this issue>distribution
Distribution in Brief
Steven Streit, founder, chairman and CEO of Next Estate
Communications (NEC), was named a winner of the Ernst &
Young Entrepreneur of the Year 2005 Greater Los Angeles Awards in
the Financial Services category. Streit was selected from 15 finalists
in the Greater Los Angeles area by an independent panel of judges
comprised of local business and community leaders.
Next Estate – www.nextestate.com
Q Comm International, Inc. has raised approximately
$1,900,000 through the combination of a private placement of newly
issued shares and the issuance of a note and warrants. Q Comm completed
a private placement of 427,000 newly issued shares of its common
stock at $3.07 per share to new and existing shareholders in a private
placement, generating gross proceeds to Q Comm of $1,311,000. In
connection with this private placement, Q Comm granted certain registration
rights to the investors covering resales of the shares issued in
this transaction.
Q Comm – www.qcomm.com
Orion Telecommunications Corp. (OTC) claims to
have successfully completed its 100-Day Back-on-Track Plan, which
included instituting a new leadership team, unveiling a customer-driven
distribution strategy, and rolling out a series of new product strategies.
In addition to reflecting on the progress made over the course of
the 100 days, Orion announced its plans for continued growth, including
the opening of a new headquarter office, and the addition of more
than 60 new employees.
OTC – www.oriontelcorp.net
Locus Telecommunications, a provider of prepaid
services, has launched GEO Africa. Following a successful trial
in select markets, Locus is now offering the card nationwide through
its network of 50,000 retail points. GEO Africa is available in
$3, $5, and $10 denominations.
Locus – www.locustelecom.com
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