Cybertel Communications Corp. Ranks Among Top 8 OTC Companies in Share Price Percentage Gains with Progress on Internet Telecommunications Network and Continued Revenue Growth.LA JOLLA La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and , Calif.--(BUSINESS WIRE)--Nov. 3, 1999-- Cybertel Communications Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYTP) has been recognized as one of the top 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. companies in both percentage gains and trading volumes by EquityAlert.com, following coverage of the Company initiated by SmallcapNewswire.com for its subscribers on September 7, 1999. Cybertel Communications had one of the highest percentage increases in share price among Bulletin Board companies with a gain of 43.91% in yesterday's trading. The company also ranked 6th in volume with 641,600 shares traded, the greatest amount ever in company history. Cybertel is a La Jolla, Calif.-based Voice Over the Internet (IP) Telephony Company. The company has made substantial progress in the building of a state-of-the-art Internet Telephony Another term for IP telephony and VoIP. In the late 1990s, some people made a distinction between Internet Telephony and VoIP: Internet telephony referred to voice over the public Internet, while VoIP referred to voice over private IP networks. network in the Western U.S. that will interconnect with a national IP network to deliver Voice Over the Internet long distance to all 50 states. The company is currently finalizing a significant financing package which will allow for establishing additional gateways designed to bring in new customers, increase profit margins, and offer greater flexibility in pricing. In July, Cybertel Communications Corp. signed on as the first carrier for Bell Atlantic's (NYSE NYSE See: New York Stock Exchange :BEL) VoIP access service. When Bell Atlantic's VoIP platform is completed, Cybertel will be able to deliver Internet-based telephone calls to the East Coast from anywhere in the world. Cybertel's strategic alliance with TeleFreedom USA Inc. utilizes TeleFreedom's 5,000+ professionally managed salespeople to promote Cybertel's IP-based long distance at a flat monthly rate. Cybertel's confidence in TeleFreedom is bolstered by the success of their stellar management team. TeleFreedom's president Tom Norfleet was the executive in charge of a sales organization that brought more than three million customers to Sprint (NYSE:FON Fon People of southern Benin and adjacent parts of Togo. They speak a dialect of Gbe, a Kwa language of the Niger-Congo language family. Numbering about 3 million, the Fon are mainly farmers. ) from 1986 to 1989. It is anticipated that by the end of the year, TeleFreedom should be bringing on approximately 50,000 new customers monthly to the Cybertel program. Within the next 12 to 18 months, CYTP's customer base is expected to exceed one million customers. With a conservative average spending of $40/month or $500 per year, a customer base of this magnitude should generate over $500 million in sales revenues on an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis. Additionally, all of Cybertel's filings to become a fully reporting company have been approved. With its fully reporting status, CYTP is in compliance with the mandated rule for OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). companies to maintain its current exchange listing, but will continue its push for a listing on one of the major exchanges. A complete corporate profile for Cybertel Communications Corp. may be found at http://www.SmallcapNewswire.com. Please also visit Cybertel's web site at http://www.cybertelcorp.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained in this release which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control, delays in development and testing of products, and fluctuations in demand for the products and services of the Company. |
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