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TRIMAX CP (U-TMXO) - News Release Trimax Subsidiary Multi-Source Inc. Receives Outline for First Phase of South American Deployment and Proceeds to Final Stage in Securing $100 Million Contract
2006-06-15 08:00 ET - News Release
TORONTO -- (MARKET WIRE) -- 06/15/06
Trimax Corporation (OTCBB: TMXO), a leading provider of Broadband over PowerLine (BPL) communication technologies, announced today that its recently acquired subsidiary Multi-Source Inc. ("MSI"), an international BPL systems integrator, received complete infrastructure details of its projected phase one deployment from a State owned Utility in South America.
The initial phase incorporates MSI's Measurement's Canada approved integrated Automatic Meter Reading (AMR) solution that utilizes MSI's Powerline communications technology. Three separate contracts are being negotiated with government owned Utilities for services including AMR. After formal presentation to the federal governing body, the Utility received approval to proceed with regard to the finalization of contracts. According to MSI Directors based in South America, due process is only a few weeks away and once contracts are secured, Trimax/MSI are confident that roll out will be swift and revenues are expected to commence within 90 days.
Based on the market and the Scope of Work being negotiated, the Automatic Meter Reading contracts and Energy Savings will represent estimated revenues in excess of $100 million as well as additional recurring annual revenue for the services components. The company will also realize annual recurring revenues from value added services. These South American initiatives will serve as a model for utilities in other countries, including North America, to reference.
Mike Spasov, Chief Operating Officer of MSI stated, "We are excited about recent developments in our contract negotiations. The final agreements are now very close to being signed. This deployment will enable us to confidently demonstrate our solutions on a large scale to the utilities and communication firms from around the world that we have been in discussions with."
Other developments in South America include MSI's joint venture plan to develop a 5-year BPL initiative that will deploy triple-play Video, Voice and Data over the utilities electrical infrastructure. The utility will be providing Regulatory, Engineering, Legal, and Marketing resources while MSI will be providing Technology, Operations and Network Management.
Broadband over Powerline technology has been receiving increased recognition from emerging markets as the technology can deliver required services with superior performance without the expense of new infrastructure costs such as cabling. Broadband over Powerlines continues to experience substantial growth and recognition worldwide. Trimax/MSI looks forward to delivering its low-cost, high-bandwidth triple-play solutions to underserved and emerging markets.
About Trimax/MSI
Trimax/MSI is a leading provider of Broadband over PowerLine communication technologies. BPL is a disruptive communications technology that turns the existing ubiquitous powerline infrastructure and common electrical wiring in commercial and residential buildings into a high-bandwidth network. Trimax/MSI specializes in the development, distribution, implementation, and servicing technologies that use the power grid to deliver 128-bit encryption high-speed symmetrical broadband for data,
Posts: 5120 | Registered: Jun 2004
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Why do you keep posting stocks on this thread that are WAY above .10? Could you please post in the right board and stop wasting our time.
Posts: 2132 | Registered: Sep 2004
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Wow.. wasting our time? That's a little harsh, isn't it? Plus, they took out the 'over .10' forum so where would you like him to post? Personally I like seeing what he's posting, since his track record is pretty darn good.
But this is a good reminder to put the price of the stock in the title when opening a new thread!!!
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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quote:Originally posted by amswap: Why do you keep posting stocks on this thread that are WAY above .10? Could you please post in the right board and stop wasting our time.
Quit reading my post... enought distraction little boy grow up and go back to mama....
Posts: 5120 | Registered: Jun 2004
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Nothing rude about it. This board says for stocks under .10. That's all. Wasn't trying to be rude. I figured they put this board as under .10 for a reason. Maybe they need to change the name of the board. There are so many postings lately that are 1.00 and higher in this board and that isn't what this one is for. Not my problem where he posts. I know he has had some good posts and has a great record, but that doesn't excuse that this is still a .10 and under board. If you could read the board titles as well as you read the charts, we wouldn't be discussing it would we? Prdponce, don't post in the wrong board and I won't read it. You are the only distraction here, posting what shouldn't be posted.
Posts: 2132 | Registered: Sep 2004
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Well maybe this particular forum should be ".99 and under". There are ALOT of people that post stocks over .10.
Like someone suggested a few days/weeks ago. If everyone just put the price of the stock in the title when they start a new thread, maybe you won't get so pissy about this. Other than that.. get educated
Prdponce.. please don't stop posting any of your picks!
Like that old saying goes... 'he can get glad in the same pants he got mad in'.. personally, I watch/track your picks.. and this is the only thread, besides the splits thread, that I read. Thanks!
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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