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It looks like a repeat of 2008. You can't single out this stock or company for blame when gold is crashing and burning through its 200 day moving average and silver is trading just above half it's 52 week high. Oil fell some $4.00 a barrel today. The U.S. stock market is just beginning its descent. Shanghai (Chinese stock market) is already at 52 week lows. Europe is melting down before our eyes.
This is another deflationary scare similar to 2008. It will continue until the Fed and central banks decide enough is enough and start printing (Quantitative Easing) again. U.S. economic stats, which have looked so promising lately, are a mirage. They will disappear along with Europe and China's stock markets. The stronger dollar is going to eat into corporate profits.
While Dennis Gartman is quick to say the gold bull market is over, just wait to see what he says once Bernanke brings back the helicopters again. The mood right now is that the bull market in precious metals is now done and we've seen the highs for years if not decades to come. Sell all your precious metals stocks and physical if you really believe that. Personally, I'm not buying it one bit. I'm cushioning the blow of losing money on precious metals investments with some shorts on the stock market. Lose one here, win one there.
Third Millennium Telecommunications, Inc. to Market Dish Network
PISCATAWAY, N.J., Apr 18, 2002 (BUSINESS WIRE) -- Third Millennium Telecommunications, Inc. (TMTM), a leading on-line direct marketing Company, announced a national agreement with EchoStar to market Dish Network Satellite Television.
"This agreement expands our product offerings to our existing and future distribution channels and provides us with an opportunity for additional residual income," stated Mike Galkin, President of Third Millennium. "It also allows us a further opportunity to prove our expertise as a leading online marketer."
Third Millennium, founded in 1997, offers wireless products and services on a national basis through its proprietary enterprise software platform and state-of-the-art fulfillment center. Through its enterprise software, the Company can create customized and scalable solutions to meet the evolving needs of the Internet marketplace. The Company has relationships with AT&T Wireless, WorldCom Wireless and GlobalstarUSA Satellite Services and provides service to over 250 dealers and affiliates nationwide.
Throughout its 20-year history, EchoStar has demonstrated its entrepreneurial spirit by achieving significant industry firsts including:
-- First to offer a satellite receiver for less than $200
-- First to develop a UHF remote control
-- First to offer an Integrated Receiver Descrambler (IRD) for
C-band satellite TV
-- First nationwide installation network dedicated solely to
satellite TV systems
-- First to offer a satellite TV receiver with an integrated
Internet browser
-- First to offer two-way, high-speed Internet access via
satellite
-- First to offer satellite receiver with built-in digital video
recording
What do you think??
216.234.225.2/sendFeedBack.asp?B=575&RL=1643&S=2743
CONTACT: Third Millennium Telecommunications
Mike Galkin, 732/465-1500
mike@tmt2000.com
URL: www.businesswire.com
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Copyright (C) 2002 Business Wire. All rights reserved.
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Third Millennium Telecommunications, Inc. Revenues Up 142%
PISCATAWAY, N.J.--(BUSINESS WIRE)--Feb. 25, 2002--Third Millennium Telecommunications, Inc. (OTCBB:TMTM), reported third-quarter revenue ending December 31, 2001 of $3,199,999 compared with $1,324,360 in the same period last year, a 142 percent increase.
The Company, a leading marketer of wireless products and services, also reported record profits for the third-quarter with net income of $235,435 versus a net loss of $15,286 for the same period last year.
"This is our second straight quarter of record earnings and our first as a public company," commented Mr. Mike Galkin, President of Third Millennium.
Galkin attributed the increase in revenues and earnings to the successful launching of the Company's e-commerce site in 2001 and expect continued success. "We have also begun signing significant government contracts for our secure satellite communication systems," stated Galkin.
Additional information about Third Millennium can be heard in an audio interview with Mr. Galkin at www.marketdd.com.
Third Millennium, founded in 1997, offers wireless products and services on a national basis through its proprietary enterprise software platform and state-of-the-art fulfillment center. Through its enterprise software, the Company can create customized and scalable solutions to meet the evolving needs of the Internet marketplace. The Company has relationships with AT&T Wireless, WorldCom Wireless and GlobalstarUSA Satellite Services and provides service to over 250 dealers and affiliates nationwide.
CONTACT:
Third Millennium Telecommunications
Mike Galkin, 732/465-1500
Email: mike@tmt2000.com
KEYWORD: NEW JERSEY
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Third Millennium Telecommunications, Inc. Announces the State of Nevada GSA Agreement
PISCATAWAY, N.J.--(BUSINESS WIRE)--Feb. 8, 2002--Third Millennium Telecommunications, Inc. (TMTM), a leading marketer of wireless devices, announced the signing of a GSA contract with the State of Nevada, its second GSA agreement with a state government.
Third Millennium will provide secure, encrypted voice and data communications for all organizations falling under the Nevada GSA Agreement. The Company previously announced a similar GSA agreement with the State of New York.
Third Millennium is a leader in the sale and marketing of satellite, voice and data communications products. It has developed the ability to provide secure satellite, voice and data communications by combining Globalstar's (OTCBB; GSTRF) satellite network with Copytele's (NASDAQ; COPY) encryption technology.
Mr. Michael Galkin, President of Third Millennium, commented, "This is our second statewide GSA agreement based on our unique encrypted wireless solution. Nevada, with its large geography and limited cellular service in rural areas, is ideally suited to use the Globalstar Satellite network. Globalstar has proven to be a viable communications medium for public safety and law enforcement in New York. We look forward to working with the government and agency's of Nevada, as we have with New York."
Third Millennium, founded in 1997, is a master agent for the sale of wireless telecommunications devices and services for AT&T Wireless, WorldCom Wireless and Globalstar USA. Its products and services are marketed by over 250 dealers and online affiliates nationwide.
CONTACT:
Third Millennium Telecommunications Inc., Piscataway
Michael Galkin, 732/465-1500
KEYWORD: NEW JERSEY
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CFI Mortgage, Inc., Continues to Move Forward to Formalize a Closing of Its Acquisition of Lender Ltd.
CLEARWATER, Fla.--(BUSINESS WIRE)--Jan. 3, 2002--CFI Mortgage, Inc. (OTCBB:CFIM) announced today that it continues to move forward with great resolve toward closing the acquisition of Lender Ltd. Both parties are now working diligently to provide the funding sources with the necessary documentation, which will enable the formalized closing to take place in the near future.
Jim Wickham, President of Lender Ltd. said, "The events of Sept. 11, 2001 and its impact on our economy and the subsequent interest rate reductions, had a profound effect on the mortgage industry, leaving us inundated with loan applications resulting in our need to increase our warehouse lines and tend to the business at hand. Although we are totally committed to the deal with CFI, the influx of business left us little time to devote to finalizing the transaction. We can now see our way clear and hope to be a part of CFI in the very near future."
Stephen E. Williams, Chairman, President and CEO of CFI said, "At this time we are awaiting a more definitive closing date to be established by our Investment Bankers, which I believe should be forthcoming in the very near future. Although we thought this transaction would have already closed, I certainly appreciate Jim Wickham's dedication to Lender Ltd. and its employees and know that he will bring that same dedication and drive to our new organization."
CFI's goal, through acquisition and internal growth, is to be a diversified leader creating custom software that provides technology-based business solutions for the national and international marketplace, as well as a leader in the mortgage industry. For more information on CFI please visit the Company web site at http://www.cfiinc.com or that of Responsive Research at http://www.responsiveresearch.com where you can subscribe, free of charge, to its mailing list for press releases, investor updates and market letters, which will keep you apprised of all late breaking CFI news.
This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
CONTACT:
Responsive Research, Inc., Coconut Creek, Fla.
Investor Relations: Richard C. Winkel, 954/977-8699
info@responsiveresearch.com
or
CFI Mortgage, Inc., Clearwater
Investor Relations: Marlene Noren, 727/674-1010
mnoren@cfiinc.com
KEYWORD: FLORIDA
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Third Millennium Telecommunications, Inc. Breaks into Ranks of Top 500 Internet Commerce Companies.
PISCATAWAY, N.J.--(BUSINESS WIRE)--Dec. 27, 2001--Third Millennium Telecommunications, Inc. (OTCBB:TMTM) ranked 336th of top internet marketing companies according to Interactive Week magazine.
The ranking systems rates companies on overall Internet based revenue. The top companies included IBM, Intel, UPS, Cisco, Dell and General Electric.
Third Millennium, a growing marketer of wireless products and services, began an aggressive e-commerce program earlier this year.
"We've dramatically improved order efficiency," stated Mike Galkin, President of Third Millennium. "We're able to credit score and approve orders in real time and ship most orders the same day". Galkin claims these efficiencies have allowed the company to increase order volume without increasing staff.
Third Millennium, founded in 1997, is a Master Agent for the sale of wireless telecommunications devices and services for MCI Worldcom, AT&T Wireless and Globalstar U.S.A. Over 250 Dealers and Affiliates market the Companies products and services.
CONTACT:
Third Millennium Telecommunications, Inc.
F/K/A ECOS Group, Inc.
Mike Galkin, 732/465-1500
Email: mike@tmt2000.com
KEYWORD: NEW JERSEY
Third Millennium Telecommunications, Inc. Revenues Up 90%
PISCATAWAY, N.J.--(BUSINESS WIRE)--Dec. 20, 2001--Third Millennium Telecommunications, Inc. (OTCBB:TMTM), reported third-quarter revenue ending September 30, 2001 of $3,119,102 compared with $1,641,972 in the same period last year, a 90 percent increase.
The Company, a leading marketer of wireless products and services, also reported turning a profit in the third-quarter with net income of $112,000 versus a net loss of -$17,681 for the same period last year.
"We are very impressed with our results," commented Mike Galkin, President of Third Millennium, "especially in light of recent economic conditions".
Mr. Galkin attributed the increase in revenues to a successful launching of the Company's e-commerce site this year and expects continued success. "Our Internet based operations demonstrate the scalability and profitability of our operations".
Third Millennium, founded in 1997, is a Master Agent for the sale of wireless telecommunications devices and services for MCI Worldcom, AT&T Wireless and Globalstar U.S.A. Its products and services are marketed by over 250 dealers and online Affiliates nationwide.
CONTACT:
Third Millennium Telecommunications, Inc., Piscataway
Mike Galkin, 732/465-1500
Mike@tmt2000.com
KEYWORD: NEW JERSEY
BW2053 DEC 20,2001
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Brand new stock:
Third Millennium Telecommunications, Inc. Goes Public through Share Exchange with ECOS Group, Inc.
PISCATAWAY, NJ--(BUSINESS WIRE)--October 2, 2001--Third Millennium Telecommunications, Inc., a New Jersey corporation (OTCBB:TMTM) announced today it has gone public through the closing of a Share Exchange Agreement entered into on June 14, 2001 with ECOS Group, Inc. a Florida corporation (formerly OTCBB: ECOS).
ECOS' name and stock symbol have been changed to Third Millennium Telecommunications, Inc. and TMTM respectively (also referred herein to as the "Company").
Mike Galkin and Robert Menaker have replaced ECOS's officers and board of directors that consisted of Wendell R. Anderson, Luis De La Cruz, Leon S. Eplan, Charles C. Evans, Timothy R. Gipe, Joseph F. Startari and Ana Caminas. Galkin will also serve as the Company's President and Chairman of the Board and Menaker will serve as Vice-President.
Also effective is the previously announced 1 for 20 reverse stock split on the Company's issued and outstanding Common Stock ("Reverse Split"). The number of authorized shares of the Company's Common Stock will remain at 75,000,000.
There are currently approximately 8,156,999 post-Reverse Split shares the of the Company's Common Stock issued and outstanding which include the issuance of 6,875,000 post-Reverse Split shares for the acquisition of 100% of the outstanding Third Millennium Common Stock. It further includes cancellation of 6,259,385 shares of common stock and the termination of 6,009,385 options to purchase shares of Common Stock held by EE&G Management, in exchange for transfer by the Company all of the outstanding shares of its wholly-owned subsidiary, EE&G, to certain members of EE&G Management.
The Share Exchange Agreement also provides for the issuance of 35,000,000 additional Common Stock shares to the pre-closing Third Millennium shareholders upon the achievement of certain financial thresholds.
Third Millennium, founded in 1997, is a Master Agent for the sale of wireless telecommunications devices and services for Worldcom (WCOM) Globalstar U.S.A.(GSTRF) and AT&T Wireless (AWE) in all markets where such devices and services are sold in the U.S.A. TMTM has become one of the largest Worldcom Wireless distributor's in the U.S.A., through its network of over 250 retailers and affiliates nationwide.
guarantee of future performance and involves risks and uncertainties that we cannot predict. We have based these forward-looking statements on assumptions about future events that may prove to be inaccurate. Accordingly, our actual results may differ materially. The Company does not assume any obligation to update any such forward-looking statements.
CONTACT:
Third Millennium Telecommunications, Inc., Piscataway
Robert Menaker, 732-465-1500
invest@tmt2000.com
KEYWORD: NEW JERSEY
BW0474 OCT 02,2001
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I've been a holder of ECOS for over a year and a half. I decided to hold the stock through the share exchange agreement with Third Millenium Telecom. Third Millenium looks like a very promising company on a very fast growth path. I think its prospects are great going forward and I predict that it won't be a penny stock for very long.
ECOS Group, Inc. Announces Share Exchange Agreement With Third Millennium Telecommunications, Inc.
MIAMI LAKES, Fla., June 22 /PRNewswire/ -- ECOS Group, Inc. (OTC Bulletin Board: ECOS) announced today that on June 14, 2001, the Company entered into a Share Exchange Agreement with Third Millennium Telecommunications, Inc., a New Jersey corporation ("TMTI"). TMTI, founded in 1997, is a Master Agent for the sale of wireless telecommunications devices and services for MCI Worldcom and Globalstar U.S.A. in all markets where such devices and services are sold in the U.S.A. TMTI has become the second largest MCI Worldcom wireless distributor in the U.S.A., through building a network of over 250 retailers nationwide.
The Share Exchange Agreement provides that the Company effect a 1-for-20 reverse stock split prior to Closing with respect to its issued and outstanding Common Stock ("Reverse Split"). The number of authorized shares of Common Stock will remain at 75,000,000 upon completion of the Reverse Split. The Agreement also provides that the Company acquire 100% of the outstanding TMTI Common Stock in exchange for the issuance and delivery by the Company of an aggregate of 6,875,000 shares of the Company's common stock (on a post-Reverse Split basis). The agreement also provides for the issuance of 35,000,000 additional shares of the common stock upon the achievement of certain financial thresholds by TMTI following the closing of the Share Exchange Agreement.
Simultaneously with the closing of the Share Exchange, the Company will transfer (i) all of the outstanding shares of its wholly owned subsidiary, EE&G, to certain members of EE&G Management and (ii) all of the Company's assets and liabilities to EE&G, in exchange for the cancellation of 6,259,385 shares of common stock and the termination of 6,009,385 options to purchase shares of Common Stock held by EE&G Management. At closing, ECOS will change its corporate name to reflect its new line of business.
The Share Exchange Agreement has been approved by the ECOS Board of Directors and the TMTI Board of Directors. ECOS is in the process of obtaining approval of a majority of its shareholders through written shareholder consent, and is confident of obtaining such approval. Consummation of the proposed transaction is subject to a number of factors, including but not limited to the filing by ECOS of an informational statement pursuant to Section 14(c) of the Securities Exchange Act, completion of due diligence activities by both companies, and a satisfactory third-party Fairness Opinion being obtained with respect to the proposed transaction.
Dr. Charles C. Evans, Chairman and CEO of ECOS, stated, "This is an excellent opportunity for ECOS to generate shareholder value through a move into a fast growing industry with a dynamic, rapidly growing company."
Mr. Michael Galkin, Chairman and CEO of TMTI, added, "As part of a public company, we believe we can utilize the currency of publicly traded stock to further leverage our substantial growth. We have grown revenues from $375,000 for the calendar year 1997 to over $7,000,000 in calendar year 2000, for a compounded annual growth rate nearly 166%."
Some information in this release is forward looking. We have based the forward-looking statements relating to our operations on our current expectations, estimates and projections about ECOS Group and the industry in general. We caution you that these statements are not guarantees of future performance and involve risks and uncertainties that we cannot predict. The risks and uncertainties that may effect the operations, performance, development and results of our business include those that were previously discussed in our prior filings with the Securities and Exchange Commission including the Company's Annual Report on Form 10-KSB. In addition, we have based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate. Accordingly, our actual outcomes and results may differ materially from what we have expressed or forecast in the forward-looking statements. The Company does not assume any obligation to update any such forward-looking statements.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X56124855
SOURCE ECOS Group, Inc.
CO: ECOS Group, Inc.; Third Millennium Telecommunications, Inc.
ST: Florida, New Jersey
IN: ENV TLS OTC
SU: TNM
06/22/2001 15:31 EDT http://www.prnewswire.com
CFI Mortgage, Inc. to Acquire Trandata, Inc. for Expansion Into the Global Intermodal Freight Market
Updated: Monday, May 7, 2001 10:53 AM ET Email this article to a friend!
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CLEARWATER, Fla.--(BUSINESS WIRE)--May 7, 2001--CFI Mortgage Inc. (OTCBB:CFIM) has executed a Letter of Intent to acquire 100% of the Class A common stock of Trandata, Inc., of Miami, FL, for an unspecified amount of cash and stock.
Trandata has spent the last 10 years in researching and developing total intermodal information technology solutions to serve the drayage, freight forwarding, customs brokering and bonded warehousing companies. Trandata's CEO and Founder, Kaz Chary, who holds a BS Degree in Management Information Systems from the University of Connecticut, has designed and developed his own EDI-based warehouse management system that downloads orders from host systems such as Home Shopping Network, Office Depot, Sony Universal (NYSE:SNE, news, msgs), and Disney Studios. Wireless automated projects included those for companies such as British Airways (NYSE:BAB, news, msgs) (baggage tracking and sorting system), Port of Miami-Dade County, Royal Caribbean (NYSE:RCL, news, msgs) and Target (NYSE:TGT, news, msgs). He also holds several certifications in software applications and operating systems
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Trandata Corporation is an Application Service Provider serving the intermodal industry and has immediate plans to expand from its base at the Port of Miami throughout southeastern United States covering key cities as Miami, Fort Lauderdale, Jacksonville, Charleston, Savannah and Atlanta. Clients include East Florida Hauling (the largest drayage company in south Florida), Roadrunner Trucking (second largest) and Amcar Freight Forwarding (NVOCC Bonded Warehousing and Freight Forwarding).
Intermodal information technologies can be defined as those technologies involved in acquiring, storing, processing, and distributing data and information by electronic means (including radio, television, telephone, and computers) between two or more different modes of transportation in such a way that all parts of the freight-transportation process are efficiently connected, seamless, coordinated, and continuous.
Trandata's mission is to revolutionize the intermodal industry by unveiling an XML-based, easy-to-understand EDI format via a methodical implementation of technology infrastructures serving all entities in the import/export market without visibly imposing the complexities of business transactions.
In March 2001 Trandata released DMS2000, an ASP-based Drayage Management System, available in English and Spanish platforms, its first of five web based software systems comprising the intermodal suite. Since the introduction, Trandata has amassed 30 users and has commitments to add 20 more by the end of May. For the first time in this industry, customers (customs brokers, freight forwarders, steamship lines, suppliers/distributors) can enter orders into the Internet replacing the traditional faxing, which is most often handwritten or generated off their legacy systems.
Steve Furniss, President and CEO of the Surfside Software Division stated that, "The synergy between Surfside and Trandata will yield rapid expansion. Our existing software products and our development team will blend cohesively with the Trandata group."
Stephen E. Williams, Chairman and CEO of CFI Mortgage, Inc stated that, "The combining of Surfside and Trandata allows us to become a much stronger competitor for the massive global market that is still virtually untouched as to our product applications. Revenues from Trandata's initial target market of the southeastern United States alone are expected to exceed $15 million. The South American market is the next step in our progressive attempt to globalize the market of this unique product."
CFI provides mortgage services through a large network of mortgage brokers and financial professionals. CFI's goal, through acquisition and internal growth, is to be a diversified leader creating custom software that provides technology-based business solutions for the national and international marketplace, as well as a leader in the mortgage industry. For more information on CFI please visit the Company web site at www.cfiinc.com or that of Responsive Research at www.responsiveresearch.com where you can subscribe, free of charge, to its mailing list for press releases, investor updates and market letters, which will keep you apprised of all late breaking CFI news.
This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
CONTACT: Responsive Research, Inc., Coconut Creek, Fla.
Investor Relations:
Richard C. Winkel, 954/977-8699
info@responsiveresearch.com
or
CFI Mortgage, Inc., Clearwater
Investor Relations:
Marlene Noren, 727/674-1010
mnoren@cfiinc.com
It looks like Nikko Securities has taken a 5% stake in CFIM.
http://10kwizard.ccbn.com/contents.asp?iacc=1451585&CN=&FC=000000&BL=&BK=FFFFFF&...
CFI Mortgage, Inc. Subsidiary, First United MortgageBanc, Inc., Announces Licensing in 33 States
CLEARWATER, Fla.--(BUSINESS WIRE)--May 2, 2001--CFI Mortgage, Inc. (OTCBB:CFIM) announced today that its subsidiary, First United MortgageBanc, Inc. (FUMB) is now licensed and cleared to do business in 33 states. FUMB recently received its licenses in California and Rhode Island bringing the total to nine new licenses received in 2001.
Robert Scarpetta, President and COO of FUMB said, "As we continue to expand our reach nationwide, the addition of California to our marketplace will significantly increase our potential loan volume. Our success in obtaining licenses in so many states attests to our stability and the experience of our mortgage staff."
"We recently announced the development of a Government Lending Department and it is imperative that we maximize the potential of that department. We are doing this by increasing our market area, our staff and our productivity time." said Stephen E. Williams, Chairman, President and CEO of CFI Mortgage, Inc., who added, "Our ability to capitalize on this period of declining interest rates will produce both top and bottom line growth."
CFI provides mortgage services through a large network of mortgage brokers and financial professionals. CFI's goal, through acquisition and internal growth, is to be a diversified leader creating custom software that provides technology-based business solutions for the national and international marketplace, as well as a leader in the mortgage industry. For more information on CFI, please visit the Company web site at www.cfiinc.com or that of Responsive Research at www.responsiveresearch.com, where you can subscribe, free of charge, to its mailing list for press releases, investor updates and market letters, which will keep you apprised of all late breaking CFI news.
This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
BW0026 MAY 02,2001
3:01 PACIFIC
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Arch,
I like CFIM A LOT right now. After a long slumber, they have just begun to roll out a lot of positive news in the past couple of weeks. The company has incredible upside potential and I don't think we're that far away from seeing a realization of that potential.
http://cfiinc.com/
http://surfside.com/
CFI Mortgage, Inc. Subsidiary, Surfside Software Systems, Inc., Has Received Its Largest Single User Contract in Excess Of $275,000
CLEARWATER, Fla.--(BUSINESS WIRE)--May 1, 2001--CFI Mortgage, Inc. (OTCBB:CFIM) announced today that its subsidiary, Surfside Software Systems, Inc., received a contract in excess of $275,000 from a northeastern transportation company that wishes to remain anonymous in order to benefit from this competitive edge. The installation will be done using the hardware capabilities of CES Wireless Communications of Winter Park, FL, a leader in mobile data communications for the concrete delivery industry.
Steven Furniss, Vice President of Software Development for CFI, stated: "In working with CES we have determined that our software, TranWare(TM), has a much greater market appeal than just the taxi and livery industries, for which it was developed. Surfside now intends to direct its sales efforts to all areas of the multi-billion dollar ground transportation industry."
The project installation is scheduled for five months and should be completed by October 1, 2001. "Once the initial system is installed, the same client is looking to expand our service to other areas," said Jim Furniss, Co-Founder and Vice President of Surfside. "The acceptance of our TranWare(TM) software in the marketplace indicates that we should be receiving additional contracts in the future and we have only just begun to show the type of products Surfside has the ability to produce," he added.
"We are very pleased that Surfside is starting to roll out its software products and its acceptance is proven by the number of contracts that are now being received," said Stephen E. Williams, Chairman, President and CEO of CFI Mortgage, Inc., who added, "Expanding our sales and marketing into other areas of transportation will prove the true value of our custom software products and should drive additional profits to the bottom line."
CFI provides mortgage services through a large network of mortgage brokers and financial professionals. CFI's goal, through acquisition and internal growth, is to be a diversified leader creating custom software that provides technology-based business solutions for the national and international marketplace, as well as a leader in the mortgage industry. For more information on CFI please visit the Company web site at www.cfiinc.com or that of Responsive Research at www.responsiveresearch.com where you can subscribe, free of charge, to its mailing list for press releases, investor updates and market letters, which will keep you apprised of all late breaking CFI news.
This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
CONTACT:
Responsive Research, Inc., Coconut Creek, Fla.
Richard C. Winkel, 954/977-8699
info@responsiveresearch.com
or
CFI Mortgage, Inc., Clearwater
Marlene Noren, 727/674-1010
mnoren@cfiinc.com
KEYWORD: FLORIDA
Kama,
Great trading to end the week heading into the Easter weekend. I'm definitely looking forward to the coming week with the possible filing of the 10k. Also in case you didn't get a chance to check out the WSJ article on Investors Hub, thought I'd share it with the board:
http://public.wsj.com/sn/y/SB987167206854287277.html
Matt,
I just want to congratulate you on the recent article in the WSJ and wish you the best of luck with this message board site. When I started the ECOS board on IH, and you responded, I had no idea it was the same Matt that I used to communicate with on SI. I learned it was you after reading the WSJ article. As I said in a recent post on our old SYCD RB board(another sorry penny stock that turned out to be), I think of you as someone who has always been very honest, mature and a person of integrity despite your age. These are qualities that I have found lacking in the penny stock world unfortunately. I want to wish you the best of luck in setting up a new message board site that reflects these qualities (as challenging as that will inevitably be I'm sure). The best of luck to you and Bob and I hope you guys can actually make some $$ as well in this endeavor.
LorenS
Call-Solutions Inc. Enters Into a Letter of Intent to Acquire Sharpe Communications Ltd.
ATLANTA--(BUSINESS WIRE)--Feb. 8, 2001--Call-Solutions Inc. (OTCBB:CSOL) is pleased to announce that it has entered into a letter of intent to acquire Sharpe Communications Ltd., a Jamaican based company whose current business activities are outbound teleservices.
Sharpe, a private company, reported gross earnings of $3.8 million for the eight-month period ending December 2000.
Sharpe Communications call center business is located in Montego Bay, Jamaica, and maintains 250 seats, with the capacity to perform both inbound and outbound teleservice work.
"Moving forward with the acquisition of Sharpe represents the successful achievement of a critical milestone for Call-Solutions, Inc. The Company is on target with respect to implementing its core business strategy and is positioned to become a leader in providing a transaction base to enable commerce from all media," said Peter Van Brunt, CEO of Call Solutions Inc.
The company's call center will be equipped with the latest technology, creating multimedia contact centers to facilitate computer telephony integration enabling all Internet, cable, wireless and telephony commerce. The call centers will serve as a transaction base, enabling businesses to satisfy customer service requirements in a manner that is conducive to specific business needs.
Call-Solutions' mission is to open call centers throughout the world in locations that encourage development and expansion of labor-intensive business operations. The company's goal is to be the first choice of corporate business customers who wish to outsource their teleservice needs. Upon completion of the acquisition, the company will have a superior ability to enable commerce.
To learn more about Call-Solutions Inc., or to be placed on the CSOL shareholder information e-mail list, please contact Paula Kane with Integrity Capital at 757/588-0715 or via e-mail: paula@integritycapital.net. You may also visit www.integritycapital.net or www.call-solutions.com more information.
Safe Harbor statements under the private Securities Litigation Reform Act of 1995; The Statements in this release regarding the Company's products, services and markets are forward-looking statements that involve risks and uncertainty, including, but not limited to, products and services, demand and development, technological advances, impact of competitive products and pricing, growth in targeted markets, ability to integrate and leverage acquisitions, and other information detailed from time to time in the Company's Securities and Exchange Commission Filings.
CONTACT:
Integrity Capital
Paula Kane, 757/588-0715
KEYWORD: GEORGIA INTERNATIONAL LATIN AMERICA
At Arch's invitation I'll give you my two picks, CFIM and ECOS.
CFIM (CFI Mortgage) is a company that has restructured out of bankrupsy in the last year and a half into an exciting two-prong business. On the one hand they have their traditional morgage business in which they have grown revenues above a million dollars and produced profits in the past quarter. They brought in Gary Fioretti from PMC mortgage. PMC Mortgage was doing over $150 million per year in subprime loans and I wouldn't be at all surprised if he produced similar results for CFIM.
Even more exciting is their software business. CFIM bought Surfside Software in early 2,000. Surfside is developing wireless products for limo and taxi businesses around the country. The software is a comprehensive system, that uses GPS satelite data to track the locations of the taxi/limo, etc. in addition to a multitude of other features that can bring these businesses into the 21st century. Surfside's products were mentioned on a Discovery Channel show on taxis about two months ago. In December, CFI also bought the rights to black car technology. Black car is also a cutting edge wireless program that may be able to meet the complicated transportation needs of corporate fleets and limousine services in New York and other big cities.
CFIM has approximately 21 million shares outstanding with 16 million in the float. The CEO, Steven Williams, has a successful track record managing other businesses and the future is extremely bright.
ECOS (ECOS Group) is a holding company whose only holding at this time is Evans Environmental. Evans Environmental has been doing environmental cleanup and contracting for many years. The company has recently branched out into electrical and construction work. On 1/24 they signed a contract worth close to a million with a fortune 500 company. ECOS has been profitable for about six quarters in a row. They have over $5 million in revenues per year. And I believe that the most recent contract is a sign of rapid growth in their construction business. ECOS has also hinted that they are seeking merger/acquisition opportunities. ECOS has approxmately 31 million shares outstanding with around 16 million in the float.
Matt and Arch,
Nice to join you folks over here on Investorshub. It's a lot more quiet over here but a lot more refreshing at the same time. It's like taking a little vacation from that zoo over on Raging Bull. I hope this board develops into a classy exchange with quality folks sharing quality info and thoughts. I'm so sick of the bashers and folks with hidden agendas over on RB. By the way I am extremely positive on this stock and company. I think ECOS has an extremely bright future and that PR the other day was only the beginning.
LorenS
ECOS Group Signs Major Contract
MIAMI LAKES, Fla., Jan. 26 /PRNewswire/ -- ECOS Group, Inc. (OTC Bulletin Board: ECOS) announced today that its wholly owned subsidiary, Construction & Electrical Specialists (CES), has executed a lump sum contract for $967,691 with an undisclosed Fortune 500 transportation company. The contract includes the renovation of a 70,000 square foot industrial facility located in Tampa, Florida. Work will include design, permitting, selective demolition, asbestos abatement, and erection of pre-engineered metal roof, wall, and ceiling systems. Additionally, new electrical upgrades will include a lighting system that provides 50-foot candles of light and a ventilation system that provides 270,000 cubic feet of air per minute. The work will begin in February 2001 and should be completed within 5 months. Management believes this contract should have a positive impact on the revenues and profitability of the company's Construction, Electrical, and Demolition services business sector.
ECOS Group, Inc. is a publicly traded holding company, trading on the OTCBB under the ticker name "ECOS." Its subsidiaries are engaged in environmental consulting/engineering, petroleum and hazardous waste assessment and remediation, real estate transaction environmental assessments, asbestos management, indoor air quality, mold and mildew assessment and remediation, construction management, design/build, demolition, construction, and electrical contracting. It has recently expanded its construction practice to include the design/build of metal building structures of all sizes. The above announcement is the company's first contract in this new construction business sector.
Some information in this release is forward looking. ECOS Group has based the forward-looking statements relating to the company's operations on its current expectations, estimates and projections about the company and the industry in general. The company cautions that these statements are not guarantees of future performance and involve risks and uncertainties that it cannot predict. The risks and uncertainties that may effect the operations, performance, development and results of the company's business include those that were previously discussed in its prior filings with the Securities and Exchange Commission including the company's Annual Report on Form 10-KSB. In addition, the company has based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate. Accordingly, the company's actual outcomes and results may differ materially from what it has expressed or forecast in the forward-looking statements.
SOURCE ECOS Group, Inc.
CO: ECOS Group, Inc.; Construction & Electrical Specialists
ST: Florida
IN: ENV CST
SU: CON
01/26/2001 13:01 EST http://www.prnewswire.com