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The Wall Street Bulletin Wed., June 19, 2002 Wall Street Newswire---Symphony Telecom SYPY Upgraded to a Short-term BUY... Our last pick - NVHG - went from .24 to .40 when we featured it May 30...
On the counter, our research and analysis tells us that converging key indicators have positioned Symphony Telecom, Inc. (OTCBB: SYPY) for an up-turn in the current market. For the following reasons we have upgraded SYPY from a hold to a BUY recommendation. 1) SYPY Completes purchase of Directory Management America.com... On August 31, 2000, the company completed
the purchase of 51% of the issued and outstanding stock in Directory
Management America.com. 2) Symphony Telecom, Inc. recently concluded a purchase of Netsoft Canada Inc... ...a software development house focused on the development of leading edge VoIP technology and applications for the global telecommunications marketplace. This acquisition will allow for an extremely cost-effective network build-out. Management expects to begin deployment of its network in June 2002. This network-build will increase profit margins and allow increased flexibility and new product offerings. 3) SYPY completes the acquisition of privately held Linkdata Communications, Inc... ...a London, Ontario data networking company. Linkdata is expecting to report current year revenues of approximately CAN $1.2 million and is growing quickly. Linkdata was one of the first players in the Canadian DSL market and is expected to provide Symphony with an accelerated position in the DSL market.
What is Symphony Telecom? Symphony Telecom Corp. is an international telecommunications company. They are a business to business telecom solutions provider dedicated to delivering all the benefits of the Next-Generation Global Network. Symphony Telecom has positioned itself to become North America's first international Next-Generation Telco, leveraging emerging technologies into a coherent, sophisticated, and user-friendly array of services that are increasingly global. The rapid pace of technological development and the continued deregulation of the global marketplace are the twin forces speeding dramatic changes in the telecommunications landscape. The new technologies driving the revolution in the industry are ATM, (Asynchronous Transfer Mode) DSL (Digital Subscriber Line) and the tremendous growth in "net" infrastructure (intranets, extranets, and the Internet). The new technologies will result in one common common transmission network and switching fabric for voice, fax, video and multimedia traffic. The company's principal operating arm, Symphony Networks Inc., an Ontario Corporation offering toll free and equal access (1+) long distance services as well as internet access via xDSL, ISDN, T1 through OSC3 and fixed wireless solutions. As part of its total solution strategy the company also offers a host of data services, interconnect sales, installation and maintenance of business telecommunications systems, voice processing systems, CTI and IVR systems and a variety of LAN and WAN solutions.
Market Opportunity ATM is revolutionizing the class 5 office and trunking networks promising a doubling in customer revenues while at the same time yielding a reduction in operating cost and capital outlay by a factor of as much as 20. The new technologies will result in one common transmission network and switching fabric for voice, fax, video and multimedia traffic.
Mergers & Acquisitions To gain critical mass, Symphony's principal strategy was to build the business by acquiring, restructuring (as necessary) and operating telecommunications technology companies as subsidiaries owned and promoted by the Company. The strategy is to locate, negotiate with, acquire, and restructure businesses which have developed revenue generating operations (for example, where possible - cut costs, terminate and hire staff, relocate offices and equipment). Key Personnel will be asked to remain on employment or consulting terms for a minimum of six months following each acquisition. In February of 1999 the company acquired 100% of the capital stock of Communication Solutions Group Ltd. operating as Symphony Telecom. Symphony is an Interconnect company providing telephone systems, LAN/WAN, Wireless connectivity IVR & CTI applications for small to medium-size businesses. On August 31, 2000, the company completed
the purchase of 51% of the issued and outstanding stock in Directory
Management America.com.
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This report is an independent newsletter and is not affiliated with Symphony Telecom, Inc.
The Wall Street Bulletin is an independent research firm. This report is based on The Wall Street Bulletin independent analysis but relies on information supplied by sources believed to be reliable. This report may or may not be the opinion of SYPY management. The Wall Street Bulletin has been retained to research and issue reports on SYPY and was paid 250,000 common shares of SYPY by a third party consultant. The Wall Street Bulletin and its owners may from time to time buy or sell common shares in the open market or in private transactions without notice. The information contained in this report is not intended to be, and shall not constitute, an offer to sell nor solicitation of any offer to buy any security; it is intended for information only. Copyright © 2002 The Wall Street Bulletin. All rights reserved.
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