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Yea - let's get Rockin'
Good thing come to those who wait :D
We got some $FLTT momo going here bro
$FLTT is on da move :)
Flint Telecom Creates Mobile Payments Infrastructure
Forging a Path Towards the Use of Mobile Phones for Financial Transactions Around the World
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o Flint Telecom Group, Inc.
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Symbol Price Change
FLTT.OB 0.0027 +0.0001
Chart for FLINT TELECOM GROUP
{"s" : "fltt.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}
Press Release Source: Flint Telecom Group, Inc. On Thursday November 11, 2010, 9:56 am
OVERLAND PARK, KS--(Marketwire - 11/11/10) - Flint Telecom Group, Inc. (OTC.BB:FLTT - News), an International telecoms technology and services organization, today announced the creation of a robust, fully secure and scalable, mobile payment infrastructure that will allow registered users to transfer money and perform other financial transactions from their cell phone. Initially available in the United States, and rolled out in multiple countries thereafter, first generated revenues are expected as early as the first quarter of next year.
With this service, registered users will be able to transfer money to relatives and friends and to pay bills with a simple text message or secure phone call.
Bernie Fried, President and COO of Flint Telecom Group says, "This innovative platform gives superior levels of customer service and convenience for mobile financial services, coupled with the security, scalability and robustness necessary to perform such transactions. Our platforms are certified at the highest level of security and industry conformance. In addition, not only will this innovative new approach to transferring funds bring a new level of convenience for registered users, the fees charged will be less than those charged by leading money transfer companies today."
According to the GSM Association, the Mobile Standards Organization, by 2012, the number of recipients of international mobile payment remittances could reach 1.5 billion and the size of the remittances market could total US $1 trillion.
Vincent Browne, Chairman and CEO of Flint Telecom Group, commented, "Mobile banking on cell phones will extend financial transaction services to millions of people on a global basis in the coming years. This service is made possible by our recent acquisitions that provide a fully integrated mobile payment processing infrastructure, resulting from many years of development and operation. We believe that we can attract in excess of 250,000 new clients within the first twelve months, generating over $2 million in daily transactions from which Flint will receive a processing fee. This will have a direct, positive effect on Flint Telecom Group revenues and margins as it is rolled out through our strategic partners in the U.S. and internationally."
About Flint Telecom Group, Inc.
Flint Telecom Group Inc. is a fast growing Telecoms Technology Organization with a portfolio of companies that deliver next-generation IP communications Products and Services. The Company was founded by telecom and technology entrepreneurs with a proven track record in building global technology companies. Flint Telecom has grown both organically and through corporate activity and is traded on the OTC Bulletin Board® (OTCBB) under the ticker FLTT.OB. Additional information may be found at www.flinttelecomgroup.com
This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expects", "intends", "believes", and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, risks associated with the integration of businesses following an acquisition and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
We're back in the 3's weeeeeeeeeeee
Flint Telecom Creates Mobile Payments Infrastructure
Forging a Path Towards the Use of Mobile Phones for Financial Transactions Around the World
marketwire
*
Share
*
retweet
* Email
* Print
*
Companies:
o Flint Telecom Group, Inc.
Related Quotes
Symbol Price Change
FLTT.OB 0.0027 +0.0001
Chart for FLINT TELECOM GROUP
{"s" : "fltt.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}
Press Release Source: Flint Telecom Group, Inc. On Thursday November 11, 2010, 9:56 am
OVERLAND PARK, KS--(Marketwire - 11/11/10) - Flint Telecom Group, Inc. (OTC.BB:FLTT - News), an International telecoms technology and services organization, today announced the creation of a robust, fully secure and scalable, mobile payment infrastructure that will allow registered users to transfer money and perform other financial transactions from their cell phone. Initially available in the United States, and rolled out in multiple countries thereafter, first generated revenues are expected as early as the first quarter of next year.
With this service, registered users will be able to transfer money to relatives and friends and to pay bills with a simple text message or secure phone call.
Bernie Fried, President and COO of Flint Telecom Group says, "This innovative platform gives superior levels of customer service and convenience for mobile financial services, coupled with the security, scalability and robustness necessary to perform such transactions. Our platforms are certified at the highest level of security and industry conformance. In addition, not only will this innovative new approach to transferring funds bring a new level of convenience for registered users, the fees charged will be less than those charged by leading money transfer companies today."
According to the GSM Association, the Mobile Standards Organization, by 2012, the number of recipients of international mobile payment remittances could reach 1.5 billion and the size of the remittances market could total US $1 trillion.
Vincent Browne, Chairman and CEO of Flint Telecom Group, commented, "Mobile banking on cell phones will extend financial transaction services to millions of people on a global basis in the coming years. This service is made possible by our recent acquisitions that provide a fully integrated mobile payment processing infrastructure, resulting from many years of development and operation. We believe that we can attract in excess of 250,000 new clients within the first twelve months, generating over $2 million in daily transactions from which Flint will receive a processing fee. This will have a direct, positive effect on Flint Telecom Group revenues and margins as it is rolled out through our strategic partners in the U.S. and internationally."
About Flint Telecom Group, Inc.
Flint Telecom Group Inc. is a fast growing Telecoms Technology Organization with a portfolio of companies that deliver next-generation IP communications Products and Services. The Company was founded by telecom and technology entrepreneurs with a proven track record in building global technology companies. Flint Telecom has grown both organically and through corporate activity and is traded on the OTC Bulletin Board® (OTCBB) under the ticker FLTT.OB. Additional information may be found at www.flinttelecomgroup.com
This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expects", "intends", "believes", and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, risks associated with the integration of businesses following an acquisition and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Trouble with posting - stuck on loading - forget the last post - we got another uptick!!! weeeeeeeeeeeee
Only 1 on the Ask - 2 on the Bid :D
2 on the Bid - Only 1 on the Ask :D
We got an uptick..
Flint people, let's rock! (No pun intended)
This company has so much going for it, a smart business model goes a long way...
There's a buyer for every sell - Don't be so hard on yourself
Yea - I noticed we're moving easier on a low volume day - Next high volume day should be funnnnnnnnnnnn........
Not always right but seldom wrong.............. rofl
I think the Q is not due till Monday
Yes Guinness - Looks like consolidation to me
Right you are :D
Then it will be PPWEeeeeeeeeeeeeeeeeeee lol
Alright :D - Let's get this ball rollin'
Hope we scare those naked shorters back into their clothes lol
Moving up on low volume today
Good morning Flint heads
This should work http://twitter.com/FlintTeleFLTT
Hope you're right bro
Add pre-paid cell phones to that list
Here's the Twitter page http://twitter.com/#!/FlintTeleFLTT
$FLTT - Get ready to bounce - On Naked short list too http://www.tmcnet.com/usubmit/-buyinsnet-shz-gtxi-biod-gxexf-fltt-fnma-have-/2010/11/08/5123247.htm :)
My sentiment exactly :)
Cute kid BTW
Why is this good?
Well it's a simple supply and demand thing - When it comes time to cover, if the shares are not in the market, the demand goes up, when demand is higher than supply, the price goes up, when the price goes up during the time to 'cover' the short it causes a 'Short Squeeze' which is like a sell off in reverse, causing a run up in the stock as short sellers scramble to cover their shorts to minimize their losses.
A naked short is held to a time line because the MM's have to balance their trades - This is why the covering of naked shorts are far more likely to cause a short squeeze than a normal short sell.
What Does Naked Shorting Mean?
The illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. But due to various loopholes in the rules and discrepancies between paper and electronic trading systems, naked shorting continues to happen.
Here's the link http://www.tmcnet.com/usubmit/2010/11/08/5123247.htm
Investopedia explains Short Squeeze
Short squeezes occur more often in smaller cap stocks with small floats.
If a stock starts to rise rapidly, the trend may continue to escalate because the short sellers will likely want out. For example, say a stock rises 15% in one day, those with short positions may be forced to liquidate and cover their position by purchasing the stock. If enough short sellers buy back the stock, the price is pushed even higher.
This low could trigger that short squeeze, this could be what we're looking for guys n girls :)
BUYINS.NET: SHZ, GTXI, BIOD, GXEXF, FLTT, FNMA Have Been Added To Naked Short Lists Today
(M2 PressWIRE Via Acquire Media NewsEdge) RDATE:08112010 BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX, NYSE, OTCBB and Pinksheet naked short threshold lists. China Shen Zhou Mining (AMEX: SHZ), GTX Inc. (NASDAQ: GTXI), Biodel (NASDAQ: BIOD), Geologix Exploration (OTC: GXEXF), Flint Telecom (OTCBB: FLTT) and Fannie Mae (OTCBB: FNMA). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to http://www.buyins.net .
Investopedia explains Short Squeeze
Short squeezes occur more often in smaller cap stocks with small floats.
If a stock starts to rise rapidly, the trend may continue to escalate because the short sellers will likely want out. For example, say a stock rises 15% in one day, those with short positions may be forced to liquidate and cover their position by purchasing the stock. If enough short sellers buy back the stock, the price is pushed even higher.
Good post :)
Rome wasn't built in a day, for sustained volume increase you need to do it slowly over time with a gradual build up imo