C.COM acquires LatCom International to market VisTel debit card to worldwide Hispanic community.HOUSTON--(BUSINESS WIRE)--Nov. 20, 1996--Charter Communications International Inc. (C.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. ) (CHTD CHTD Chartered (of business entities) on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. ) (http://www.c-com.net), Chief Executive Officer David G. Olson (contact dolson@c-com.net) today announced the acquisition of LatCom International, the developer and marketer of the Hispanic-oriented VisTel telephone debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. . Olson stated that LatCom will manage C.COM's marketing of the VisTel debit card in the domestic Hispanic sector and throughout Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . "LatCom's debit card expertise has created a strategic opportunity domestically, and C.COM's dynamic communication links to Latin America enable us to launch the VisTel debit card platform to the worldwide Hispanic community," said Olson. The LatCom Marketing Network The LatCom principals, John M. Wise, president, and Christopher Smith, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , noted that C.COM subsidiary Overlook Communications International Corporation (OCI OCI Oracle Call Interface OCI Organisation de la Conférence Islamique (French: Organization of the Islamic Conference) OCI Other Comprehensive Income OCI Office of the Commissioner of Insurance OCI Organizational Conflict of Interest ) is the long distance carrier for the VisTel card, and the unique mix of C.COM's resources gives LatCom the ability to both extend its domestic presence and originate calls within Latin America for the first time. Wise said, "The calling card marketplace is robust and extremely competitive. LatCom has established a successful distributor network that focuses on hands-on service to retail outlets in select areas with substantial Hispanic populations." The C.COM Operating Network As part of C.COM, LatCom joins OCI and WorldLink Communications, Inc., another C.COM subsidiary and specialty debit card marketer, in maintaining principal offices in Atlanta, Ga. "C.COM is building a remarkable core of complementary organizations with aggressive business operating plans and diverse products and services. This is an environment in which entrepreneurial professionals are encouraged to excel, and each of us pursues those things that we do best," said Smith. C.COM Telecommunication and Internet Links Charter Communications International, Inc. (http://www.c-com.net, information at rames@c-com.net) is a developer of satellite telecommunication and electronic commerce services. C.COM is headquartered in Houston, Texas, and has subsidiary offices in Atlanta, Georgia, Panama, Venezuela and Peru, and maintains operations in Mexico, Honduras, Guatemala and the Dominican Republic. CONTACT: C.COM Richard Ames, 800/296-2066 ext. 305, rames@c-com.net http://www.c-com.net |
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