ComTec International Inc. signs agreement with Telecosm & Associates.DENVER--(BUSINESS WIRE)--July 16, 1996--ComTec International Inc. (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. :NTEM), formerly known as Nattem USA Inc., announced today the company has signed an agreement with Telecosm & Associates L.C., a Texas limited liability company. Telecosm is the beneficial owner Beneficial Owner A person who enjoys the benefits of ownership even though title is in another name. Notes: For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial of SMR (Specialized Mobile Radio) The communications services used by police, ambulances, taxicabs, trucks and other delivery vehicles. Throughout the U.S., approximately 3,000 independent operators are licensed by the FCC to offer this service, which provides always-on management and option agreements controlling upwards of approximately 2,119 SMR YX and GX channels. This agreement enables Telecosm to realize its desire to complete the process of construction, loading and management of those 800 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. SMR channels and also to begin developing a wireless system. Telecosm has indicated that the channels cover portions of 36 states, the Virgin Islands and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. . In addition, the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. (FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. ) has begun the release of granted YX trunked licenses to those applicants who were subject to the August 1994 imposed freeze on the filing of YX applications. It is expected that Telecosm may benefit from additional management and option agreements for YX channels. Donald Mack, president and chief executive officer, stated: "This acquisition, combined with other SMR acquisitions ready to close this month, will give ComTec complete management control of over 4,700 YX and GX licenses and channels in densely populated areas throughout the United States. This will rank the company as a major operator in the still-emerging SMR industry. Construction of these licenses is planned to start within the next 6 months with anticipated services being offered within the next year." In addition to these significant acquisitions, ComTec is currently negotiating with a worldwide, billion-dollar leader in engineering and construction of large-scale projects relative to a partnership/joint venture agreement. This relationship will allow ComTec to begin the construction of hundreds of SMR channels this year with the addition of this engineering firm's expertise in the design and architecture of advanced radio systems and their worldwide professional staff. Mitchell Chi, 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. stated: "All of our employees have worked extremely hard over the last six months to position ComTec as a national competitor in the SMR marketplace. With respect to this newly developed relationship, our professional staff feels this has finally arrived. In addition, all of our SMR license holders will realize the full potential of their investment and vision in the Wireless Communications Industry in the near future." ComTec International is a development-stage company formed to acquire, develop and market communication technologies and wireless services in the SMR, satellite uplinking and other related communications arenas. The company has agreements to manage over 4,700 YX and GX licenses and channels throughout the United States. Through ComTec's Internet video production company, John Sandy Productions Inc., interactive games on the Internet and CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). are being developed in the M-PEG format using real video footage and advanced video compression methods. CONTACT: ComTec International Inc., Denver Donald G. Mack or Mitchell B. Chi, 303/743-7983 |
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