Austin, TX 12/13/2007 11:32:13 PM
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Cybertel Capital Corporation (OTCBB: CBEL) (Wed, December 12, 2007, 9:00am ET) Cybertel Capital Corporation Board of Directors has announced the Company has signed a Non-binding Letter of Intent to acquire the Portland, Oregon based telecommunications company TeleDigit, Inc. The pending transaction will acquire a minimum of eighty percent (80%) ownership of TeleDigit, Inc. as a subsidiary of Cybertel Capital Corporation.
"Over the past ten years TeleDigit has had progressive growth every year and we look forward to its continued growth in the future," states Jim Wheeler, CEO of Cybertel Capital Corp. "The acquisition will add TeleDigit's existing business which will produce approximately 1.5 million dollars in revenue for 2007."
The transaction will include a business and funding plan to expand the growth of TeleDigit, Inc.'s current service offerings, as well as to introduce additional service offerings to the existing market that TeleDigit, Inc. provides, such as Data and Wireless networking and integration and engineering, providing a full scope of Telecommunication and Data networking to include: Voice Over IP (VoIP), Telecom and data equipment sales and service, Wireless equipment sales and service, including integration and engineering services.
"We feel TeleDigit has positioned themselves well in the communication field. 2007 revenues will be about $1.5 million and with the additional services that CBEL plans on bringing in with other new acquisitions we will continue the expansion of the existing services. We feel additional growth potential is extremely high," stated Jim Wheeler.
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GoFish Corporation (OTCBB: GOFH) (Wed, December 12, 2007, 8:30am ET) GoFish Corporation, a leading Internet video and youth entertainment network, today announced that it has revised upward its previously announced revenue projections for the fourth quarter and full year of 2007. For the fourth quarter ending December 31, 2007 the company now projects revenues to be in the range of $1.1 million to $1.3 million compared to the Company's previously-announced projections in the range of $750,000 to $950,000. Based on these projections, the Company now projects revenues for the fiscal year 2007 to be in the range of $1.6 million to $1.8 million compared to the Company's previously-announced projections in the range of $1.29 million to $1.49 million.
The fourth quarter revision was prompted by higher than anticipated advertising sales across GoFish's youth-focused network of owned and affiliate sites.
"Our revised projection is due to the efforts of our sales organization which has successfully attracted top-tier brands to our growing network of sites," said Tabreez Verjee, president of GoFish. "As we continue to incorporate other youth-focused publishers into our Network, we will be able to provide advertisers with greater scale and diversified ad solutions."
For the fourth quarter ending December 31, 2007, GoFish expects to incur direct cost of revenues associated with payments to publishers of approximately 50% of revenues. The Company continues to expect to report a net loss for the fourth quarter and fiscal year 2007.
The Company's projected revenues are estimates only and may change pending the Company's management and independent auditor's completion of their annual audit for the fiscal year ending December 31, 2007. While the Company's management believes these projections have a reasonable basis, these projections are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such projections, including those identified under the heading "Risk Factors" included in the Company's most recent quarterly report on Form 10-QSB.
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Ariel Way, Inc. (OTCBB: AWYI) (Tue, December 11, 2007, 8:30am ET) Ariel Way, Inc. announced today the Company has signed a letter of intent to acquire Syrei Holding UK, Ltd, a UK and Sweden based a telecom-consulting firm comprised of senior specialists and experts in the evolving global telecommunications market (www.syrei.com). The deal is forecast to add more than $7.5 million in annualized revenue and to be accretive to Ariel Way's 2008 earnings with over 10% EBITDA. The transaction, which is subject to the signing of definitive agreements and customary closing conditions, has a two-step closing process with a first expected closing in late December 2007. The terms of the transaction were not disclosed.
Arne Dunhem, Ariel Way president and CEO, said, "We are excited with the prospect of having Syrei and its highly skilled consultants to be part of our operation. Thomas Strangert's team of technical experts have over ten years successfully provided and will continue to provide services worldwide to major corporations and telecom operators.
They will also add global expertise to our strategy of building a state-of-the-art highly secure Digital Signage Network and will have primary focus on markets in Europe and Asia. We expect this acquisition to be immediately accretive to Ariel Way's earnings. Further, upon the full integration of this transaction, we anticipate moving into the black at the operating income line on a consolidated basis."
Thomas Strangert, CEO of Syrei, said, "We are looking forward to working with Arne and his team to integrate Syrei with Ariel Way's strategy. We are excited about actively supporting the Digital Signage activities in Europe and Asia in addition to continue to expand our current customer base on a worldwide basis."
Syrei, founded in 1997, is a telecom-consulting firm operating out of the UK and Sweden comprised of senior specialists and experts in the evolving global telecommunications market. Syrei's management and technical experts have successfully delivered professional services to value added service providers, telecom equipment manufactures and operators in more than 40 countries around the world. Syrei is a complete solution provider and a system integrator that is able to accept the total responsibility of large and complex projects. Syrei's consultants have been brought in to advise and aid major corporations and telecom operators like Ericsson, Nokia, 3GIS, ABB, Orange, SonyEricsson, Swedbank, Tele2, TeliaSonera, TIM etc.
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