Covista Considering Equity Investment.Business Editors LITTLE FALLS Little Falls is the name of some places in the United States of America:
Covista Communications, Inc. (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 Symbol: CVST CVST Chinese Visiting Scholars in Toronto (Canada) ) announced today that on February 1, 2001, it's Board of Directors had approved, in principle, the private sale of additional equity to raise up to $8 million. The funding for the proposed investment is anticipated to come primarily from the current Chairman of Covista's Board, the Company president and an unaffiliated third-party. The proposed transaction is subject to the approval of shareholders at a Special Meeting, which the Company expects to convene by the end of March. About Covista: Covista Communications, Inc., headquartered in Little Falls, New Jersey Little Falls is a Township in Passaic County, New Jersey, United States. As of the United States 2000 Census, the township population was 10,855. Little Falls was incorporated as a township by an Act of the New Jersey Legislature on April 2, 1868, from portions of , is a facilities-based provider of voice, data and Internet solutions to commercial and wholesale carrier markets. Covista began operations in 1983 as TotalTel, Inc., one of the first companies to enter the long distance business after federal deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. . In July 2000, the Company changed its name to Covista to reflect its position as a leading provider of integrated communication solutions to businesses in the northeast United States. |
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