Beverly Glen Capital Corporation Announces Name Change to Phonetime Inc.TORONTO--(BUSINESS WIRE)--Dec. 8, 1999-- (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. :PINC PINC Printing Industries of Northern California PINC Permaculture Institute of Northern California (Point Reyes Station, CA) PINC Potential Incident of Noncompliance PINC Programma Instandhouding Nucleaire Competentie .) Beverly Glen Capital Corporation announced that it has changed its name to Phonetime Inc. Shareholders voted in favor of the change at the Company's Annual General Meeting in October. The Company's symbol has changed from BGCC BGCC Boys and Girls Clubs of Canada BGCC Bowling Green Community College (Kentucky) BGCC Boys and Girls Clubs of Calgary (Canada) BGCC Burley Griffin Canoe Club (Australia) to PINC effective immediately. Wayne Silver, President of Phonetime Inc. said the name change is a logical and necessary step. "The name Phonetime places a clear focus and a message to the investment community that we are a telecommunications company See telecom company. ," he said. "The new name accurately reflects our core business, which offers pre-paid, long distance phone cards as well as other telecommunications products and services. We own a high capacity switching network to handle our rapidly growing phone traffic." "Revenues from our telecommunications sector, Phonetime International Inc. has grown at a rate of approximately 300% over the past couple of years and is now in excess of $10,000,000 and we expect our company's revenues will continue growing in the next year. To accomplish our goal, we plan to develop Phonetime's brand name on a wide range of prepaid products. We have also introduced a new stylized styl·ize tr.v. styl·ized, styl·iz·ing, styl·iz·es 1. To restrict or make conform to a particular style. 2. To represent conventionally; conventionalize. Phonetime logo that reflects a more mature company and are launching a new web site www.phonetime.com to reinforce our image. In the months ahead, you will see our site evolve as our company grows with many new and innovative telecommunications products and services," added Silver. Phonetime is an emerging telecommunications company with a Class A International Carrier license from the CRTC CRTC Canadian Radio-Television & Telecommunications Commission CRTC Combat Readiness Training Center CRTC Cathode Ray Tube Controller CRTC China Railway Telecommunications Center CRTC Cold Region Test Center CRTC Continuously Regenerated Trap Column . It incorporates state-of-the-art VoIP (Voice over Internet Technology) for commercial applications, a high-capacity switching platform and an international network of carriers. Phonetime operates a multilingual mul·ti·lin·gual adj. 1. Of, including, or expressed in several languages: a multilingual dictionary. 2. , 24-hour/seven-day-per-week call centre dedicated to phone card customer service and sells its own branded cards under such names as Millennium, Bravo and Nuvo. It also provides phone cards to Blockbuster Canada, Business Depot/Staples, Future Shop and others. Phonetime Inc. shares trade on the CDN under the symbol PINC. Currently there are 30,639,119 common shares issued and outstanding. Web Site http://www.phonetime.com |
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