|
|
Christian InTech - Communication
|
Achieve Success with Positive Communication
Positive communication is the key to success in every part of your life. That includes at work, at play, and at home.
Use these six tips to communicate effectively.
1) People judge others by their actions. This means you are...
Book Summary: Mind Your Own Business
This article is based on the following book: Mind Your Own Business A Maverick’s Guide to Business, Leadership and Life By Sidney Harman Doubleday & Company, Inc., 2003 ISBN 0-385-50959-6 208 pages A maverick is an independent person who will...
Business Letter Etiquette
Business etiquette is fundamentally concerned with building relationships founded upon courtesy and politeness between business personnel. Etiquette, and especially business etiquette, is a means of maximising your potential by presenting...
Print and Modern thought
The scientific revolution that would later challenge the entrenched "truths" espoused by the Church was also largely a consequence of print technology. The scientific principle of repeatability--the impartial verification of experimental results--...
What Many PR Users Ignore
Simply that the behaviors of their most important outside audiences rank pretty low on their list of things to worry about. And this despite the reality that, properly cared for, those behaviors can affect whether or not those managers achieve...
|
|
| |
|
|
|
|
|
|
Spantel Communications, Inc. First Quarter Continues Revenue Growth as Net Income Rises 447%
Spantel Communications, Inc. (OTC BB:SPAL.OB), a telecommunications provider in Spain, today announced its preliminary operating results for first quarter ended March 31, 2004.
FUENGIROLA, Spain April 20, 2004 -- Spantel Communications, Inc. (OTC BB:SPAL.OB), a telecommunications provider in Spain, today announced its preliminary operating results for first quarter ended March 31, 2004.
The Company saw significant improvement in many areas versus the first quarter of 2003 with net income soaring 447% to record levels of $661,681 versus $120,833 and sales increasing 33% to $5,087,930 from $3,830,997. Gross profit margin of 47.4% of revenue was up 5.7 percentage points from last year's levels. The strong quarter was driven by robust sales attributable to the agreements entered into earlier this year by the company. These agreements provided Spantel with an immediate increase in sales and profits, without a significant increase in operating expenditures due to better network utilization.
Management Perspective
According to Spantel's President, Jose Ramon Basterra, "We are very optimistic about the future of our company after five consecutive profitable quarters. Our improved financial position has greatly enhanced our ability to concentrate on a growth strategy centered on acquisitions rather that relying solely on traditional marketing approaches we have used in the past." Mr. Basterra went on to say, "As the telecommunications industry within Spain consolidates, it will continue to create many desirable opportunities for us to aggressively target. Several of the secondary carriers and resellers who have a niche market have been unable to achieve profitability or lack the cash flow required for growth making them ideal candidates for Spantel."
"The company also is able to market our services
to many of these candidates who do not meet our acquisition criteria. We have a proprietary billing system, our own network and other services that will enable them to become competitive and profitable. In either situation, we have positioned ourselves to capture the traffic which will ultimately reduce many of our costs and increase our profitability."
"The Company will continue to focus on acquisitions and network agreements as the primary sources for growth," says Mr. Basterra. "We are very pleased with our recent accomplishments and remain committed to making every effort in order to bring value to our shareholders."
Spantel Communications, Inc. is a provider of telecommunications services throughout Spain. To learn more about Spantel, visit the Company's website at http://www.spantel.es .
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include, among other things, the competitive environment in the telecommunications industry in general and in the Company's specific market areas, inflation, changes in costs of goods and services and economic conditions in general. Those and other risks are more fully described in the Company's filings with the Securities and Exchange Commission.
Contact:
Spantel Communications, Inc.
Mr. Robert Carlin
+1.804.967.9665
invest@spantel.es
About the author:
Press Release
|
|
|
|
|
|
