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Lots of volume here lately, something coming down soon maybe?
imo
Hey mint, welcome to ihub! I hope you don't mind that I signed elected you to the BOD here, so if you or CHEF ever want to use the "Chairmail" feature to send out email updates to TGHI subscribers (we have 6 presently), feel free to do so.
imo
Looks like our MM has resubmitted on the 5th of this month, maybe we will make it through the window of opportunity this time and start the new year back on the OTCBB.
Bid/Ask
.02/.05
imo
rofl, we are both in the CMIX boot, up to our boots in drying cement.
imo
Also, is it too early to nominate the winners & losers for the year 2000?
I got one for ya, a hellava wild ride for a NASDAQ stock.
SCII, started '99 at like $1 or something, and by the end of the year was up to around $70, and was the biggest gainer on the NASDAQ for last year. Started '00 at like $70, and is now just above $1.
Imagine riding that one round trip.
If you'd been really long, you'd have been with it at $70 in '97 before it dived to $1 over the next 2 years.
up, down, up down, and around around we go... don't jump off and you don't make squat.
imo
Well, the much touted Bush bounce turned into a bonker, and microsoft just burped, but the telecoms tech sector seems poised to breakout, probably all a wash still.
imo
SYMY, thanks for the info, bought some more here today, and will continue buying here. I like the stock, and think it's going to make a 200-300% move within a month. SHPS too, am buying more of it, as they are due for an uptrend, and news to come out.
imo
SHPS is going to do just fine, buy on the dips, and keep building your core holdings here, eventually this will just keep uptrending very nicely adding value, or is going to pop in a big way. We are going to make a lot of money either way, I do know that for sure.
imo
These new CHWT directors look like they bring a lot of money on board.
China World Trade Corporation Appoints Two Independent Directors
LOS ANGELES, Dec 13, 2000 (BUSINESS WIRE) -- China World Trade Corporation
("CHWT")(OTCBB:CHWT) is proud to announce that it has appointed two independent
directors, Peter Hurst and Wai Tung Cheung, to join the company's audit
committee.
Peter Hurst has vast and extensive working experience in the banking industry.
He was the Director of Corporate Banking for National Westminster Bank PLC,
overseeing offshore units in Asia Pacific and the Middle East. For the past
decade, Mr. Hurst acted as both a consultant and a member of the European
Advisory Committee for Mitsubishi Electric Co., advising on organizational
structure, localization and cultural interchange.
Wai Tung Cheung is the Chairman of Culturecom Ltd., which is listed on the Hong
Kong Stock Exchange. Mr. Cheung is responsible for corporate strategic planning
and business development for Culturecom Ltd. Mr. Cheung is also the Chairman of
ViaGOLD Capital Ltd., which is listed on the stock exchange of Australia. He was
also the Chief Executive Officer of COSCO Group in Hong Kong and Singapore.
These appointments, together with a third soon-to-be-appointed independent
director, is considered to be the preparatory step for the company to attain a
full listing on one of the well-established national exchanges.
John H.W. Hui, Chairman and Chief Executive Officer of China World Trade
Corporation, stated, "As is evident from the additions of Mr. Hurst and Mr.
Cheung, the company is clearly focused on building a solid and successful
management team, which will enable us to further widen our pipeline into the
massive opportunities abundant in the ever-growing 'China Marketplace.'"
China World Trade Corporation is structured to be a dominant player in the trade
agency business linking companies in China with the rest of the world.
Statements made in this news release concerning predictions of performance and
the company's plans and objectives are not historic facts and constitute
forward-looking statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such statements involve
important risks and uncertainties that may cause results to differ materially
from those set forth in this news release. All forward-looking statements are
subject to the successful completion of actions described in the news release.
Readers should carefully review the company and publicly available filings
thoroughly with their registered investment advisor or registered broker.
CONTACT: Pace Communications Network
Sy Mitzner, 800/719-5777
www.chinawtc.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2000 Business Wire. All rights reserved.
-0-
KEYWORD: AUSTRALIA HONG KONG SINGAPORE
INDUSTRY KEYWORD: BANKING
MANAGEMENT
CHANGES
*** end of story ***
imo
Good news from China World Trade, looks like money coming on board. Also news out on SYMY, they got rid of GEEK, who was short cause they had shares coming, looks up from here pretty quick. SHPS has got to get some news out, but holding steady, needs some wind it its' sails. TGHI still waiting for NASD pproval, bit aof a legal jam, CMIX had someone selling for tax loss, now they are buying it back, maybe about a month to go still, TTXI I heard was working on a related industry deal, but has a ways to go, CHOD year-end earnings expected out by the end of the week, BMKS, I bought some, seems realy undervalued, but so are a lot of things, WCOM and GX two naz bottom plays now creeping up, good places for safe money on next dip, I realy like PCNTF and think at $3 it's a big winner down the line, SCRO, if you can get it in the .80's, what a deal, have flipped it from there on numerous occasions, holding a core, AUTO is a pos, epawn material, IMEC is still a sleeper, but they will make a splash I think at some point with their RM... yada yada have a good x-mas and new year, welcome to the junta of the US.
China World Trade Corporation Appoints Two Independent Directors
LOS ANGELES, Dec 13, 2000 (BUSINESS WIRE) -- China World Trade Corporation
("CHWT")(OTCBB:CHWT) is proud to announce that it has appointed two independent
directors, Peter Hurst and Wai Tung Cheung, to join the company's audit
committee.
Peter Hurst has vast and extensive working experience in the banking industry.
He was the Director of Corporate Banking for National Westminster Bank PLC,
overseeing offshore units in Asia Pacific and the Middle East. For the past
decade, Mr. Hurst acted as both a consultant and a member of the European
Advisory Committee for Mitsubishi Electric Co., advising on organizational
structure, localization and cultural interchange.
Wai Tung Cheung is the Chairman of Culturecom Ltd., which is listed on the Hong
Kong Stock Exchange. Mr. Cheung is responsible for corporate strategic planning
and business development for Culturecom Ltd. Mr. Cheung is also the Chairman of
ViaGOLD Capital Ltd., which is listed on the stock exchange of Australia. He was
also the Chief Executive Officer of COSCO Group in Hong Kong and Singapore.
These appointments, together with a third soon-to-be-appointed independent
director, is considered to be the preparatory step for the company to attain a
full listing on one of the well-established national exchanges.
John H.W. Hui, Chairman and Chief Executive Officer of China World Trade
Corporation, stated, "As is evident from the additions of Mr. Hurst and Mr.
Cheung, the company is clearly focused on building a solid and successful
management team, which will enable us to further widen our pipeline into the
massive opportunities abundant in the ever-growing 'China Marketplace.'"
China World Trade Corporation is structured to be a dominant player in the trade
agency business linking companies in China with the rest of the world.
Statements made in this news release concerning predictions of performance and
the company's plans and objectives are not historic facts and constitute
forward-looking statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such statements involve
important risks and uncertainties that may cause results to differ materially
from those set forth in this news release. All forward-looking statements are
subject to the successful completion of actions described in the news release.
Readers should carefully review the company and publicly available filings
thoroughly with their registered investment advisor or registered broker.
CONTACT: Pace Communications Network
Sy Mitzner, 800/719-5777
www.chinawtc.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2000 Business Wire. All rights reserved.
-0-
KEYWORD: AUSTRALIA HONG KONG SINGAPORE
INDUSTRY KEYWORD: BANKING
MANAGEMENT
CHANGES
*** end of story ***
imo
China World Trade Corporation Appoints Two Independent Directors
LOS ANGELES, Dec 13, 2000 (BUSINESS WIRE) -- China World Trade Corporation
("CHWT")(OTCBB:CHWT) is proud to announce that it has appointed two independent
directors, Peter Hurst and Wai Tung Cheung, to join the company's audit
committee.
Peter Hurst has vast and extensive working experience in the banking industry.
He was the Director of Corporate Banking for National Westminster Bank PLC,
overseeing offshore units in Asia Pacific and the Middle East. For the past
decade, Mr. Hurst acted as both a consultant and a member of the European
Advisory Committee for Mitsubishi Electric Co., advising on organizational
structure, localization and cultural interchange.
Wai Tung Cheung is the Chairman of Culturecom Ltd., which is listed on the Hong
Kong Stock Exchange. Mr. Cheung is responsible for corporate strategic planning
and business development for Culturecom Ltd. Mr. Cheung is also the Chairman of
ViaGOLD Capital Ltd., which is listed on the stock exchange of Australia. He was
also the Chief Executive Officer of COSCO Group in Hong Kong and Singapore.
These appointments, together with a third soon-to-be-appointed independent
director, is considered to be the preparatory step for the company to attain a
full listing on one of the well-established national exchanges.
John H.W. Hui, Chairman and Chief Executive Officer of China World Trade
Corporation, stated, "As is evident from the additions of Mr. Hurst and Mr.
Cheung, the company is clearly focused on building a solid and successful
management team, which will enable us to further widen our pipeline into the
massive opportunities abundant in the ever-growing 'China Marketplace.'"
China World Trade Corporation is structured to be a dominant player in the trade
agency business linking companies in China with the rest of the world.
Statements made in this news release concerning predictions of performance and
the company's plans and objectives are not historic facts and constitute
forward-looking statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such statements involve
important risks and uncertainties that may cause results to differ materially
from those set forth in this news release. All forward-looking statements are
subject to the successful completion of actions described in the news release.
Readers should carefully review the company and publicly available filings
thoroughly with their registered investment advisor or registered broker.
CONTACT: Pace Communications Network
Sy Mitzner, 800/719-5777
www.chinawtc.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2000 Business Wire. All rights reserved.
-0-
KEYWORD: AUSTRALIA HONG KONG SINGAPORE
INDUSTRY KEYWORD: BANKING
MANAGEMENT
CHANGES
*** end of story ***
imo
It doesn't seem to me like it gets that low, whenever it gets into the 1.30's range, it's just one or two MM's there, and a good time to nab shares, but it doesn't hurt to have a wall there if they ever try and lower it to that level.
imo
It's for real, I wouldn't still be here if it were otherwise, would have dumped and run after having survived SHPS shopps.com. The mkt sucks now, and will soon get better, SHPS will not go under 1.25, just live with it at this level for a little while longer and know that you'll get your info in time.
imo
I think we'll all find it worth our effort in owning this stock patiently over time. Our problem right now is that our circle of recognition is small, even though it does have strong support. When word gets out, and all the details have been displayed, SHPS will be flying.
See QCOM move today? That will have a trickle down effect on the whole wireless sector involved with CDMA and China, right smack in the middle is AccessTel.
imo
Even though TGHI settled with the SEC thru the courts and the courts saying the SEC has nothing no fine is needed. The SEC filed a motion to have that withdrawn.
Seems to me the same, but there is some mentioning there of Jacques too, and I remember from the first PR about Globus from the SEC, that it mentioned Jacques. I'll have to look into it more, obviously the SEC thinks they see something, but if the courts don't, why do they get the trump!
imo
Wasn't reading about the agreement between Axcesstel and Qualcomm kinda spooky?
http://www.qualcomm.com/cda/pr/view/0,1565,440,00.html
When I first read the PR at RB, I thought it was a spoof played on AccessTel--- names mentioned in the PR: Marvin Blecker, Benjamin Lee... seemed to alter me a bit, and just kind of moved on pass noticing this:
Headquartered in San Diego, Calif., Axesstel is a leading global developer of wireless local loop handsets and modem card products for the global communications market. The Company's groundbreaking products offer wireless users in a fixed environment, the ability to access next- generation high-speed data and information services. Axesstel is a privately held Company with operations in Seoul, Korea. For more information on the company and its products, please contact Benjamin Lee, director of corporate communications for Axesstel by phone at 1-858-625-2100, via email at blee@axesstel.com or visit the company's Web site at www.axesstel.com.
Now, our Dr. Lee was very instrumental in bringing CDMA into South Korea, and has been there many times throughout the '90's.
Am gonna have to look into this further, as their is not data on their website, just contact info:
Contact Info
Benjamin Lee
Director of Operations
(p) 858-625-2100
(f) 858-625-2110
blee@axesstel.com
Here is the domain registry information, just 5 months old:
http://www.register.com/whois-results.cgi?1/2184073963/CO1&domain=c72d979d0929f999fff3efaa38f14b1f96cadd51a95b0b97
AXTL, just coincidence?
imo
I'd suggest you glean from the CC from what Boeckler said, a couple things I seem to remember: That HDR is one of their solutions in China, but they are working on multiple parallel paths of their business plan, remember what he said about the timing of 3G products, and their plans for manufacturing in China.
We're gonna have to wait and see how Qualcommtel fits into the picture here. I just posted that perhaps LinkAir's prototype might be the WLL that AccessTel deploys in the Shanghai Bushiness park, but maybe that development is a JV with Q, or someone else. Seems tough to speculate very much right now. Here are some sections from the links that I thought relevant:
---------------------------------------------------------------
The iMSM5500 chipset and system software will provide up to twice the overall capacity of voice users over IS-95A and IS-95B, plus the 2.4 Mbps speed of HDR, fully realizing the convergence of the Internet and wireless technologies and services.
Also part of QCT's end-to-end HDR solution is the CSM5500™ Cell Site Modem (CSM™) chipset. The CSM5500 solution, the industry's first HDR CSM standards-based chipset that supports 2.4 Mbps peak rate, represents an economical, power-efficient and highly compatible upgrade from existing Field-Programmable Gate Array (FPGA)-based HDR infrastructure solutions.
Samples of both the iMSM5500 and CSM5500 chipsets and system software are scheduled for mid-2001 with production quantities scheduled for the second half of 2001.
---------------------------------------------------------------
Leading Vendors Voice Support "As the embedded processor of choice for digital wireless applications, the ARM(r) architecture is supported by a wide range of industry-accepted consumer electronics operating systems, making it the ideal solution for QUALCOMM's new portable Internet access devices," said Reynette Au, vice president of worldwide marketing for ARM. "The new iMSM products, which are based on a low-power, high-performance ARM processor, will facilitate the rapid, efficient evolution of smart platforms demonstrating once again why QUALCOMM is an industry leader in wireless communications.
---------------------------------------------------------------
imo
6.4 CDMA DEVELOPMENT (abbreviated from Lee's new book)
Quallcomm was a 200-employee company located in SD, CA. that was formed in 1985. Their main business at the beginning was Omnitrak, a system that tracked trucks. In Feb of '89, Q's 10 key people, led by Jacobs and Viterbi, visited Pactel (now Airtouch, now Vodaphone, now Verizon, lol). Gilhousen introduced the CDMA system for cellular use to them. they were talking about applying CDMA on the satellite communication to cellular. W. Lee from Pactel mentioned that the unique phenomenon to be considered in cellular was the near-mobile to far-mobile interference, or simply near-far interference. To apply CDMA, the cellular near-far interference problem should be resolved by using the power control scheme in CDMA. The power control schemes for FDMA or TDMA were much easier, and for CDMA it wasn't an easy or obvious task in 1989. CDMA had to control the power of each code sequence within a radio channel. Lee had studied the spread-spectrum system and was granted two patents in spread-specturum communications before 1985. He realized the difficulty of finding a power control scheme for cellular CDMA.
In April of '89, Q personnel visited Pactel again. They found a solution to power control in CDMA coded channels. After its successful power control presentation, Q asked for a $200k study contract from Pactel. At that time at Pactel, Lee, a corporate tech VP, suggested to Hultman, a cellular CEO, and Farrell, a network VP, that Q's paper study would be useless to Pactel. Pactel said it might support Qualcomm by giving it $1M if Q was willing to deliver a demonstration of CDMA in 6 months. Q accepted. The reason for finishing a CDMA demo in 6 months was that the American digital system (TDMA) was already voted as the digital system standard and in the stageof writing its specification. A symposium on digital standards was held and the next generation cellular technologies section was chaired by W. Lee. getting CDMA out to the public in a timely manner was very important. theoretically, CDMA proved that its capacity was at least 10 times that of AMPS. Such a system was what the ARTS of CTIA was looking for.
Hultman asked Lee to technically assist Q's demonstration and to be at Q at least once a week. Hultman and Farrill were handling other demonstration issues, ssuch as clearing Pactel's frequencies in the Pactel's SD mkt for a CDMA demonstration. Two Pactel cell sites plus Q's headquarter site were used for the demonstration.
the CDMA demonstration was a miracle.... (goes into a tech description) Q's engineers worked day and night. It was nto surprising to call Q's lab at midnight and find Whitley, Weaver, and Padovani and their people still there....
In Sept. '89, Q asked for another million to get the demonstration finished in Nov of '89. Hultman was a little concerned and asked Lee for his opinion during the joint meeting with Q. Lee answered Hultman's question with a Yes. Q was very happy, not only for the $1m, but also the strong support from a large operator which could be worth more.
On Nov 3 '89, the demonstration took place at Q headquarters in Serrendo valley. About 60 attendees camee, including domestic European, Korean, and Japanese companies. The demo was successfully completed. Lee's views of CDMA were printed on the first page of a flier (distributed during the demo) and a video tape as made during the demonstration. It was a shock to the cellular industry, but Q's demonstration gave the US cellular industry confidence and ensured that US companies had a strong capibility to push for technological excellency.
Q was not a cellular vendor company in '89, but Lee was known in the cellular industry, and he fully understood that CDMA had a greater capacity than TDMA. In Jan. '90, Lee took the initiative and gave a 1-day cellular CDMA seminar sponsered by the IEEE West Coast section... In March '90 Lee went to the East Coast to present the same seminar, sponsered by the IEEE NJ section and goodman's WIN Lab at Rutgers U. In May '90, Lee also talked about cellular CDMA at IEEE VTC'90 in NJ. On Dec. '90 Lee delivered a paper and participated in a workshop on CDMA at the IEEE GlobeCom Conference, SD, CA.
Lee's four presentations about the cellular CDMA system made a strong wave in the digital cellular community in early 1990. then, a special issue of IEEE, edited by Lee, was published in '91. There were three CDMA papers, Lee's overview of CDMA, Gelhousen's On the Capacity of a Cellular CDMA, and Pickholtz's Spread Spectrum for Mobile Communication.
In the past, each new system required at least 10 years of developmenmt before it was commercially viable...AMPS too nearly 20 years, GSM 10 years, TDMA 7 years, CMDA, however, took only 5 years, making its development the fastest in history.
-----------------------------------------------------------------
There is much more on Lee and Qualcomm's CDMA, especially Korea's development is interesting, it's all in the book, what's most obvious is that Q is much indebted to Lee:
http://www.investorshub.com/beta/read_msg.asp?message_id=22878
What's new is that Lee is moving into a new direction with China and AccessTel and LinkAir. You know, on a side point, it's kind of interesting thinking of these two in the relationship of PacTel and Qualcomm. Alot has been written about AccessTel, their recent CC transcript for reference:
http://www.investorshub.com/beta/read_msg.asp?message_id=24186
If you want to go into the realm of LinkAir and Lee's work with 3G wireless, this is some more of Lee's work, following a recent AccessTel info:
-----------------------------------------------------------------
In addition, AccessTel Inc.( recently RM'ed into OTCBB: SHPS) has completed the filing and registration with the appropriate authorities in China of their 100% owned subsidiary, AccessTel (China) INC. and has been approved by the Chinese Authorities for a term of operations of 20 years. AccessTel (China) INC. offices will be located in the CAOHEJING New Technology Development Zone, Shanghai.
-----------------------------------------------------------------
So their Chinese offices are going to be located in the premise of one of their first WLL contracts.
The big deal though is to move into what Lee calls a "Wireless Information Superhighway." To do this is going to take a "breakthrough technology." Here's is some of what I compiled about this technology before, roughly:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=SHPS&read=10447
From reading Lee, it becomes clearer that this is his aim, he's big on coding still, and thinks that "TDD is one of three 3G modes. In 4G, TDD will be the only mode. this is because TDD is a high-spectrum effiecient system."
"In wireless communications, the poor limitied bandwidth comes from the limitation of Mother Nature. Also, mobility causes another difficulty in persuing this high-speed data transmission requirement. To obtain a large bandwidth, the carrier frequencies must be up to millimeter wave links, we can apply the diversity scheme to increase the signal strength. Over the infrared links we can use diffuse transmissions to create multipaths and operate under out-of-sight conditions. Also, because the infrared can penetrate rainfall, but not fog, and the millimeter wave can penetrate fog, but not rainfall, we can create a dual-medium diversity reciever that uses both infrared and millimeter waves for the last 100-m wireless high-speed data link."
TDD and WLL work together nicely, as any international standard. Whatever system wins out, it'll have to be compatible with the different services (PCS, Cellular, WLL...) already out there. "The undesirable situation is numerous systems servicing the same service (CDMA, TDMA...)."
-----------------------------------------------------------------
In light of what Lee is saying and you look at what LinkAir is saying they have, and what AccessTel says they are doing with their WLL contract in Shanghai, things start to click:
http://www.investorshub.com/beta/read_msg.asp?message_id=25511
imo
Look what is in bold:
The LAS-CDMA challenge
However, another Chinese CDMA technology threatens to supersede TD-SCDMA and the Western platforms. Large Area Synchronous Code Division Multiple Access (LAS-CDMA) has been developed by LinkAir, a Chinese-American company which has venture capital funding from a number of major sources including Intel and IDG, best known in the US as a magazine publisher, but a big venture capital investor in China.
LinkAir makes some big claims for LAS-CDMA. It promises a throughput of 5.53 Mbps at the cell, well over twice the 2.4 Mbps throughput specified in the W-CDMA and CDMA2000 standards. It is also designed to work on the same economical 1.25MHz carrier specified for CDMA2000, with the exception that it claims to be able to carry three times as many voice calls. What’s more, its platform can be overlaid on both W-CDMA and CDMA2000 networks, as well as TD-SCDMA and the European 3G TDMA-based UTRA standard.
According to vice president, standard and business development Frederic Leroudier, LAS-CDMA differs from other 3G CDMA proposals through the use of patented coding which reduces interference between cells and capacity loss caused by multipath interference. He says the techniques are patented and, significantly, claims that no royalties are owed to Qualcomm.
Leroudier is critical of the claims made for CDMA2000 and W-CDMA. He says their relatively limited spectral efficiency caps voice capacity on their networks, even though this will be as much of an issue for operators as data speeds. He adds that W-CDMA suffers additional limitations from its use of a 5 MHz carrier, which further reduces efficient use of spectrum.
Leroudier also claims that CDMA2000 and W-CDMA will not achieve the theroetical data rates set in their specifications. "The average throughput of a CDMA2000 network is 600 kbps. Ours will be much higher."
For him, TD-SCDMA is little better, which he says suffers a "mobility problem."
"They are only marginally better than 2G," he asserts.
Quick progress
It’s still early days for LinkAir. It only announced its technology last March and has just completed its second-round of financing. Interestingly, it operates twin headquarters in Beijing and San Jose, Calif. and has 130 employees in total. Marketing director Jerri Barrett says the company could be best described as in "pre-IPO stage."
But the company’s progress to date has been impressive. It has attracted one of the world’s pre-eminent wireless technologists, Dr. William Lee, as its chairman. Lee was previously the chief scientist of Vodafone-Airtouch. Its founding CEO, Ting Zheng, was previously with Sprint PCS.
The company has gained noteworthy endorsements from China’s two cellular operators, China Mobile and China Unicom, as well as China’s Ministry of Information Industry. A media report that Sprint PCS was trialing the technology is dismissed as incorrect by Barrett but she does confirm that the company is actively talking with a number of leading global operators.
The company’s business plan calls for it to emulate Qualcomm’s successful model. "We do not intend to manufacture, but instead intend to license our technology and manufacture chip sets," says Leroudier.
One immediate goal for the company is to seek International Telecommunication Union recognition of its technology as an official "IMT-2000" 3G platform — a distinction currently bestowed on TD-SCDMA, W-CDMA, CDMA2000 and EDGE, the upgrade path for TDMA networks. With the first LAS-CDMA call demonstrated just last August, Leroudier forecasts that the company will have an operational prototype network in 2001 and a commercial product release, initially in China, by the end of 2002.
---------------------------------------------------------------
hhhhmmmmmm
imo
LOL, wish after many phone calls TGHI magically reappeared on the OTCBB! What do you make of the legal issue?
imo
So would you call this a shell then?
...one solid reason why another company would be looking to acquire it.
imo
Is this stock going to be delisted to the OTCBB? Timeframe?
imo
I need to update the DD post, will do so over the weekend.
imo
Been passed the duties, no big bucks:( I didn't get to watch late yesterday. Under the overall mkt circumstances SHPS is very strong.
imo
Just an E for a day, they already got their filing in, should be gone tomorrow. Looking for 8-K by the end of next week at the latest, PR's leading up to the filing.
imo
The way the MM's are right now, stacked at the bid 1.375, and then one at 1.43, one at 1.5 and then up to 1.625, just did it, added.
imo
FG, was trying to get a hold of the O/S of SHPS. Seems quite confusing.
-----------------------------------------------------------------
On November 21, 2000, a definitive agreement was entered into between the Company and AccessTel, Inc. (subject to the execution by the shareholders Of AccessTel, Inc.) pursuant to which the Company expects to issue or reserve For issuance 36,100,540 shares of its common stock to the shareholders of
Accesstel, Inc. at closing in exchange for all of the outstanding common stock of AccessTel, Inc.
-----------------------------------------------------------------
NEW YORK--(BUSINESS WIRE)--Aug. 4, 2000--Shopss.com Inc. (OTC BB:SHPS) today announced that its board of directors approved the acquisition of AccessTel in a shares exchange agreement calling for Shopps.com to issue 15,591,480 shares of common stock in exchange for all the issued and outstanding shares of AccessTel providing for a post acquisition market capitalization of 20,788,640 shares of common stock.
-----------------------------------------------------------------
There were 19,200,000 shares outstanding of registrant's common stock as of May 11, 2000.
-----------------------------------------------------------------
OSCR cancels 11M, leaving 9M, approx, of which ~4M is in the float.... leaving 5M...
-----------------------------------------------------------------
As of October 31, 2000, the Company had 8,997,160 shares of common stock issued and outstanding.
-----------------------------------------------------------------
... wait for the 8K before forming an opinion.... Also, what is IMPORTANT is the actual FLOAT: ± 4.3 Million shares....
-----------------------------------------------------------------
What would you guess the 8-k says? Interesting that the ~4M float is 20% of ~21M, but I don't really know, am guessing.
imo
Well, we'll just have to wait for enough of the facts to come out that place the company in light of what all it has going. I have no doubt that when that occurs, the volume will materialize.
I also doubt there will be any more selling than buying if they get an E. I could be wrong about this, but even if there is, I'll just leverage out on the dips, knowing it will rebound. I didn't mind buying 4k today at 1.56, and could do so for more if it gets lower.
imo
OK, good, I'll let you know when I send out another e-mail to see if you get it, last one was just about the filings stuff. I did get another 20k at .05, just figured it is the bottom, so why not. spread is now .035/.07
imo
Man the MM's are treating SHPS wrong!!! the log today is unbelievable. Dropping .21 on 8900 shares, but that is just because of the double prints!! Really only 5,000 shares traded, but they are all sells:( Needs a good shot of buys and it's back up, I've no doubt that the shares are very scarce, and that the MM's are trying somehow to even their books, we have the upper hand, knowledge and the shares.
imo
So I noticed more ads, good! lol, but you used to have a "search" feature at the top, and I've noticed that when ads are there, you have to scroll down to the bottom in order to get to the other "search" feature.
This can be quite a scroll if you are on message list.
Was wondering if you could put the upper "search" feature just below the Blue header's:
Logout Live! Chat Home Mail Box ( 0 ) Discussions Favorites Hot!
Or in some other space up top, that way it wouldn't have to depend on no ads to have an upper "search" feature, which is nice to have, thanks.
imo
Talked with John, said that they sent in their filing on the 14th of the month, told him we didn't see it on edgar and to check on it. Anyway, we can't get an E, already on the pinks, lotsa E's today:
http://www.otcbb.com/dailylist/history/bbdl_11272000.stm
imo
OK, am mailing out one right now, so see if you get it, talked with TGHI, everything still moving in the right direction.
imo
AccessTel China Inc. Qualifies for Favorable Tax Status in China
SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 22, 2000--The Board of Directors of Shopss.com, Inc. (OTC BB:SHPS - news), which will soon be renamed AccessTel Inc., is pleased to announce that its 100 percent owned subsidiary, AccessTel (China) Inc., qualifies for favorable tax treatment in China.
AccessTel (China) Inc. will develop the Chinese market with the Shanghai Haplink Information System Co., Ltd. and implement broadband wireless access technical solutions in China. AccessTel (China) INc.'s agreement is aimed at promoting the development of information technology in the Shanghai CAOHEJING New Technology Development Zone; to better provide broadband wireless Internet access technologies for enterprises within the zone; and to provide solutions for the best information access technologies.
The CAOHEJING Hi-Tech Park is the only development zone granted by the State Council in China that can enjoy the favorable policies of both the economic and technological development zone and the hi-tech industry development zone. The State and the Shanghai Municipal Government give the Park the support and promotion force for the development of investment and trade.
The Shanghai CAOHEJING Hi-Tech Park Development Corp.:
In October 1988, upon the approval of the Shanghai Municipal Government, Shanghai CAOHEJING Hi-Tech Park Development Corp. was set up as an administration and service institute. It was authorized to help create a good investment and trade environment to lure funds and advanced technology. The Shanghai CAOHEJING Hi-Tech Park covers an area of over 6 sq km, with approximately 1,000 operating companies of which 260 are foreign owned with a contracted investment of $1.5 billion (US). Over the last few years companies including Lucent Technologies, Intel, Lattice Bell, Philips, Dupont, 3M, GE, and Toshiba have all operated successfully in Park.
Preferential Policies:
In order to guarantee the legal commercial benefits of the overseas investors, the state and government of China has formulated a series of laws and regulations to encourage the foreign investment. Any foreign invested production enterprise in the Park shall pay enterprise income tax at a reduced rate of 15 percent on the income derived from production, business and other resources. The enterprises scheduled to operate for a period of 10 years or more shall be exempt from enterprise income taxes in the first and second profit-making years and allowed a 50 percent reduction in the third to fifth years.
The technologically advanced enterprises may extend for another three years the payment for income tax at a rate reduced by one half. If the rate of enterprise income tax is less than 10 percent from the beginning of the sixth year, the technologically advanced enterprises shall pay the income tax at a rate of 10 percent. If the output value of product export amounts to 70 percent or more of the total, the enterprises shall pay the income tax at a rate of 10 percent after the expiration of the period of income tax reductions and exemptions.
The sino-foreign joint ventures in the Park are allowed to remit their profit abroad, free from income tax of their remittance. The productive foreign invested enterprises are exempt from the local income tax by the end of 2000. Any export enterprise whose products for exports cover 70 percent or more is still free from local income tax after the tax-free period. The foreign-funded enterprises can enjoy the exemption of real estate tax for five years from the first month when their houses are built or bought.
AccessTel, through joint ventures and acquisitions, is poised to begin supplying Broadband Wireless, VoIP and Utility Meter Reading over a wireless and wired broadband network. These services will be provided primarily in China and the Western United States from AccessTel's base in San Jose, Calif. The wireless network and wireless local loop (WLL) services will provide rapid deployment of phone, fax, high-speed data, video and fixed ISP connections. AccessTel Inc. is deploying the latest broadband wireless strategies and telecom solutions (2 1/2G - 3G) in China.
The Shanghai Haplink Information System Co., Ltd. is a high technology enterprise controlled by Shanghai CAOHEJING New Technology Development Zone General Corporation. It is mainly engaged in Internet service provision (ISP), providing value added services in the network communications field (ICP), and the research and development of Internet technologies. The Shanghai Haplink Information System Co., Ltd. has had many years of experience in the provision of Internet services, and has gained market share in the Shanghai region as well as the CAOHEJING Development Zone.
With regard to the resources respectively invested by the parties in their technical cooperation, these can be credited as capital invested in the form of tangible and intangible assets after being priced according to the requirements of relevant Chinese government laws and policies.
Stuart Bockler, CFO of AccessTel, added, ``The introduction of AccessTel China Inc. approved for operation in China for a term of 20 years will qualify for a reduced rate of taxation in China and will be allowed to remit our profit to the US parent AccessTel Inc., free from or at a preferential rate of income tax on of our remittance. The Shanghai CAOHEJING New Technology Development Zone offers AccessTel Inc. significant opportunities to deploy our wireless broadband strategies with both local infrastructure and Governmental assistance.''
The new company will import related technical equipment needed for research and development, and will import it from its U.S. parent or from other affiliated companies. Due to their high technology contents, the main products of the new company will be the domestic market in China, and a percentage of overseas sales will be determined and implemented in accordance with the provisions of applicable Chinese laws. In the event that operations require additional licenses, the new company will complete relevant procedures in accordance with the provisions of applicable Chinese laws. The Project was approved by the CAOHEJING New Technology Development Zone in Shanghai, China on Sep. 19, 2000. AccessTel Inc.'s Web site is www.accesstelinc.net.
Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Shopps.com/AccessTel Inc.
Lawrence Liang or Stuart Bockler, 732/591-0520
or
Worldwide Corporate Finance
Sy Mitzner, 818/783-0054
imo
AccessTel Conference Call (reviewed)
Moderator: Investors, welcome to the AccessTel Conference Call, sponsered by AT& T, Nov 23rd:
AccessTel CC--Micheal Markow(FA), Larry Liang(CEO), Stuart Bockler(CFO).
Opening Statements
Micheal Markow-FA: The Share agreement between AccessTel and Shopps.com had been completed in its entirety. MM, as an advisor appreciates the patience, and has delivered SHPS as a debt-free corp to AccessTel.
Many things have not yet been disclosed, an 8-k will be filed shortly, with all particulars disclosed. The current 10Q will be filed friday, but recieved monday, as the SEC is closed until then.
Stuart Boeckler-CFO: There are 80-100 listening to the CC today. Provides an overview into AccessTel and the strategic deployment in China. Strategic aggrements and alliances will be forthcoming in PR's. This CC to focus on AccessTel China, in Shanghai, (including the contract with Haplink within the Business Developmental Park), which allow for the deployment of Broadband solutions and internet wireless connectivity; the ability to develop, commercialize, deploy, wireless products in China; and in the future manufacture and export out of China.
He talks about the Business Park, and the other US companies there that they will be servicing (Intel, Lucent, 3M, GE...), to date, $1.5B investment in the park, the only one of its kind supported at the federal level for US and multinational companies. The first AccessTel deployment is for internet wireless connectivity, then throughout Shanghai, then other cities. Continued alliance with Wells Communications to provide CLEC connectivity from properties in the US through their International gateway in Calif... all toward ramping up revenue in the company on an accelerated basis.
Lawrence Liang,-CEO: Lots of opportunity to bring Wireless technology, the Chinese Gov't and other organizations have requested that AccessTel work on projects. AccessTel has preferential treatment for deploying wireless technology in China. Inside the Developmental Park, there is not enough high-speed interlinks. They don't want to tear up the streets for fiber, so instead they are going wireless, via AccessTel. There is going to be a lot of investment for this project, and Liang assures that "we're going to build this into a very very big company."
Boeckler: Througout Shanghai, there are 40 year old AT&T copper lines, that exist for telephony and internet connection. AccessTel has within the park an existing base of subscribers that will be able to access through the wireless service very quickly, via Haplink. Opens it to questions (witholding to undisclosed material events until they are made public):
Q: What if any patented technology does AccessTel own, is their a website we can to to in order to look at some of these technologies. If you don't have patented technologies, what exactly do you bring to the party?
Boeckler: In the first stages of AccessTel, it's not looking to deploy patented technology and developed technology to deploy in China. We are not looking to take in investment funds to begin Star Wars. Through Liang's significant experience in high tech in San Jose for the past 25 years, and relationships with many of the tech firms and developers of the tech, we have relations with providers of existing tried and true tech available today. We have through assistance of the advisor to the board, Dr. Lee, further, advice and structure of connectivity in 2.5 and 3G tech.
In initial stages, providing interconnectivity services, not starting off as a manufacturer, or commercializer of our own products in the intial stage. Deploying existing stage tech, from, whether it be Qualcomm or Ericsson or Lucent, to provide us technology in CDMA, HDR, and in MMDS.
We will connect those Gateways to a combination of internet access and internet telephony. Through the strategic releationship with both Well's Comm and STS, begin to ramp up IP Int. telephony through 10-10-653 number in No. Cal, and the CLEC relationship with Wells Comm and begin to provide termination of telephony services in China at very lucrative rates already negotiated through the major telephony companies.
The formation of AccessTel China allows connection into the local PTI's (local telephony services & internet services). As a foreign owned company, AccessTel can participate in revenue on internet service provision and communication on international traffic--terminating calls in Europe, the US, Asia, and So. A. Also on calls eminating through their int gateway in San Jose.
Later deployment, with revenue base from service connectivity. Through Lee's and Liang's assustance, and other strategic alliances, 3G will open up to broadband and internet communication, both fixed and mobile, bringing appliances for connectivity. Through AccessTel China/Haplink, develpment, commericalize, and manufacture at lower prices in China for first stge deployment in China and further export.
AccessTel China has special rights to return revenue and profit on a strong percentage basis back to the parent company, Accesstel US-- breakdown of the profits will be released in an upcoming PR.
Q: Liang's background and history of AccessTel and relationship with Dr. Lee, and the deployment of WLL within the business park?
Liang: Deployment will be of MNDS, due to the size of the park (50k square), highspeed broadband. Liang and Lee are "old friends of many years, we started AccessTel together last year."
--------------------------------------------------------------------------------------------------------
Q: How much of a factor will Dr. Lee be in the plans of AccessTel?
Bockler: In regard to Dr. Lee, I must say that we expect future news releases specifically based on the relationship of Dr. Lee to AccessTel to be forthcoming. At this point, what can be said is that Dr. Lee was one of the original founders of AccessTel, with Boeckler and Liang, in February of 1999. Lee is an advisor to the board, currently he is reviewing our technology deployment for China, though not a direct employee or officer of AccessTel currently. Dr. Lee was at the Business dinner with the chairman of Chouhueding, the president of Haplink, one of the deputy directors-- Mr Ling-- who is on the business development side of Shanghai, China. There will be in the future news releases directly approved by Dr. Lee of his additional involvement.
Q: In an earlier press release, it was indicated that this CC may include some other parners of strategic alliances, understood that this cannot be fully disclosed, why the delay?
Boeckler: We have closed finally the share purchase agreement as of yesterday. There are a number of ongoing negotiations that are rapidly progressing. Over the next few weeks, additional news releases will show the public, that show AccessTel has the experience and cooperation of key strategic partners in our development in China. Due to the nature of the strategic candidates that AccessTel is in ongoing relationships with, all news releases must come through their own legal team.
Q: How big do you think AccessTel will grow in 6 months to a year, two years out, employees, revenue, etc...?
Boeckler: AccessTel will grow very quickly over the next few quarters and years, we are interested in increasing shareholder value. It will be a company that we can all be proud of. Over the next few weeks and months, I think you'll get a more and more clear picture of how quickly we can grow.
AccessTel looks to grow quite quickly. We are targeting growth and deplyment. Our focus is to grow our employee base rapidly to execute this deployment. We are negotiating certain strategic alliances which will train our Chinese counterparts in China. In China, the cost of high level technicians is approx. 1/4th to 1/3rd of US standards. On the technology development side, and on the broadband deploment side, we will concedntrate on adding employees very rapidly. Domestically, we are looking at a number of proposed acquisitions that will add not only infrastructure and assetts to AccessTel, but also employees and staff directly related to our business development and deployment.
By the first quarter of 2001, we expect to be operational on testing our Broadband technology in Shanghai. We will then add subscribers to the wireless service, via the developmental park, and Haplink Information Corp., throughout Shanghai. Besides the wireless service, we will also be deploying internet international telephony, which is domestically is an electronic outlay of equipment, not so much employee and staffing, instead joining larger POTS. In our IP telephony, AccessTel will not be looking to start a new infrastructure globally througout the world. We will JV and strategically align with world class telephone carriers, to avail them termination points in China, for compensated termination points worldwide. AccessTel is looking to build up revenues quickly, revenues targeted toward creating profit, and build through strategic alliance and the commercialization of the new technology, 3G CDMA will not be available for the next 12 months. As it comes online, through our strategic relationships, AccessTel has direct technology availability to utilyze that cutting edge technology to create different appliances to create services. AccessTel will concentrate on service fees. For the deployment in China, the Haplink agreement will take most of the legwork and installation, and we will provide the equipment, the training, the tech, and the backbone service to connect internationally.
The company will grow significantly, it is hard to put a target. The basis of what AccessTel is looking to do in China will command hundreds of millions of dollars over the next couple of years, and AccessTel's management is determined to grow the company on a predictable basis, not spending tens of millions on unproven products, instead spending a few million on commercializing existing techology to seamlessly connect between MNDS, between CDMA, between HDR, to provide voice, data, fax, video, and internet connectivity services. Each subscriber that we add on, each new city deployment, will be a mirror of the growth that we are starting in the Shanghai Business Development Park.
Q: Do you have adequate funding in place and are the other elements in place to ramp up revenue?
Bockler: AccessTel is continually on an ongoing basis anticipating its funding needs. Details of future funding and capitalization will be contained in the filing of our 8-K. All shareholders will find that AccessTel's combined management is addressing all of these issues. For our deployment in China, AccessTel is going to seek significant investment, from both the Chinese, and from WallStreet.
Markow: There have been numerous meetings in regard to the ramp-up of financing, making the approprite move to put that financing in place. The missing componant, in order to complete that ramp-up to the level that is needed for the roll-out, is the completion of the share exchange agreement, which was done yesterday. Now, we can move forward with our financing packages, as planned, very quickly. The old management of shopss.com is not surviving this reverse acquisition, they are formally gone.
Q: Is the share structure still the same, roughly 20M O/S, any official figues on the share holdings?
Boeckler: It will be detailed in the 8-K, which is currently being prepared. ((JJ's note: Expected O/S is between 20-23M, following share allotment to founders, and funding partners)).
Q: When you speak of strategic alliances, are you waiting for the 8-K to be filed before those are made public?
Boeckler: Exactly, there has to be a full fair disclosure to all. Through Liang, Dr. Lee, and Boeckler, via relationships with a number of different existing corporations, AccessTel has a number of companies that are offering AccessTel availability of their technology to deploy in China. Accesstel is different than many other companies that are going to do work in China because we have an understanding of what's necessary in WallStreet to relate to shareholders and to raise money on an orderly basis, and the availability of our founding shareholders to advise and negotiate properly in China, and to seek areas where we can ramp-up quickly.
Over the next few weeks and months, the specifics of the situation in the high-tech developmental park and a technology park, that we will be secure in our investment because companies like Intel, Motorola, Nortel, Cisco, and Lucent have been existing in this park since 1988. The WLL we will be deploying in China will be completed much quicker than those of many of the majors negotiating on their own in China.
----------------------------------------------------------------------------------------------------------
Q: Is the contract for the Shanghai Business Park exclusive?
Liang: To his question as if we have an exclusive contract for the Shanghai Business Park, the answer is Yes. Only AccessTel was given the contract. There are lots of big companies from the US, Cisco included, that it was not granted to. The Business Park Chairman came here personally to sign the contract with AccessTel, very important.
Is there a telephone number and e-mail that investors can use for asking qustions or comments?
Liang: We are going to set those departments up very quickly, because we are in the process of moving into bigger offices, as we begin deployment of AccessTel's projects.
Boeckler: AccessTel has put into effect a website. You can start to go over and take a look at AccessTel at it's website: http://www.accesstelinc.net
((JJ's note: The website is a powerpoint presentation used for funding investors information-- use full-screen, available on Explorer.))
An e-mail address will be posted in order to answer questions. Telephone questions are currently coming directly into Boeckler's office, a full-time person will soon be available for answering investors questions, now that AccessTel has completed the share purchase agreement, and is part of the public company. For financial questions, 732-591-0520. A VP of IR will be in place shortly that will be able to answer your questions on a regular basis.
Q: Is this the same Dr. Lee that is chairman of LinkAir?
Liang: Yes.
Q: Can you comment more as if there is going to be any partnership with LinkAir?
Liang: Well, anything is possible, we...
Boeckler: Until the 8-K is out, until we make formal announcements to all of the public, none of these issues should be covered. If everyone engages in this manner. AccessTel will be a world class company. It is on the road, and we want to stay on the track of a world class company by doing everything properly and in accordance with all securities regulations.
Q: I appreciate that, so you really can't comment on their technology, their CDMA...
Liang: You can read about their technology on the Link Air website. Dr. Lee was a founder of AccessTel before he joined LinkAir... you can use your imagination, the rest I cannot give in full detail. He is a major shareholder of AccessTel.
Boeckler: Just so you understand. Dr. Lee has been, and continues to be until we release additional news, has been an acting advisor to the management of AccessTel, from the beginning.
Through all of the technology, there are tremendous advances in Wireless Broadband Solutions. In the next couple of years, you'll be able to communicate entirely wireless. In the US, it's going to be a much more expensive transistion. It's going to be flawed with delays in the US ((JJ's note: Liang here interjects--"because of regulations")) due to the significant investment in the US in wired technology. The US has all alternatives here. In China, which is a developing country, the AccessTel management believes that China will be the technology giant in the world in 2010. Because companies like AccessTel, will develop and transfer technology over the next ten years, for deployment, development, and manufacture a commercialization, and then export out of China.
In China, because of the high cost of laying fiber optic, the fast-ramp will be to Broadband. Because of AccessTel's relationships of AccessTel's management team, AccessTel has been invited into China, not that we have been knocking on doors, AccessTel has been invited to into China to develop their wireless solutions. And working accordingly with the Chinese Gov't, with the local Gov't's and in accordance with Chinese law, AccessTel will develop the technology within China.
Liang: We need to stop here, no need to explore to much.
Q: Could you address the name and possible symbol change in the near future? And, we have all been under the assumption that their was a strategic alliance with Qualcomm or Qualcommtel, if you could, would you please address that?
Markow: Unfortunately we cannot address these things at this time, they will be addressed as the week progresses. It is important to note that preliminary to many of the things that Stuart and Lawrence have done, before any of that could be completed --and they've done a great deal-- the merger, the share exchange, had to be completed. With that completed as of yesterday, AccessTel is prepared to move forward and fulfill all of the progress that has been made.
Q: OK, because I noticed on the website, that their was an investment by Qualcommtel, going through that...
Markow: AccessTel was a private company when that was posted. There are new rules to follow as a public company, and I believe tonight we should make some changes there ((JJ's note: the website is down as I write this.))
Q: I realize that the initial work is being done in Shanghai, but is AccessTel also going to do work in other provinces and cities of China, and in Hong Kong?
Liang: We have a lot of offers. We can only do one thing at a time. There are a lot of opportunities here, we just have to evaluate them before making any decisions. We have a lot of offers from many parts within the country of China. After we finish the project in Shanghai, then we will duplicate the success of the Shanghai Business Park to other locations.
Closing Statements:
Boeckler: Thank you to all our shareholders and interested investors for your support, and look forward to our bright future. We as management feel that there is a lot of hard work ahead of us, we have accomplished our first major hurdle, which is becoming a public company, we are very pleased to join with the shopss.com shareholders to build value for all shareholders in the months and years ahead as AccessTel. the management is commited to keeping shareholders informed of our progress, we will have a person to work full-time interacting with shareholders shortly.
Liang: Thank you to everybody. I hope this is the beginning, and not the very end. We have a lot of Strategic partners that are offering us a lot of opportunities and technology, we will let everyone know. We are standing on sturdy ground, we've already built the companies foundation, and we've got a lot of opportunities. We are going to build this company very very very strong in a very very short time. So be patient. Thank you for joining the CC.
Markow: For all those shareholders I know and have spoken to over all this time. It's done, we've done it. We are all proud of the accomplishment, and this opportunity is everything that you expect it to be. And one last final word, goodnight errol wherever you are.
Moderator: This concludes the Conference call.
imo
CC outline and review (part 3)
See link for entire Conference Call:
http://www.investorshub.com/beta/read_msg.asp?message_id=24186
Q: Is the contract for the Shanghai Business Park exclusive?
Liang: To his question as if we have an exclusive contract for the Shanghai Business Park, the answer is Yes. Only AccessTel was given the contract. There are lots of big companies from the US, Cisco included, that it was not granted to. The Business Park Chairman came here personally to sign the contract with AccessTel, very important.
Is there a telephone number and e-mail that investors can use for asking qustions or comments?
Liang: We are going to set those departments up very quickly, because we are in the process of moving into bigger offices, as we begin deployment of AccessTel's projects.
Boeckler: AccessTel has put into effect a website. You can start to go over and take a look at AccessTel at it's website: http://www.accesstelinc.net
((JJ's note: The website is a powerpoint presentation used for funding investors information-- use full-screen, available on Explorer.))
An e-mail address will be posted in order to answer questions. Telephone questions are currently coming directly into Boeckler's office, a full-time person will soon be available for answering investors questions, now that AccessTel has completed the share purchase agreement, and is part of the public company. For financial questions, 732-591-0520. A VP of IR will be in place shortly that will be able to answer your questions on a regular basis.
Q: Is this the same Dr. Lee that is chairman of LinkAir?
Liang: Yes.
Q: Can you comment more as if there is going to be any partnership with LinkAir?
Liang: Well, anything is possible, we...
Boeckler: Until the 8-K is out, until we make formal announcements to all of the public, none of these issues should be covered. If everyone engages in this manner. AccessTel will be a world class company. It is on the road, and we want to stay on the track of a world class company by doing everything properly and in accordance with all securities regulations.
Q: I appreciate that, so you really can't comment on their technology, their CDMA...
Liang: You can read about their technology on the Link Air website. Dr. Lee was a founder of AccessTel before he joined LinkAir... you can use your imagination, the rest I cannot give in full detail. He is a major shareholder of AccessTel.
Boeckler: Just so you understand. Dr. Lee has been, and continues to be until we release additional news, has been an acting advisor to the management of AccessTel, from the beginning.
Through all of the technology, there are tremendous advances in Wireless Broadband Solutions. In the next couple of years, you'll be able to communicate entirely wireless. In the US, it's going to be a much more expensive transistion. It's going to be flawed with delays in the US ((JJ's note: Liang here interjects--"because of regulations")) due to the significant investment in the US in wired technology. The US has all alternatives here. In China, which is a developing country, the AccessTel management believes that China will be the technology giant in the world in 2010. Because companies like AccessTel, will develop and transfer technology over the next ten years, for deployment, development, and manufacture a commercialization, and then export out of China.
In China, because of the high cost of laying fiber optic, the fast-ramp will be to Broadband. Because of AccessTel's relationships of AccessTel's management team, AccessTel has been invited into China, not that we have been knocking on doors, AccessTel has been invited to into China to develop their wireless solutions. And working accordingly with the Chinese Gov't, with the local Gov't's and in accordance with Chinese law, AccessTel will develop the technology within China.
Liang: We need to stop here, no need to explore to much.
Q: Could you address the name and possible symbol change in the near future? And, we have all been under the assumption that their was a strategic alliance with Qualcomm or Qualcommtel, if you could, would you please address that?
Markow: Unfortunately we cannot address these things at this time, they will be addressed as the week progresses. It is important to note that preliminary to many of the things that Stuart and Lawrence have done, before any of that could be completed --and they've done a great deal-- the merger, the share exchange, had to be completed. With that completed as of yesterday, AccessTel is prepared to move forward and fulfill all of the progress that has been made.
Q: OK, because I noticed on the website, that their was an investment by Qualcommtel, going through that...
Markow: AccessTel was a private company when that was posted. There are new rules to follow as a public company, and I believe tonight we should make some changes there ((JJ's note: the website is down as I write this.))
Q: I realize that the initial work is being done in Shanghai, but is AccessTel also going to do work in other provinces and cities of China, and in Hong Kong?
Liang: We have a lot of offers. We can only do one thing at a time. There are a lot of opportunities here, we just have to evaluate them before making any decisions. We have a lot of offers from many parts within the country of China. After we finish the project in Shanghai, then we will duplicate the success of the Shanghai Business Park to other locations.
Closing Statements:
Boeckler: Thank you to all our shareholders and interested investors for your support, and look forward to our bright future. We as management feel that there is a lot of hard work ahead of us, we have accomplished our first major hurdle, which is becoming a public company, we are very pleased to join with the shopss.com shareholders to build value for all shareholders in the months and years ahead as AccessTel. the management is commited to keeping shareholders informed of our progress, we will have a person to work full-time interacting with shareholders shortly.
Liang: Thank you to everybody. I hope this is the beginning, and not the very end. We have a lot of Strategic partners that are offering us a lot of opportunities and technology, we will let everyone know. We are standing on sturdy ground, we've already built the companies foundation, and we've got a lot of opportunities. We are going to build this company very very very strong in a very very short time. So be patient. Thank you for joining the CC.
Markow: For all those shareholders I know and have spoken to over all this time. It's done, we've done it. We are all proud of the accomplishment, and this opportunity is everything that you expect it to be. And one last final word, goodnight errol wherever you are.
Moderator: This concludes the Conference call.
imo
CC outline and review (part 2)
(see link below for part 1, a 3rd part remains for completion)
http://www.investorshub.com/beta/read_msg.asp?message_id=24067
--------------------------------------------------------------------------------------------------------
Q: How much of a factor will Dr. Lee be in the plans of AccessTel?
Bockler: In regard to Dr. Lee, I must say that we expect future news releases specifically based on the relationship of Dr. Lee to AccessTel to be forthcoming. At this point, what can be said is that Dr. Lee was one of the original founders of AccessTel, with Boeckler and Liang, in February of 1999. Lee is an advisor to the board, currently he is reviewing our technology deployment for China, though not a direct employee or officer of AccessTel currently. Dr. Lee was at the Business dinner with the chairman of Chouhueding, the president of Haplink, one of the deputy directors-- Mr Ling-- who is on the business development side of Shanghai, China. There will be in the future news releases directly approved by Dr. Lee of his additional involvement.
Q: In an earlier press release, it was indicated that this CC may include some other parners of strategic alliances, understood that this cannot be fully disclosed, why the delay?
Boeckler: We have closed finally the share purchase agreement as of yesterday. There are a number of ongoing negotiations that are rapidly progressing. Over the next few weeks, additional news releases will show the public, that show AccessTel has the experience and cooperation of key strategic partners in our development in China. Due to the nature of the strategic candidates that AccessTel is in ongoing relationships with, all news releases must come through their own legal team.
Q: How big do you think AccessTel will grow in 6 months to a year, two years out, employees, revenue, etc..?
Boeckler: AccessTel will grow very quickly over the next few quarters and years, we are interested in increasing shareholder value. It will be a company that we can all be proud of. Over the next few weeks and months, I think you'll get a more and more clear picture of how quickly we can grow.
AccessTel looks to grow quite quickly. We are targeting growth and deplyment. Our focus is to grow our employee base rapidly to execute this deployment. We are negotiating certain strategic alliances which will train our Chinese counterparts in China. In China, the cost of high level technicians is approx. 1/4th to 1/3rd of US standards. On the technology development side, and on the broadband deploment side, we will concedntrate on adding employees very rapidly. Domestically, we are looking at a number of proposed acquisitions that will add not only infrastructure and assetts to AccessTel, but also employees and staff directly related to our business development and deployment.
By the first quarter of 2001, we expect to be operational on testing our Broadband technology in Shanghai. We will then add subscribers to the wireless service, via the developmental park, and Haplink Information Corp., throughout Shanghai. Besides the wireless service, we will also be deploying internet international telephony, which is domestically is an electronic outlay of equipment, not so much employee and staffing, instead joining larger POTS. In our IP telephony, AccessTel will not be looking to start a new infrastructure globally througout the world. We will JV and strategically align with world class telephone carriers, to avail them termination points in China, for compensated termination points worldwide. AccessTel is looking to build up revenues quickly, revenues targeted toward creating profit, and build through strategic alliance and the commercialization of the new technology, 3G CDMA will not be available for the next 12 months. As it comes online, through our strategic relationships, AccessTel has direct technology availability to utilyze that cutting edge technology to create different appliances to create services. AccessTel will concentrate on service fees. For the deployment in China, the Haplink agreement will take most of the legwork and installation, and we will provide the equipment, the training, the tech, and the backbone service to connect internationally.
The company will grow significantly, it is hard to put a target. The basis of what AccessTel is looking to do in China will command hundreds of millions of dollars over the next couple of years, and AccessTel's management is determined to grow the company on a predictable basis, not spending tens of millions on unproven products, instead spending a few million on commercializing existing techology to seamlessly connect between MNDS, between CDMA, between HDR, to provide voice, data, fax, video, and internet connectivity services. Each subscriber that we add on, each new city deployment, will be a mirror of the growth that we are starting in the Shanghai Business Development Park.
Q: Do you have adequate funding in place and are the other elements in place to ramp up revenue?
Bockler: AccessTel is continually on an ongoing basis anticipating its funding needs. Details of future funding and capitalization will be contained in the filing of our 8-K. All shareholders will find that AccessTel's combined management is addressing all of these issues. For our deployment in China, AccessTel is going to seek significant investment, from both the Chinese, and from WallStreet.
Markow: There have been numerous meetings in regard to the ramp-up of financing, making the approprite move to put that financing in place. The missing componant, in order to complete that ramp-up to the level that is needed for the roll-out, is the completion of the share exchange agreement, which was done yesterday. Now, we can move forward with our financing packages, as planned, very quickly. The old management of shopss.com is not surviving this reverse acquisition, they are formally gone.
Q: Is the share structure still the same, roughly 20M O/S, any official figues on the share holdings?
Boeckler: It will be detailed in the 8-K, which is currently being prepared. ((JJ's note: Expected O/S is between 20-23M, following share allotment to founders, and funding partners)).
Q: When you speak of strategic alliances, are you waiting for the 8-K to be filed before those are made public?
Boeckler: Exactly, there has to be a full fair disclosure to all. Through Liang, Dr. Lee, and Boeckler, via relationships with a number of different existing corporations, AccessTel has a number of companies that are offering AccessTel availability of their technology to deploy in China. Accesstel is different than many other companies that are going to do work in China because we have an understanding of what's necessary in WallStreet to relate to shareholders and to raise money on an orderly basis, and the availability of our founding shareholders to advise and negotiate properly in China, and to seek areas where we can ramp-up quickly.
Over the next few weeks and months, the specifics of the situation in the high-tech developmental park and a technology park, that we will be secure in our investment because companies like Intel, Motorola, Nortel, Cisco, and Lucent have been existing in this park since 1988. The WLL we will be deploying in China will be completed much quicker than those of many of the majors negotiating on their own in China.
imo
CC outline and review (part 1):
AccessTel CC--Micheal Markow(fa), Larry Liang(ceo), Stuart Bockler(cfo).
MM began the CC by stating that the Share agreement between AccessTel and Shopps.com had been completed in its entirety. MM, as an advisor appreciates the patience, and has delivered SHPS as a debt-free corp to AccessTel.
Many things have not yet been disclosed, an 8-k will be filed shortly, with all particulars disclosed. The current 10Q will be filed friday, but recieved monday, as the SEC is closed until then.
Stuart, CFO, says there are 80-100 listening to the CC today. Provides an overview into AccessTel and the strategic deployment in China. Strategic aggrements and alliances will be forthcoming in PR's. This CC to focus on AccessTel China, in Shanghai, (including the contract with Haplink within the Business Developmental Park), which allow for the deployment of Broadband solutions and internet wireless connectivity; the ability to develop, commercialize, deploy, wireless products in China; and in the future manufacture and export out of China.
He talks about the Business Park, and the other US companies there that they will be servicing (Intel, Lucent, 3M, GE...), to date, $1.5B investment in the park, the only one of its kind supported at the federal level for US and multinational companies. The first AccessTel deployment is for internet wireless connectivity, then throughout Shanghai, then other cities. Continued alliance with Wells Communications to provide CLEC connectivity from properties in the US through their International gateway in Calif... all toward ramping up revenue in the company on an accelerated basis.
Lawrence Liang, CEO. Lots of opportunity to bring Wireless technology, the Chinese Gov't and other organizations have requested that AccessTel work on projects. AccessTel has preferential treatment for deploying wireless technology in China. Inside the Developmental Park, there is not enough high-speed interlinks. They don't want to tear up the streets for fiber, so instead they are going wireless, via AccessTel. There is going to be a lot of investment for this project, and Liang assures that "we're going to build this into a very very big company."
Boeckler: Througout Shanghai, their is 40 year old AT&T copper lines, that exist for telephony and internet connection. AccessTel has within the park an existing base of subscribers that will be able to access through the wireless service very quickly, via Haplink. Opens it to questions (witholding to undisclosed material events until they are made public):
Q: What if any patented technology does AccessTel own, is their a website we can to to in order to look at some of these technologies. If you don't have patented technologies, what exactly do you bring to the party?
Boeckler: In the first stages of AccessTel, it's not looking to deploy patented technology and developed technology to deploy in China. We are not looking to take in investment funds to begin Star Wars. Through Liang's significant experience in high tech in San Jose for the past 25 years, and relationships with many of the tech firms and developers of the tech, we have relations with providers of existing tried and true tech available today. We have through assistance of the advisor to the board, Dr. Lee, further, advice and structure of connectivity in 2.5 and 3G tech. In initial stages, providing interconnectivity services, not starting off as a manufacturer, or commercializer of our own products in the intial stage. Deploying existing stage tech, from, whether it be Qualcomm or Ericsson or Lucent, to provide us technology in CDMA, HDR, and in MMDS. We will connect those Gateways to a combination of internet access and internet telephony. Through the strategic releationship with both Well's Comm and STS, begin to ramp up IP Int. telephony through 10-10-653 number in No. Cal, and the CLEC relationship with Wells Comm and begin to provide termination of telephony services in China at very lucrative rates already negotiated through the major telephony companies. The formation of AccessTel China allows connection into the local PTI's (local telephony services & internet services). As a foreign owned company, AccessTel can participate in revenue on internet service provision and communication on international traffic--terminating calls in Europe, the US, Asia, and So. A. Also on calls eminating through their int gateway in San Jose.
Later deployment, with revenue base from service connectivity. Through Lee's and Liang's assustance, and other strategic alliances, 3G will open up to broadband and internet communication, both fixed and mobile, bringing appliances for connectivity. Through AccessTel China/Haplink, develpment, commericalize, and manufacture at lower prices in China for first stge deployment in China and further export.
AccessTel China has special rights to return revenue and profit on a strong percentage basis back to the parent company, Accesstel US-- breakdown of the profits will be released in an upcoming PR.
Q: Liang's background and history of AccessTel and relationship with Dr. Lee, and the deployment of WLL within the business park?
Deployment will be of MNDS, due to the size of the park (50k square), highspeed broadband. Liang and Lee are "old friends of many years, we started AccessTel together last year."
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I will try and get throgh the rest of the CC over the weekend.
imo
Matt, this stock has just changed its symbol from STWW to STPW effective today, thanks.
They also just did a 5:1 RS, but luckily I wasn't in! Now it has a big spread, and needs more volume, lol.
imo
Castle Holding Wins Ruby 'Best of Category' Award for its Annual Report
FREEPORT, N.Y., Nov. 22 /PRNewswire/ -- Castle Holding Corp. (OTC Bulletin Board: CHOD - news) today announced that Castle Holding Corp.'s 1999 Annual Report was awarded a ``Ruby'' award. Dozens of companies including such high profile contenders as Ford Motor Corp., Bank One, The Bear Stearns Companies, Archer Daniels Midland, Philip Morris, Rayovac, and The Charles Schwab Companies entered the second annual Equities Magazine and Adelphi University, Excellence in Financial Reporting Gemstone Awards Competition. The prestigious awards are given to recognize those who excel in investor communications.
Awards will be presented on January 17, 2001 at a reception and dinner to be held at the Garden City Hotel in Garden City, NY. George R. Hebert, President said, ``As we celebrate our 15th anniversary, it is important to give credit to the employees of Castle and the consultants for their contribution and efforts. We especially thank Peter Sandor of Sandor Marketing for his outstanding design work, Salvatore Dovi Photography for the excellent photography and Proforma for the good looking print job.''
Anthony Libertella, Dean of L.I. New York's Adelphi University School of Business and Finance, honorary Chairman and academic advisor for the contest, and Associate Dean, Rakesh Gupta made the annual report entries an integral part of their graduate school's courses in financial reporting and accounting. Students: future sophisticated investors, top executives, analysts, investment professionals or entrepreneurs graded the reports for thirteen attributes including: readability, composition, educational value, graphics and corporate responsibility. After grades were tabulated reports were sorted into 44 industrial categories and the highest scoring reports in each were given Best of Category ``Ruby'' awards. Castle Holding, based in Freeport Long Island, won a ``Ruby'' Best of Category award.
Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products and prices, the inherent uncertainty, unpredictable and changing factors involved with stock markets and exchanges, and risks relating to the progress of the Company's research and development and the development of competing technologies by other companies. Those associated risks and others are further described in the Company's filings with the Securities and Exchange Commission, including the annual report on Form 10-KSB/A for the period ended September 30, 1999 and the quarterly reports on Form 10-QSB for the periods ending December 31, 1999, March 31, 2000 and June 30, 2000. Please visit http://www.castleholding.com for access to the filings.
SOURCE: Castle Holding Corp.
imo