WOW,did anyone else notice this in the filing about NAG ?? Projected $210,000,000 !!!!!
North American Gateway
We have entered into an agreement to acquire North American Gateway, Inc.(called "Gateway" in this document), an international telecommunications service provider based in Toronto, operating worldwide as a global "Carrier's Carrier" delivering long distance service to other telecommunications companies. This company has primary switching facilities in Toronto, New York City, and London, United Kingdom. Revenues for the last fiscal year were $72,000,000 (CDN--which means Canadian currency in this document), $51,000,000 (USD--which means United States currency in this document) on primarily voice services. These figures are subject to audit, and so may change once audits are completed. Working with Nortel Networks (NYSE: NT), this company has been investing extensively in their own network infrastructure. Remote facilities are being installed, or planned, in approximately thirty countries to deliver voice and data services. As each remote facility is turned on, this company should gain additional revenue and potential profitability. Gateway has projected revenues of $210,000,000 (USD) for their next fiscal year, ending December 2000. It has relationships with telecommunications companies around the world, which should enable our Company, by affiliation with Gateway as a subsidiary of our Company, to enter into new markets internationally, deploying our global data and voice services. Our negotiations and agreements with Gateway, including closing, are pending.