
To find out more information about CNVG, its market and its products & services visit:
http://investorshub.advfn.com/boards/board.asp?board_id=10003
or visit the companies homepage:
http://www.convergencetechnologygroup.com/home.html
Anyone having luck trading. I can't on ameritrade/schwab??? Maybe have to call..
News out today !! AND it's trading.......
Convergence Technologies Group Inc. UK Subsidiary Extends Sales Pipeline to over $2M
In the weeks between filing for quotation on Pink Sheets and approval, Convergence Technologies Group Inc subsidiary Voice 2 Voice Limited has further extended its sales pipeline to a value in excess of $2M.
The sales pipeline consists of contracts that Voice 2 Voice for which Voice 2 Voice has been asked to quote and is actively pursuing. The Company is forecasted to grow sales by 58% quarter on quarter following its Pink Sheets debut.
Voice 2 Voice Limited is a leading UK provider of converged communications solutions, and a partner to equipment suppliers Avaya and Splicecom. Established in 2003 by Warren Stroud the Company moved into profitability in June 2007 and has targeted controlled growth and expansion for 2007-2008.
Stroud comments “The significant extension to the sales pipeline that has been achieved in a manner of weeks underlines the future potential of the Group. Voice 2 Voice UK continues to grow month-on-month, quarter-on-quarter, delivering a profitable and stable base for future growth.”
Voice 2 Voice summary:
• Designs, supplies, installs, maintains and consults on specialist Converged communications systems for voice, date, mobile, video and line of business applications
• Profitable as of June 2007
• Voice 2 Voice turnover forecast to grow 58% July 2007 – September 2007, further 89% growth October 2007 – December 2007.
• Negligible debt, total of $35,833.56.
• Sales pipeline now valued in excess of $2M
• IDC Western European VOIP Applications forecast for Western European VOIP Market Value will be $2.25 billion by 2011.
A full corporate overview including current financial and sales pipeline information is available on the Investor Relations page at www.convergencetechnologygroup.com
For more information please visit
www.convergencetechnologygroup.com
To contact the company, please use the online contact form.
ENDS
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Convergence Technologies Group Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Mike this is cool... Good find, looks really interesting on the website. I'll have the yellow one thank you.. http://www.8000inc.com/
http://www.petel.co.uk/site/index.php?
option=com_content&task=view&id=100&Itemid=50
1st ad campaigns launch on SexQube.TV
Wednesday, 08 August 2007
Today (8th August, 2007) sees the first advertising spot campaigns going live on SexQube.TV.
The first group of 5 x 30 second spots taps in to the highly lucrative adult premium rate phone services market (both live and virtual services); with further mobile services complimenting the live Sex Tips service being prepared for launch in the coming weeks.
Petel Inc, CEO David Morton comments "This is a very important milestone in the development of the SexQube.TV broadband television service, marking the introduction of broadcast advertising and resultant advertising and premium rate revenues to the channel. These early campaigns have been tested in the UK & Eire on the Sky digital platform and are proven to generate revenues in excess of $10,000 per month from an audience of circa 20,000 viewers. As our marketing campaigns come into force and final testing is completed we are confident we will achieve our 12 month revenue forecasts of $600,000 from premium rate and a further $420,000 in advertising sales".
This joint venture between Petel Inc, PNC and Dataclub provides both live and virtual services to SexQube.TV viewers in the UK and Ireland all on £1.50 (approx. $3.00) per minute tariffs, with an average payout to Petel Inc. of £0.92 (approx $1.84) per minute. Further territories will be added in the coming months as marketing coverage expands.
"We have been using the services of PNC and Dataclub for some time now, and are impressed with the quality of service and dwell times achieved on each service. These spots now allow us to further test the platform support systems, scheduling tools and advertising sales systems.
In addition to this we are also working on the first of our interactive ad spots which, unlike satellite or cable platforms, allow us to sell products and services direct to the viewer, in the same proven manner as our in-house produced tele-shopping programmes." – Phil Evans, Chief Operating Officer.
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Petel, Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Well put. Thanks
I agree Purple. I'm mostly in Real Estate. I have some metals, seps, and s&p. Mdfy/Ptel was my riskiest also, and still down to date. Saftey is the key for anyone for the near future. imo.
Well said !!
Hey gamble, I read the press release and did some research, recognised V2V, read the figures and think it will go well. Good luck !!
I liked it !! New things are being added everyday it seems!! Advertising reveunue will be HUGE imo...
Scorpiamossmoon how do you know about IOR? Have you spoken, did Ian say why he is no longer at TBG? I thought the contact came about through Nik Ellwood and Phil Evans being long time friends from bike racing. Thanks.
Welcome all and good luck. Looking at the Corporate Overview it seems very well presented. I like the fact that they are already profitable. Too many Pinks come out stating how much money they are going to make, these guys are showing their financials and their forecasts and are backed up by a detailed sale pipeline. Todays PR Convergence Technologies Group Inc. Launches to Pink Sheets With $1.758M Sales Pipeline
LONDON, August 7 /PRNewswire-FirstCall/ -- Convergence Technologies
Group Inc. today debuts onto the Pink Sheets OTC (OTC: CNVG) with an
established sales pipeline currently valued at $1.758M. Centred on UK
subsidiary Voice 2 Voice Limited, Convergence Technology Group Inc are
leaders in the field of Converged Communications Technology, delivering
flexible and efficient communication strategies and equipment to companies
on a local, national and international level.
Established in 2003 by CEO Warren Stroud, Voice 2 Voice is partnered
with leading global VOIP equipment specialists, including Avaya and
Splicecom. The Company has been profitable every year from inception, with
rapid growth in 2007 moving the company past annual break even in June. The
Pink Sheets launch coinciding with future expansion plans.
Voice 2 Voice delivers design, supply, install, maintain and
consultancy contracts for telecommunications and integrated voice networks.
Combining telecommunications focus with a dynamic and flexible approach to
meeting customers' business needs has helped Voice 2 Voice build a
reputation for first class service and support.
Over recent years Voice 2 Voice has established a wide and prestigious
customer base that includes premier organisations drawn from many sectors
both public and private. Voice 2 Voice allows small and large businesses to
become more professional in communicating with staff, customers and
suppliers by providing a converged communications service for data, voice,
video, mobile and line of business applications.
Voice 2 Voice brief summary:
- Designs, supplies, installs, maintains and consults on specialist
Converged communications systems for voice, date, mobile, video and line of
business applications
- Profitable every year since inception.
- Voice 2 Voice turnover forecast to grow 58% July 2007 - September
2007, further 89% growth October 2007 - December 2007.
- Negligible debt, total of $35,833.56.
- Sales pipeline currently valued at $1.758M
- IDC Western European VOIP Applications forecast for Western European
VOIP Market Value will be $2.25 billion by 2011.
A full corporate overview including current financial and sales
pipeline information is available on the Investor Relations page at
http://www.convergencetechnologygroup.com
For more information please visit
http://www.convergencetechnologygroup.com
To contact the company, please use the online contact form.
This news release contains forward-looking statements that are subject
to certain risks and uncertainties that may cause actual results to differ
materially from those projected on the basis of such forward-looking
statements. The words "estimate," "project," "intends," "expects,"
"believes," and similar expressions are intended to identify
forward-looking statements. Such forward-looking statements are made based
on management's beliefs, as well as assumptions made by, and information
currently available to, management pursuant to the "safe-harbour"
provisions of the Private Securities Litigation Reform Act of 1995. For a
more complete description of these and other risk factors that may affect
the future performance of Convergence Technologies Group Inc. see "Risk
Factors" in the Company's Annual Report on Form 10-KSB and its other
filings with the Securities and Exchange Commission. Readers are cautioned
not to place undue reliance on these forward-looking statements, which
speak only as of the date made and the Company undertakes no obligation to
disclose any revision to these forward-looking statements to reflect events
or circumstances after the date made or to reflect the occurrence of
unanticipated events.
News out !! Have a great day ! GO Petel !
http://www.petel.co.uk/site/index.php?option=com_content&task=view&id=99&Itemid=50
a2a Signs a Revenue Sharing Agreement
Tuesday, 07 August 2007
a2a Group Plc [PLUS: A2A0], the broadband TV platform company, is pleased to announce it has entered into an exclusive Revenue Sharing Agreement ("Agreement") with Petel Inc ("Petel"), the digital interactive media entertainment and consultancy group.
The terms of the Agreement are for the companies to pool collective resources over a 5 year period with an ability to generate up to £35 million in gross revenues for SexQube.TV, Petel’s leading adult brand and the world’s first free-to-air ("FTA") broadband TV network focussed on the global adult entertainment sector. SexQube.TV is scheduled for full launch on Wednesday, August 8th.
a2a provides the technical service to Petel, including broadcast management and transmission and its broadband television delivery platform through its own multi-channel service provider and content creation tool, Cube.TV.
a2a has a guaranteed 5% share of all gross revenue, paid monthly in arrears. Petel projects a first year target of £4 million gross revenue, a three year target of £20 million and five year target of £35 million for the UK and Ireland. Further details of Petel’s projected revenues can be found at www.petel.co.uk.
The companies will aim to generate these revenues by offering a converged adult entertainment platform driven by the world’s first FTA adult interactive programme channel incorporating video-on-demand ("VOD") services; subscription channels; retail online purchasing; premium rate interactivity and advertising sales and sponsorship.
Nick Brown, CEO of a2a Group, said:
"This Agreement is designed to initiate immediate and significant revenue growth for us. We have been working with Petel on this project very closely and we believe the five year target of £35 million revenue is attainable. The platform is totally scaleable for global markets and the multiple revenue streams and we anticipate it will provide us with a minimum 50% gross margin. In the UK alone, forecasters expect the broadband TV market to grow from last years numbers of 11.2 million homes to 18 million in 2010 and there are presently 9.1 million British men who use an adult web-site. We look forward to seeing the initial results."
Coinciding with the launch of SexQube.TV, a2a is pleased to announce the launch of its internet based interactive red-button service. Working along the same lines as the interactive red button on satellite TV, the service underwent successful trials and will be employed across all of Petel’s brands, beginning with SexQube.TV. The immediate benefit will be instant purchase of products via the red button in the live e-store, where there are 530 products for sale in addition to the 15,000 movies currently being processed, encoded and provisioned on the Video on Demand platform.
Philip Evans, COO of Petel Inc., comments:
"We believe this web-based interactive red-button service represents another world first from a2a. In initial trials of the red-button, it has played a significant part already in increasing usage and brand loyalty. Through our beta test phase, a typical consumer would buy two movies per week although we originally forecast one a month. If this continues to prove to be the case after the full public launch, our VOD service alone will exceed all forecasts."
---ENDS---
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Notes to Editors:
SexQube.TV is the first and currently only, free, fully interactive linear TV and pay-per-view video-on-demand broadband adult entertainment service in the world. Delivered via a platform designed for cable, satellite and now broadband broadcast, the heart of the SexQube.TV offering is the FTA channel of adult entertainment with commissioned programs designed to engage audiences and maximise tele-shopping and interactive revenues.
Platform Overview
· All services are reached via a single home page through any web browser.
· The homepage features the live feed of the FTA channel which can be paused, popped up into a separate window or blown full screen depending on the viewer’s preference.
· Two navigational panels offer schedule navigation via the electronic programme guide (EPG) and access to the PPV movie library, e-store and chat & date services. These panels and the video feed itself are contextual and therefore relevant to the user’s current environment and choices.
· Direct access to specific movies, products, chat & date services and the EPG are enabled instantly through use of the Red, Green, Yellow and Blue interactive buttons. These buttons are triggered in synch with the FTA feed and light up when calls to action appear in the programme content enabling, for example, a 30" movie promo featuring the Blue VOD button to take the viewer straight to the purchase of the movie when the Blue button is selected – true instant interactive teleshopping.
· Billing and collection has been integrated into the platform for all services and viewers can pay in any major currency via debit or credit card, premium rate phone billing or SMS.
· Viewers can maintain their own profile & home page, favourites, preferences, newsletters and purchases through the members’ area of the site.
· All platform activity is captured and reported allowing specific fine tuning of the platform, offers, pricing, viewer interaction and management.
Enquiries:
a2a Group Plc
Nick Brown 07808 130 388
Petel Inc
Philip Evans 0207 870 8805
gth media relations
Jade Mamarbachi 0207 153 8035
Fisher Corporate Plc
Gary Miller 0207 388 7000
For further information on a2a Group Plc, please visit: www.a2a.tv
The Directors of the Issuer accept responsibility for the contents of this announcement
This is the actual PR.
Broadband TV World First
Monday, 06 August 2007
Petel Incorporated achieves broadband television world first in final test phase with SexQube.TV
(Pink sheets: PTEL.pk)
Petel Incorporated today announce the achievement of a world broadband television first as the Company enters the final test phase for free-to-air adult broadband television channel SexQube.TV.
The first three free-to-air episodes, including tele-shopping programming, have now been added to the channel, along with the live launch of SexQube.TV’s interactive “red button” technology.
The “red button” technology allows viewers to instantly interact with the channel, and is the first of its type to be utilised with a broadband television platform. The “red button” service allows viewers to make instant purchases from the Video-on-Demand Library, the SexQube.TV Shop or the Interactive Community Services by pressing the appropriate button when the desired product appears on screen.
In parallel to this, the airtime sales tools and scheduling software are being integrated with the channel to allow channel managers to easily set up advertising spots and to integrate new free-to-air content as it is submitted. The first advertising campaign with SexQube.TV has been agreed with JV partners and the first five ads will be screened this month. Further announcements relating to the tools, software and advertiser clients will be made shortly.
Chief Operating Officer Philip Evans comments “The live launch of “red button” on the channel means we can now rigorously test the full functionality and unique features of SexQube.TV. By allowing our viewers to make instant impulse purchases of the products and videos they see advertised on screen, we can maximise the commercial benefits of the platform. In addition, by airing the first three episodes of The Sex Doctor, The Sex Shop Show and The Movie Show we can demonstrate to customers and investors the quality of programming that we are producing and the scope for e-commerce revenue opportunities. The combination of the free-to-air content and instant interactivity with the red button technology makes this a first for a broadband television channel anywhere in the world. We anticipate this final test phase will be complete within three weeks.”
Visit Investor Relations for the atest Quarterly report and Corporate Overview.
ENDS
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Petel, Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Kg, I think they went live sometime this week. I was on the site today, and saw a live show. My guess is that they keep adding from here. They've also put the directors, and producers on the bottom of the screen at the end of the show. Link below.
http://www.sexqube.tv/
Plus markets link information below: http://www.plusmarketsgroup.com/story.shtml?ISIN=GB00B19KF576&NewsID=25414
a2a Group plc select Overview Profile Contacts Reports & Accounts Offerings News Market Data Charts
News
a2a Group plc - Trading Update
CLIENT : a2a Group
SUBJECT : Trading Update
TARGET MEDIA : Newstrack & Newspaper, Marketing trade media
DATE : 26th July 2007
A2A GROUP PLC
("A2A" OR "COMPANY")
PRE-CLOSE TRADING UPDATE
A2A Group Plc [PLUS: A2A0], the broadband television R&D company, today
announces its pre-close trading update for the period up to 31 July 2007.
Following the admission of the holding Company and its subsidiaries on to PLUS
in August 2006, A2A has made good progress in the development of its core
product Cube.TV - a multi-channel service provider and content creation tool
for web-TV - which is due to be formally launched in September 2007. During the
last 6 months, the Company presented at Cannes Lions, the annual international
advertising festival and has concluded the following license, distributing and
broadcast contracts:
ESPN CLASSIC
* A 12-month project to deliver a first of its kind multi-territory airtime
sales hub.
* The Company developed a unique solution that links major sales networks and
broadcast systems to synchronise the sale or airtime across each of ESPN's
dedicated local language broadcast feeds across Europe
CANNES LIONS
* The Company debuted Cube.TV and impressed ad agencies and marketing
companies with its ability to allow media planners for the first time to
plan highly targeted campaigns based around the digital TV audience profiles
they want to reach - through the combination of the multiple channels
Cube.TV will be delivering, and its unique audience measurement system.
TRAINERS EYE TV
* An exclusive horse-racing based web-TV channel dedicated to providing
horseracing and gambling community with exclusive and previous unavailable
footage of horses.
* The launch is currently only event-based with initial results from the
summer horse-racing season including Ascot due out shortly.
DELIVERYDOTCOM
* Signed a partnership with digital, rich media marketing company to deliver
video within email without the need for streaming.
* This is a significant step forward for online marketers - providing
broadcasters with a tool to specifically boost interaction with brand
emails, enhance open and click through rates and other forms of direct
marketing.
OBUS PLC
* The Company has been granted a licence to create, deliver and distribute
exclusive content through their INTATV systems network throughout the UK and
Australia.
* INTATV is an IPTV media platform designed to attract new revenue
opportunities for local and national advertisers - generating new revenue
streams for leisure venues including pubs and hair salons.
* The private network delivers high-quality music, comedy and sports
programming distributed across a broadband platform, encouraging interaction
and revenue through mobile, loyalty-card, coin-operated and Internet
channels.
INFORMATION TV
* Information TV, a Government-backed information channel, has joined
Cube.TV's platform and will be the first client to simultaneously broadcast
content on Cube.TV and Sky.
HYPTV
* HypTV, the world's first creative channel, has joined Cube.TV's platform.
* HypTV aims to be a creative hub, offering opportunities for creatives and
artists of all genres to gain exposure of their work. It is currently being
shown on Information TV's Sky channel.
Nick Brown, CEO of A2A Group, comments:
"The advances we have made underline the value of pooling resources
with Petel Inc. through the business combination that was concluded
in June this year. We look forward to securing a significant niche
of the broadband TV market - TV 2.0 - which has the potential to
rival traditional media in the years ahead with IPTV households
expected to grow from 7 million to 48 million over the next twelve
years.
With the business on track to reach profitability from September, we
believe our revenue model that combines advertising revenues with
fees from content owners for use of the Cube.TV platform, is a
scaleable and dynamic one for this emerging market."
---ENDS---
ENQUIRIES:
a2a Group Plc
Nick Brown 020 7960 6022
gth media relations
Jade Mamarbachi 020 7153 8035
Fisher Corporate Plc
Gary Miller 0207 388 7000
For further information on a2a Group Plc, please visit: www.a2a.tv
The Directors of the Issuer accept responsibility for the contents of this
announcement
Just saw it. Nice find and thanks !