Tuesday, October 15, 2019 9:59:55 AM
https://www.otcmarkets.com/stock/QBAN/news/October-2019-Corporate-Update?id=243268
Dear Shareholders,
The acquisition of Advanced Satellite Systems, Inc. has been successfully integrated into Telco Cuba. We have successfully moved our corporate headquarters to Ormond Beach, Florida where Advanced Satellite Systems, Inc. is located and are now embarking on a 90 to 120-day corporate restructuring plan. The company is currently looking for viable board of director candidates who have a background in telecommunications and/or cable television. We expect to have a new board of directors in place by the end of the 1st Quarter 2020.
Telco Cuba is also searching for a qualified Chief Financial Officer to aid the company in its growth strategy. The companys intended corporate restructuring will improve its corporate processes, help the company reach stated goals, and provide the human capital needed to implement practical and unique solutions as the company fulfills its own version of its manifest destiny.
Telco Cuba, Inc. recently signed an agreement to start the process of filing an SEC Form 1-A. Form 1-A offerings are often referred to as Reg A offerings. The proceeds of the Form 1-A securities registration statement are intended to fund acquisitions and to retire the last remaining convertible notes. More on the filing of the Form 1-A statement will be made available as it evolves from the drafting to registration stage.
Advanced Satellite Systems is successfully continuing its infrastructure overhaul. The company has successfully installed fiber connectivity to 3 service areas and will continue to roll out fiber connectivity to its other service areas in the coming months. The improvement in bandwidth which the fiber connectivity affords enables Advanced Satellite Systems to providing HD and 4K IPTV services as well as improved internet speeds.
During the past few months the company signed an agreement with MobiTV. MobiTV is an infrastructure provider of IPTV services tailored to independent cable tv and internet service providers. Their business model, enables advanced satellite systems to leverage their infrastructure in providing IPTV, pay per view, and DVR services to our customers whilst keeping Advanced Satellite Systems existing contracts with networks intact.
As a company, and in line with our stated transitioning of rebranding the company as Wireless Florida, Advanced will be concentrating on providing Internet services first, with a portfolio of services that will bring value to its internet offerings. TV is but one of the services that will be made available to customers.
Advanced Satellite Systems has gone through a three-month new billing system roll out. The new billing system provides the company with improved billing mechanisms, enables better reporting and allows for growth. A companion website, with the ability for customers to manage their accounts will be made available by the end of October, 2019.
This past week, our data centers fiber connection was activated, enabling Advanced Satellite Systems to move forward with its initiatives to grow its subscriber base.
Lastly, Telco Cuba, Inc. is carefully considering several acquisition targets and will make more information available in due time.
Telco Cuba, Inc. would like to thank its shareholders for their patience while we continue to strive to achieve our goals.
Thank You,
William J Sanchez
President & CEO
Telco Cuba, Inc.
william@telcocuba.com
(305) 747 - 7647
DISCLAIMER: Anything that I may post should be viewed as a personal opinion. Do not misconstrue these opinions as investment or trading advice. All posts are for entertainment purposes only!
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