FUENGIROLA, Spain,
/PRNewswire-FirstCall/ Spantel
Communications, Inc. (OTC Bulletin Board: SPAL), a provider of
telecom
services within Spain, announced today that it has expanded its network
capabilities and will begin operations into the lucrative sector of
pre-paid
calling cards on February 2, 2004. The company recently installed the
equipment to route the calls for this division and have made the necessary
adjustments so it would be compatible with Spantel’s proprietary billing
system. With the
pre-paid calling card market in Spain is estimated to be in
Euro 250,000,000 ($300,000,000), it is projected that this division will
become an integral component in Spantel’s growth strategy.
Spantel’s president, Jose Ramon Basterra, said, «Our entry into this
sector is pivotal in our overall business strategy. As Spain is one of the
most frequented travel destinations within Europe, the pre-paid calling card
will be welcomed by both the business and leisure traveler in meeting their
telecommunications needs. The pre-paid calling card will also appeal to the
general population as a way of saving money through a lower rate structure and
as compared to the long distance rates currently charged to their mobile
phone.» He went on to say, «We expect the revenues generated by calling cards
will greatly enhance our current financial position and quite possibly surpass
land line revenues in a short period of time.»
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By DOUG HOWARD
When looking at long distance telephone bills, it pays to read the fine print.
„People need to pay as close attention to their phone bill as they do their credit card statements,“ advises Mike Earley, long sales manager at Indiana Telephone Network/Sugardog in Monticello.
With the increase in the past few years of telemarketing, consumers can add the watch words „slamming“ and „cramming“ to a growing list of everyday technical jargon.
„With ‘Slamming’, your long distance has been changed without your permission,“ Earley explained. „It’s actually a deliberate attempt to steal service from a competitor.“
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PEARL RIVER, N.Y. (BUSINESS WIRE) Provo International Inc. (AMEX: FNT), today announced that it has closed a $1 million gross proceeds financing through a private placement of convertible notes to institutional and accredited investors. Provo intends to use the net proceeds to purchase additional inventory for its Provo Mexico subsidiary, as well as for working capital, debt repayment and to strengthen its balance sheet for long-term growth. The Company anticipates that by increasing its inventory of pre-paid phone cards in Mexico, it can satisfy the growing demand for this product and significantly increase its sales revenues. Berry-Shino Securities Inc. served as placement agent for the transaction.
Commenting on the value of this transaction, Ventura Martinez del Rio, Sr., Chairman of Provo International, Inc. stated: «The Provo pre-paid phone cards are very popular in Mexico and it is critical that we increase our inventory in order to keep pace with the growing demand. We believe that these additional resources will allow us to do just that and should result in a significant increase in annual sales.»
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Northern Colorado residents are fed up with paying long-distance rates for calls to communities only a few miles away, and they want changes.
Those proposed changes could boost phone bills for customers statewide, however.
Officials from Fort Collins, Loveland, Greeley and 14 other northern communities have asked state regulators to lump them into a single local calling area.
Calls between many communities within Larimer and Weld counties are considered local. But cross the county line with a call, and long-distance rates apply.
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