Open $ 0.01 High $ 0.02 Low $ 0.01 52-Wk Low $ 0.00 52-Wk High $ 0.06 P/E Ratio n/a Volume 2,670,300 Market Cap 43,195 Shares Outstand. 2.8990 M
1day 5days 1year Interactive Charting
Company Information
Affordable Telecommunications Tech Corp. The principal activity of the Company is to sell telecommunication products and services through its retail stores located in Texas and Louisiana under the name The Wireless Store. The services of the Company include wireless telecommunications services, paging services and related services. There are 11 retails stores operated by the Company. In 2000, the Company acquired Beeper Boutique Inc and Intergo Co. AFFORDABLE TELECOMMUNICATIONS TECH CORP 6227 South West Freeway Houston TEXAS 77074 Phone: +1 (713) 988-8884 Fax:
Estimates More
Financial Snapshot More
This Fiscal Next Fiscal N/A
2000 1999 Revenue $ 1.5 M $ 294,893 Total Net Income $ -2.0 M $ -473,477 Earnings Per Share $ -1,000.20 $ -2,000.20 EBITDA $ -1.8 M $ -386,088 Long Term Debt $ 289,169 $ 540,987
Current Ratings More
Latest Insider Trades More
N/A N/A
ATCT Affordable Telecommunication (OTHER OTC) 2/16/2005 12:00:00 AM ET
Affordable Telecommunications Technology Completes Reorganization-Shifts Focus to Rapidly Emerging Pre-Paid Telecom Services Market 2/11/2005 11:44:00 AM HOUSTON, Feb 11, 2005 (BUSINESS WIRE) -- Affordable Telecommunications Technology Corp. (Pink Sheets: ATCT) is pleased to announce the completion of the Company's reorganization. By closing its retail outlets and Z-Mail Internet kiosks, overhead operating expenses have been significantly reduced. On October 21, 2004, Affordable Telecommunications Technology (ATTC) signed a Letter of Intent to acquire Everybody's Phone Company (EPC). With the Company's reorganization complete, ATTC is now able to proceed with the acquisition of EPC ( www.epc-us.com) into ATTC as a wholly owned subsidiary, allowing the Company to shift its focus to the rapidly emerging pre-paid telecom services market.
EPC is a Competitive Local Exchange Carrier and a new alternative to the large telecom providers that have been dominating local telephone service markets. EPC leases telephone lines from local providers and resells services to sub-prime credit customers and businesses on a pre-paid basis. The Telecom Act of 1996 permits small companies like EPC to provide these customers with pre-paid telephone service. EPC's business plan emphasizes cost containment and enhancing profitability by utilizing a direct sales force and third-party resellers.
"Through the Houston Apartment Association, we have identified over 126,000 apartment units as a key component of our initial demographic target. We plan to start marketing pre-paid local and long distance telephone services through these apartment complexes to customers as soon as possible. Affordable Telecommunications can reach profitability with as little as a 1% penetration of our target market. We look forward to a very exciting year for our Company," said Steven Bethke, President and CEO of Affordable Telecommunications Technology.
About Affordable Telecommunications Technology Corp.
Affordable Telecommunications Technology Corporation, www.atct.us, is a development stage telecom services company focused on marketing a selection of pre-paid telephone services through its wholly owned subsidiary, Everybody's Phone Company, www.epc-us.com. The Company intends to market these services to customers and businesses initially in the densely populated Gulf Coast region of Texas through a direct sales force and third-party retail stores.
Safe Harbor Statement
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are our estimate of the sufficiency of existing capital sources, our ability to raise additional capital to fund future operations, our assumptions regarding the competitive restructuring and deregulation of the electricity market, competition from utility companies, our dependence on the services of certain key personnel and our ability to manage our growth successfully. In particular, careful consideration should be given to cautionary statements made in the various reports Affordable Telecommunications Technology Corporation files with the Securities and Exchange Commission. The Company undertakes no duty to update or revise these forward-looking statements.
Open $ 0.01 High $ 0.02 Low $ 0.01 52-Wk Low $ 0.00 52-Wk High $ 0.06 P/E Ratio n/a Volume 2,670,300 Market Cap 43,195 Shares Outstand. 2.8990 M
1day 5days 1year Interactive Charting
Company Information
Affordable Telecommunications Tech Corp. The principal activity of the Company is to sell telecommunication products and services through its retail stores located in Texas and Louisiana under the name The Wireless Store. The services of the Company include wireless telecommunications services, paging services and related services. There are 11 retails stores operated by the Company. In 2000, the Company acquired Beeper Boutique Inc and Intergo Co. AFFORDABLE TELECOMMUNICATIONS TECH CORP 6227 South West Freeway Houston TEXAS 77074 Phone: +1 (713) 988-8884 Fax:
Estimates More
Financial Snapshot More
This Fiscal Next Fiscal N/A
2000 1999 Revenue $ 1.5 M $ 294,893 Total Net Income $ -2.0 M $ -473,477 Earnings Per Share $ -1,000.20 $ -2,000.20 EBITDA $ -1.8 M $ -386,088 Long Term Debt $ 289,169 $ 540,987
Current Ratings More
Latest Insider Trades More
N/A N/A
ATCT Affordable Telecommunication (OTHER OTC) 2/16/2005 12:00:00 AM ET
Affordable Telecommunications Technology Completes Reorganization-Shifts Focus to Rapidly Emerging Pre-Paid Telecom Services Market 2/11/2005 11:44:00 AM HOUSTON, Feb 11, 2005 (BUSINESS WIRE) -- Affordable Telecommunications Technology Corp. (Pink Sheets: ATCT) is pleased to announce the completion of the Company's reorganization. By closing its retail outlets and Z-Mail Internet kiosks, overhead operating expenses have been significantly reduced. On October 21, 2004, Affordable Telecommunications Technology (ATTC) signed a Letter of Intent to acquire Everybody's Phone Company (EPC). With the Company's reorganization complete, ATTC is now able to proceed with the acquisition of EPC ( www.epc-us.com) into ATTC as a wholly owned subsidiary, allowing the Company to shift its focus to the rapidly emerging pre-paid telecom services market.
EPC is a Competitive Local Exchange Carrier and a new alternative to the large telecom providers that have been dominating local telephone service markets. EPC leases telephone lines from local providers and resells services to sub-prime credit customers and businesses on a pre-paid basis. The Telecom Act of 1996 permits small companies like EPC to provide these customers with pre-paid telephone service. EPC's business plan emphasizes cost containment and enhancing profitability by utilizing a direct sales force and third-party resellers.
"Through the Houston Apartment Association, we have identified over 126,000 apartment units as a key component of our initial demographic target. We plan to start marketing pre-paid local and long distance telephone services through these apartment complexes to customers as soon as possible. Affordable Telecommunications can reach profitability with as little as a 1% penetration of our target market. We look forward to a very exciting year for our Company," said Steven Bethke, President and CEO of Affordable Telecommunications Technology.
About Affordable Telecommunications Technology Corp.
Affordable Telecommunications Technology Corporation, www.atct.us, is a development stage telecom services company focused on marketing a selection of pre-paid telephone services through its wholly owned subsidiary, Everybody's Phone Company, www.epc-us.com. The Company intends to market these services to customers and businesses initially in the densely populated Gulf Coast region of Texas through a direct sales force and third-party retail stores.
Safe Harbor Statement
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are our estimate of the sufficiency of existing capital sources, our ability to raise additional capital to fund future operations, our assumptions regarding the competitive restructuring and deregulation of the electricity market, competition from utility companies, our dependence on the services of certain key personnel and our ability to manage our growth successfully. In particular, careful consideration should be given to cautionary statements made in the various reports Affordable Telecommunications Technology Corporation files with the Securities and Exchange Commission. The Company undertakes no duty to update or revise these forward-looking statements.
posted
SORRY- I DID NOT KNOW THERE WAS A THREAD ON THIS STOCK.
forest Member posted February 17, 2005 07:24February 17, 2005 07:24 -------------------------------------------------------------------------------- i spoke to trevor burns at tiger capital yesterday... here is an email he sent me...
I am happy to clarify for you the issue of estimated public float of common shares for ATCT. Like you, I was surprised at the volume on Friday but remember, many of Pink Sheet stock trades are "printed" twice so their true volumes are closer to half of the stated amount. As well, activity in a junior stock like ATCT attracts many Day Traders and Market Makers who try to make intra-day trades to catch a move and this also increases the volume significantly.
The total number of issued and outstanding shares for ATCT is 74 million. Of this, 38 million are restricted shares, held primarily by the Management of ATCT and therefore subject to very strict and long hold periods. Of the remaining 34 million, Managed Money accounts and/or Institutional investors, including Tiger Capital and Stock Charter Group, hold 24 million. The other 12 million is what I consider to be the Estimated Public Float, as these represent shares that are held at large by the general investing public. One can debate the definition of public float. To be fair, there are 36 million free trading shares and some people consider this to be the public float. I consider public float to represent those shares that are widely held and/or not tightly held. I have asked Management of ATCT to have their share structure information on their web site changed to show the 24 million shares held by Managed Money accounts and/or Institutional Investors.
With regards to ATCT affecting any kind of share rollback, I would strongly suggest that this would not occur. Firstly, the present number of 74 million outstanding shares does not necessitate the need for any kind of rollback. Secondly, Tiger Capital and Stock Charter Group are working very closely to assist ATCT with any necessary funding and have a very strict agreement in place with the Company that prohibits the issuance of any new shares without the consent of Tiger and Stock Charter and only allows for the issuance of shares in the event of an mutually agreed upon financing for the Company. Given that ATCT’s business model in the pre-paid telephone space calls for only a modest amount of capital because of the rapid return on investment, only a minimal numbers of additional shares would have to be issued and would be issued at prices considerably higher than where the share price is presently. Only when the Company was in a situation two years ago where expenses started to exceed revenues and things got out of whack was the Company faced with the unfortunate situation of having to issue a significant number of shares to keep the Company alive. This ultimately left the Company with no choice but to roll back the shares after so many shares had been issued for cash.
As the press release on Friday indicated, this situation is well in the past. The Company has closed its retail outlets and Z-Mail Internet kiosks and in fact the Company’s operating expenses are now next to zero. With the Company’s focus now on the pre-paid telephone business, there is no need for significant funding as discussed above and thus little need to finance the Company through the issuance of a large number of shares.
I was pleased to see the volume Friday as it allowed those individuals who are not long-term holders/believers of ATCT stock to get out and allowed new investors to get positioned. This helps create a more solid base for the share price and ultimately helps increase the share price. As the Company's story unfolds, more new investors will buy the shares and fewer shares will be available at these prices, resulting in an increased share price due to more demand and less supply.
posted
Just got in this morning....Thanks for pointing it out to me forest.....Think I'm gonna' hold this one for a while..Like what I see.
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The total number of issued and outstanding shares for ATCT is 74 million. Of this, 38 million are restricted shares, held primarily by the Management of ATCT and therefore subject to very strict and long hold periods. Of the remaining 34 million, Managed Money accounts and/or Institutional investors, including Tiger Capital and Stock Charter Group, hold 24 million. The other 12 million is what I consider to be the Estimated Public Float,
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quote:Originally posted by realityinc21: DO YOUR DUE ON THIS ONE FOLKS. IT'S A GOOD STOCK .
Diana, You are so right...I have been reading more on this one and feel as I do with IDTA..... It's gonna' be more than a swing....Deciding to hold some..... Here is what I like and why....
They have reduced their overhead operating expences to next to ZERO operating costs. NO NEED FOR A R/S or Adding shares...
They are aquaring EPC..(HUGE)
Can reach profitability with as little as 1% penetration of the target Market!!!!!!!AGAIN...HUGE! Just 1%!
AND LOW FLOAT....ONLY 12,000,000 Do you all know what a good stock with a low float can do? If not.......Just watch this one. It's gonna' get noticed and once it does......I'm gonna' make BIG BANK!
Just My OPINION! Do not buy based on my opinion......Read all you can and make you're own decision. I have and I'm stickin' to it.. LOL
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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Affordable Telecommunications Technology Completes Reorganization-Shifts Focus to Rapidly Emerging Pre-Paid Telecom Services Market Friday February 11, 11:44 am ET
HOUSTON--(BUSINESS WIRE)--Feb. 11, 2005--Affordable Telecommunications Technology Corp. (Pink Sheets: ATCT - News) is pleased to announce the completion of the Company's reorganization. By closing its retail outlets and Z-Mail Internet kiosks, overhead operating expenses have been significantly reduced. On October 21, 2004, Affordable Telecommunications Technology (ATTC) signed a Letter of Intent to acquire Everybody's Phone Company (EPC). With the Company's reorganization complete, ATTC is now able to proceed with the acquisition of EPC (www.epc-us.com) into ATTC as a wholly owned subsidiary, allowing the Company to shift its focus to the rapidly emerging pre-paid telecom services market. ADVERTISEMENT
EPC is a Competitive Local Exchange Carrier and a new alternative to the large telecom providers that have been dominating local telephone service markets. EPC leases telephone lines from local providers and resells services to sub-prime credit customers and businesses on a pre-paid basis. The Telecom Act of 1996 permits small companies like EPC to provide these customers with pre-paid telephone service. EPC's business plan emphasizes cost containment and enhancing profitability by utilizing a direct sales force and third-party resellers.
"Through the Houston Apartment Association, we have identified over 126,000 apartment units as a key component of our initial demographic target. We plan to start marketing pre-paid local and long distance telephone services through these apartment complexes to customers as soon as possible. Affordable Telecommunications can reach profitability with as little as a 1% penetration of our target market. We look forward to a very exciting year for our Company," said Steven Bethke, President and CEO of Affordable Telecommunications Technology.
About Affordable Telecommunications Technology Corp.
Affordable Telecommunications Technology Corporation, www.atct.us, is a development stage telecom services company focused on marketing a selection of pre-paid telephone services through its wholly owned subsidiary, Everybody's Phone Company, www.epc-us.com. The Company intends to market these services to customers and businesses initially in the densely populated Gulf Coast region of Texas through a direct sales force and third-party retail stores.
Safe Harbor Statement
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are our estimate of the sufficiency of existing capital sources, our ability to raise additional capital to fund future operations, our assumptions regarding the competitive restructuring and deregulation of the electricity market, competition from utility companies, our dependence on the services of certain key personnel and our ability to manage our growth successfully. In particular, careful consideration should be given to cautionary statements made in the various reports Affordable Telecommunications Technology Corporation files with the Securities and Exchange Commission. The Company undertakes no duty to update or revise these forward-looking statements.
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