InvestorsHub Logo
Followers 1
Posts 31
Boards Moderated 0
Alias Born 09/04/2000

Re: None

Sunday, 10/01/2000 8:05:28 PM

Sunday, October 01, 2000 8:05:28 PM

Post# of 1520
Check this DD out on ATTP! inside
Affordable Telecomm. Tech (OTC BB:ATTP)
Phone #: (713) 988-8884
Website - http://www.thewirelessstore.net/
-----------------------------------------
52 week high: 2.875 March 21, 2000
52 week low: .109 August 24, 2000
-----------------------------------------
August total volume: 13,142,600
September volume: 25,118,100
link: http://www.clearstation.com/cgi-bin/stock_price_enum?Symbol=ATTP
-----------------------------------------
Authorized: 20 million
Outstanding shares: 18 million (from the CEO on 9/29/00)
Float: 8 million (from the CEO on 9/29/00)
Ownership: insider 47%
-----------------------------------------
1-year chart for ATTP: http://finance.yahoo.com/q?s=attp.ob&d=b
-----------------------------------------

Business Summary:
Affordable Telecommunications Technology Corporation is a development stage company that engages in the business of serving as a reseller and provider of wireless telecommunications services, paging services and related services, and plans on providing an Automatic Meter Reading service. The Company presently operates a retail stores in the Houston market under the name "The Wireless Store". The market for the Company's products and services is principally the Texas Gulf Coast Area. The Company signed a letter of intent to acquire 10 stores in Texas and Louisiana.

Financial Summary:
Affordable Telecommunications Technology Corp. serves as a reseller and provider of wireless telecommunication services, paging services, and related services. For the six months ended 6/30/00, revenues totalled $380 thousand, up from $120 thousand. Net loss totalled $498 thousand, up from $224 thousand. Revenues reflect an increased consumer base and greater consumer awareness. Higher loss reflects increased professional and legal fees.

ATTP has already beat 1999 total revenues in just 2 quarters of the Fiscal year 2000: total revenues for 1999 was $295,000. So far this year(after 2 quarters) the revenues are $380,000!!
http://yahoo.marketguide.com/mgi/highlights/A23E1.html" target="_new">http://rd.yahoo.com/finance/mguide/*http://yahoo.marketguide.com/mgi/highlights/A23E1.html
-----------------------------------------

ATTP acquires Cameras Etc and BeeperBoutique:
We asked Steve Bethke, President and CEO of ATTP, to explain this phenomenal growth. Steve told us, "First, the acquisition of Beeper Boutique expanded our retail operations into Louisiana and greater Texas and added 20,000 new customers and second, the acquisition of Cameras, Etc., provided Affordable a foothold in the emerging market of digital imaging services." These two major acquisitions where closed in the second quarter and the Company expects them to fuel considerable growth in fiscal 2000.
http://www.21stcenturymarkets.com/current.htm#art1
http://www.beeperboutique.com

Little more tidbit about BeeperBoutique:
http://www.bizjournals.com/houston/stories/2000/05/29/daily9.html

Affordable Telecommunications Technology Corp. has completed its $560,000 acquisition of Beeper Boutique, a nine-store chain serving 19,000 subscribers with revenues of $3.6 million during 1999. Beeper Boutique, a reseller of paging, messaging and information products and services, owns and operates nine retail stores throughout South Texas and Louisiana. The acquisition of Beeper Boutique expands Affordable's operations to 11 locations and adds four major wireless carriers in its market area.
-----------------------------------------

Latest filing w/SEC:
10QSB filled on August 23rd: http://biz.yahoo.com/e/l/a/attp.ob.html

Latest Press Releases:

Sept 20th:http://biz.yahoo.com/bw/000920/tx_afforda.html

Sept 14th:http://biz.yahoo.com/bw/000914/tx_afforda.html

Sept 12th:http://biz.yahoo.com/bw/000912/tx_afforda.html

Sept 8th: http://biz.yahoo.com/bw/000908/tx_afforda.html
-Affordable Telecommunications Technology Signs Marketing Agreement With WebLink Wireless

Sept 7th: http://biz.yahoo.com/bw/000907/tx_afforda.html
-Affordable Telecommunications Technology Introduces Arch Communications Two-Way Messaging, Wireless E-mail

Sept 6th: http://biz.yahoo.com/bw/000906/tx_afforda.html
-Affordable Telecommunications Technology Forges 3-Year Marketing Agreement With Arch Communications

August 31st: http://biz.yahoo.com/bw/000831/tx_afforda.html
-Affordable Telecommunications Technology Signs Marketing Agreement With Alamosa PCS

August 29th: http://biz.yahoo.com/bw/000829/tx_afforda.html
-Affordable Telecommunications Technology Signs Marketing Agreement with VoiceStream Wireless

August 25th: http://biz.yahoo.com/bw/000825/tx_afforda.html
-Affordable Telecommunications Technology Second Quarter Revenues Increase Over 350%

July 20th: http://biz.yahoo.com/bw/000720/tx_afford_.html
-Affordable Telecommunications Technology Markets Nextel Online Two-Way Messaging Service

July 18th: http://biz.yahoo.com/bw/000718/tx_afford_.html
-Affordable Telecommunications Technology Markets Nextel Worldwide Service
-----------------------------------------
Interview with the CEO held on 7/19/00:
http://www.thestockadvisor.com/attp.htm

here is what it says
7/19/00

INTERVIEW - Affordable Telecommunications Technology Corporation (OTCBB:ATTP)

After the recent acquisitions by Affordable Telecommunications Technology Corporation, TheStockAdvisor was able to interview Steve Bethke, CEO and President of ATTP to discuss plans for these companies.

TSA: Steve, first let me thank you for taking the time to do this interview. What can you tell us about your status with the acquisitions?

STEVE: I am please to have the opportunity to tell our shareholders and potential investors about the integration of the operations of Beeper Boutique and Camera's etc into Affordable Telecommunications Technology Corporation.

TSA: What do these acquisitions mean to ATTP?

STEVE: The acquisition of Beeper Boutique brought us 19,000 one-way pager subscribers who generate monthly reoccurring revenue. It also included nine locations of which eight are located in high traffic malls. The name "Beeper Boutique" is a recognized name in the market. The ATTP management team has spent the past month working to understand the total operation of the company.

TSA: What did you find as you examined the operations and how best to integrate these companies?

STEVE: We found that the one weakness that Beeper Boutique has is that it didn't have the extensive relationships with cellular telephone service and Personal Communications Service providers that ATTP has. We are currently in negotiations with Sprint PCS, Nextel and others to introduce these wireless products and services to the markets outside Houston, which will provide a significant increase in revenues. The plan is to have these relationships in place to take advantage of the up coming holiday sales. We are also are negotiating with an aggressive advertising agency to develop a comprehensive marketing plan in all markets.

TSA: Sounds like you have a plan in place to leverage Beeper Boutique into a significant source of revenue. What can you tell us about the integration of Camera’s etc?

STEVE: The integration of Camera's etc is progressing. This month we plan to introduce wireless products and services to their customers. Plans are to relocate the store to a high traffic freeway location in Pasadena, Texas to better serve our customers. We also plan to upgrade the point of sale system to better capture customer-sale history.

TSA: That sounds great. Acquisitions always require some time to fully integrate and also can be somewhat of a financial drain, at least initially, what is ATTP doing in that regard?

STEVE: We are in negotiations with a number of companies to increase equity funding and lines of credit to grow the revenues of the company. As details become final, we will be releasing information to inform shareholders and investors.

TSA: Does ATTP anticipate any additional acquisitions?

STEVE: In the future, we plan to make other acquisitions of wireless marketing companies who have significant reoccurring revenue subscribers. This will increase our revenue base and provide the vehicle for expanding our markets for all products.

TSA: Steve, it sounds like ATTP is on the right path and that you and the rest of the staff at ATTP are going to be very busy. Thank you for taking this time to provide our readers and your shareholders with an update.

STEVE: It has been my pleasure. I welcome the opportunity to provide our shareholders and your readers with this update on our Company’s status.

Affordable Telecommunications Technology Corp. is positioning itself to see some dynamic returns on their acquisitions and to expand their revenue base. We look forward to seeing the results of these efforts. Visit the company's website at http://www.thewirelessstore.net.
-----------------------------------------

Biography of the executives of ATTP:

Bethke, Steven H., (41) Chairman of the Board, President
Mr. Bethke previously was employed as General Manager of Houston Telephone and Paging (HT&P), from July, 1995 to September, 1996. Prior to joining HT&P, he was employed as a consultant to HT&P from January, 1995 to July, 1995. Prior to joining HT&P as a consultant, he was employed by Everon America, Inc. (which is the North American marketing company for Samson Electronics LTD, a Korean electronics manufacturer, including paging equipment) as North American Sales Manager from August 1994 to July, 1995. Mr. Bethke was Manager of Indirect Distribution with MobileComm (a Bell South company) from June 1993 to August 1994. Prior to that time he was employed as Manager of Distribution for Houston Cellular Telephone Company from November 1988.

George, Norman, (60) Chief Financial Officer, Director
Mr. George, a Director and Chief Financial Officer of the Company, was hired as Chief Financial Officer on September 1, 1998. Prior to joining the Company, he was self -employed with ownership interest in numerous retail companies over the past twenty-five (25) years. He formerly was employed for 10 years by Peat, Marwick and Mitchell as a retail consultant. He is a graduate of the University of Texas with a degree in Finance andAccounting.

Karp, Jane Ellen, (56) Director
Ms. Karp, a Director, is presently President of Karp Development Co., Inc., a real estate development concern in Highland Beach, Florida, involved in the purchase, development, design, and marketing of residential real estate in the Northeast. Ms. Karp also sits on several Boards for various charitable enterprises including Parkinson's Disease and City of Hope Special Projects.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.