thanks for the pats on the head, ward. so good to hear from you.it's down from yesterday's close...but may still have some life in it. u think? anyway, here's some info i found....
Beav
Telecommunications Products Inc.
RECENT NEWS:
OTC Financial Network Issues Favorable Report on Telecommunication Products, Inc.
Telecommunication Products to Acquire $3.6 Million Cable Operator Eagle West Communications Inc.
Monday March 1, 6:30 am ET
OVERVIEW
Telecommunication Products, Inc. (Telpro), headquartered in Beverly Hills, is a provider of data-compression and visual-technology solutions supported by Web-based back office systems. This technology delivers DVD-quality images via traditional cable network, satellite, and Internet-delivery channels. In addition, Telpro provides pay-per-view and free-to-guest television service in small hotels nationwide and in the Caribbean.
The company was established as a developer of data compression technology.
While successful through the production of video-conference and “NetMeeting”-type software that worked on both internet and traditional networks, the marketplace proved itself as immature. Profitable revenue-led operations in this market segment remain elusive to even the big players such as AOL Time Warner and Microsoft.
TCPD had in fact been too early to market with their products. The recent turbulence of the software business and related stock market instability demonstrated that any company with a long-term vision needed a “back-to-basics” approach.
TCPD met this challenge with the fusion of new technology and traditional business principles of cost efficient operations and profitability.
The acquisition of Hotel Movie Networks, Inc. in March 2003 provided a revenue to the TCPD from an operations infrastructure and an extensive network of contractors throughout the United States to both deploy new technology and expand product lines for our core products.
TCPD has successfully integrated proprietary new technology with a highly competitive business model for the provision of Guest Entertainment systems and services and has the solid foundation necessary to survive the turbulence of today’s global economy.
One of TCPD's ventures is Video On Demand. This is an Internet enabled video player, with all the traditional VCR or DVD player functions, but with far superior attributes. The quality of the video remains consistent, regardless of the end user's Internet connection.
TCPD's Film Viewing Environment allows the customer to use standard buttons, such as stop, pause, rewind, and fast-forward, and the viewer easily adapts to the TCPD Player. In addition, the viewer has sound, full-screen, and hide buttons that can be adapted to PC, Smart TV and Set Top Box.
CORPORATE SUMMARY
Telecommunication Products Inc (OTCBB: TCPD) is a provider of high end digital satellite television, high-speed Wireless Internet services to the hospitality and multi-dwelling unit (MDU) marketplace. It is focused on expanding on its current 8,000 room pay per view video on demand product, to include services to multi-dwelling -units (MDU's), both to the US, and international markets. The company has partnered with Echostar, a world leading provider of programming, to deliver this next generation of home viewing and entertainment service.
THE MULTI-DWELLING UNIT MARKET
The total number of MDUs in the United States exceeds 26 million units. The Yankee Group has estimated that the potential revenue opportunity for supplying video, data and voice services to U.S. residential MDUs to be about a $200 billion annual revenue opportunity.
A number of factors contribute to the emergence of this enormous opportunity. First, the "monopoly" providers, such as cable television operators, whom have historically served this market, are using outdated analog technology for the most part. Thus, there have been limited digital cable services available to the residents living within these buildings. Second, the relationships between the property owners and managers that control access to these properties and the monopolistic suppliers providing the service have been significantly strained over the past 15 years. Third, advancements in communications and information technology have created an enormous demand within these properties for new state-of-the-art services, such as digital satellite television and high-speed Internet services. Fourth, a significant regulatory shift has created an environment where competition is fostered and encouraged.
THE RESORT/HOSPITALITY MARKET
TCPD's wholly-owned subsidiary, The Hotel Movie Network (HMN), currently services over 50 hotels and 8,000 rooms nationally and internationally to guests. The Company has consistent revenues from these properties and the relationships with the property owners allows us to vertically integrate services to their properties. Whether is be digital cable, high speed internet services, or Wireless Fidelity (Wi-Fi).
BUSINESS
TCPD installs and operates comprehensive hotel entertainment systems (movies, interactive guest services) in hotels, resorts and multiple dwelling properties (MDU). Cost efficiency measures and Project Management enable TCPD and their subsidiary Hotel Movie Networks to install, sell and provide Pay Per View (PPV) and Pay Per Stay/Free-To-Guest (FTG) cable/satellite television programming at highly competitive per room cost.
TCPD, through it’s acquisition of Hotel Movie Networks (HMN) holds contracts with many of Hollywood's major studios to provide first and second window (hotel/airline and video rental) movies. Products are supported by an established network of professional deployment and maintenance teams across the United States backed up with state-of-the-art remote management facilities.
The TCPD products are fully integrated with the hotel Property Management (PMS) and Back Office Billing Systems which manage collection, minimize administration and optimize revenue for both TCPD and their customers. Seamless interfaces with the back office component of Hotel and Property Management operations permit TCPD to debit to the Guest/Resident Account in the Property Management System (PMS) directly thus ensuring accurate and timely collection for services utilized.
TCPD’s Direct to guest products include Video-On-Demand, Free to Guest and Digital Satellite Television products and cable connection systems.
MANAGEMENT
Chief Executive Officer
Robert Russell the Chief Executive Officer of Telpro manages the overall business affairs of the company. He is a native of Northern Ireland and attended Damelin College in South Africa, where he obtained a National Diploma in finance and management sciences. Mr. Russell spent over ten years working in the leisure and entertainment industry, including service as Managing Director of Selective Leisure Holdings, where he directed South African operations in hospitality and accommodations, in addition to a deluxe casino and entertainment complex. Mr. Russell expanded the entertainment and casino operations to build a highly profitable chain of eight entertainment complexes spread throughout the region with annual revenues exceeding US $64 million. During this period, he was instrumental in the deployment and successful development of technology programs, which underpinned security, financial and state of the art communication and conference systems. In 1995, he purchased the entertainment and casino operations from the Intercontinental Hotel group for the Caribbean nation of the Dominican Republic. In 1998, Mr. Russell sold his interests in the entertainment industry to concentrate his efforts upon development of Interleisure's business.
LINKS
RECENT NEWS
For a complete investor package please go to: http://www.otcfn.com/tcpd/
Interview Transcript
Tom Allinder interviews Robert Russell, CEO of Telecommunications Products, Inc. (OTCBB-TCPD)
Tom: Hello and welcome to ************.com. My name is Tom Allinder. Today our guest is Robert Russell. Mr. Russell is the Chief Executive Officer of Telecommunications Products, Incorporated. Telecommunications Products, Incorporated trades on the OTCBB market under ticker symbol TCPD. Before we go into the interview, we need to cover our disclaimer.
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Robert, you’re coming to us from Ireland today; how are you doing?
Robert: I’m fine, Tom. Thanks.
Tom: Can you give our listeners a brief overview of the business of Telecommunications Products, Incorporated?
Robert: Yes. Telecommunications Products, Incorporated is a company that provides video on demand and digital programming to the hospitality industry.
Tom: Okay. In the news recently, you detailed the possible acquisition of Eagle West; when do you expect that to be finalized?
Robert: We expect that to be finalized in late-April.
Tom: Okay. What does the acquisition of Eagle West – what is that going to mean to TCPD?
Robert: That’s a significant event for TCPD once it closes. We expect big things to come out of that because not only does it have 8,000 subscribers, it actually passes 16,000 homes.
Tom: They’re also doing – I believe it’s $3.6 million in revenue; is that true also?
Robert: Yes. $3.6 million in revenue and we will offer our Wi-Fi solutions to the existing subscribers.
Tom: Okay. Can you tell us about your programming and its use in your business?
Robert: We actually have an agreement – actually a master programming agreement with the DISH Network, which we actually purchased from DISH Network and then supplied to our subscribers, so we actually leverage our business through DISH Network.
Tom: Okay. What about competitors? What sets your business apart from the competition?
Robert: We’ve got one main competitor and our main competitor is LodgeNet; it’s a publicly traded company on the NASDAQ stock exchange. We believe actually we can deploy our technology a lot cheaper than what they can at the moment.
Tom: As far as your current business development, can you tell us what you’re working on now and possibly what you might have as far as the future is concerned?
Robert: As you know we announced, Tom, that we have submitted our offer to purchase Eagle West Communications and that is just one of the many we have been looking to acquire and build up over the next several years.
Tom: Okay, that will go to my acquisition question I’ll have here for you in just a couple of minutes. One of the biggest things for TCPD is the fact that you recently moved from a developmental-stage company to an operational company; can you comment on this?
Robert: Yes, in the quarter ending September 30, 2003, the company went from development stage to an operational company so we’re actually showing revenues at the moment and growth.
Tom: Okay. What about the future? Could you give us some figures – I know this is a delicate subject, but could you give us some figures on what you might expect in the future in the way of revenues?
Robert: I can’t really say very much but all I can tell you is that we’re actually in 8,000 rooms at the moment and the company will be growing to in excess of 20,000 rooms by the year end, plus the Eagle West acquisition.
Tom: Okay. A stock question with regards to the ticker TCPD – how many shares are outstanding and what’s in the public float?
Robert: There is 48 million shares outstanding as reported in our quarterly filing last month, of which 11 million are in the float.
Tom: All right. What about financing? How well is the company financed to continue operations and to continue to grow?
Robert: The company’s got a $5 million credit facility and we’ve got significant funds available for the company to grow.
Tom: What about acquisitions of other companies; do you have any plans beyond Eagle West?
Robert: Yes, we have plans. This is part of our strategic growth with the subscriber base customers and multi-dwelling units.
Tom: Now, this may be a bit of sensitive thing too, but the stock has moved nicely over the last couple of days, since Monday and Tuesday of this week; would you care to speculate why?
Robert: No, I don’t know why. It’s probably because we announced our possible acquisition of Eagle West.
Tom: Okay. Now what about company goals; where do you expect to see your company within say the next two years?
Robert: The next two or three years we expect to build the company into 100,000 subscribers through our hospitality sector or multi-dwelling unit sector.
Tom: Why is Telecommunications Products, Incorporated a good investment, Robert?
Robert: It’s a good investment because it’s actually the market sector we’re in where, as you can see, digital subscribers are growing like DISH Network and DirecTV. I mean, they’re in the same space as us; obviously we’re a lot smaller.
Tom: Okay. Robert, finally, where can investors go to get more information on TCPD?
Robert: You can go to www.otcfn.com/tcpd/ or you can visit our website, www.tellapro.com.
Tom: All right, Robert. We want to thank you very much for taking the time to do the interview all the way over there in Ireland this afternoon. We certainly appreciate the time and the info on Telecommunications Products, Incorporated.
Robert: Okay. Thanks very much, Tom.
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