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 High Speed Net Dippy Foods Diehl Graphsoft WSi Interactive Teltran Int'l Advanced Comm.Tech Atlantic Data Svcs.  Back to Beginning A Few Rules  Copyright & copy; 1997-1999 Russ Klein 
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September 14, 1999Here's a company that could have a big future as it offers a diverse portfolio of communications solutions to many varied customers. I am not going to try to provide a detailed review of this company in this capsule report. I am going to let you digest what I have presented and then you are on your own to do your research. This editor currently has a position in this company and therefore some of the information contained in this report could be considered a little biased. However, I try to present the material that I have in a non-biased way. As detective "Friday" used to say, "Just the facts man, just the facts". O.K. here's the stock:
FUTUREONE, INC. (FUTO)BB A Little History: FutureOne was incorporated in Nevada on Mar. 22,'94 as World's Fare, Inc. Worlds' Fare acquired FutureOne, Inc., an Arizona corporation, which was incorporated Dec. 26,'96, and the entities were combined in a reverse merger. In August of 1998, World's Fare changed its name to FutureOne, Inc. FutureOne believes it offers a diverse portfolio of communications solutions to varied customers, and that by offering products and services, including computers and communications equipment, networking, software development,Internet access and services, advertising and graphic design services, and underground cable construction services, it is in a position to serve the total communications needs of its customers. FutureOne believes that it can maintain and build upon its existing products and services as it expands into Internet e-commerce, telecommunications and convergence technology. For purposed of this report, lets center on the Internet and cable business. NeighborComm(tm) - FutureOne is developing convergence technology for residential and commercial applications. FutureOne intends to ultimately provide voice, data and video services through a single high-speed fiber optic cable linked directly to residential developments or business and industrial complexes. The Company's NeighborComm communities will also include an Intranet designed specifically for the community it serves. The technology will be marketed under the name NeighborComm (Neighborhood Communications Systems). FutureOne is an Internet access provider. Individual and business subscribers are supported through the Company's expanding network of Internet service access sites. FutureOne develops software applications customized in accordance with customer's needs and is a complete e-commerce solutions provider ("CCSP"). Web site development and e-commerce solutions are designed and supported with on-line and off-line advertising. The Internet services industry is changing rapidly as the Internet becomes more widely accepted by the public and more customers become experienced users. Most users are still connecting via traditional telephone connections such as those offered by America Online, EarthLink network, MSN Network and most major telecommunications companies, but many are switching to higher speed connections that are provided by cable modems, xDSL, and even wireless connections. Commercial use of the Internet is increasing and traditional web sites created by businesses are being upgraded. E-commerce sites are increasing in number and are gaining greater commercial acceptance as businesses understand and utilize the Internet as a sales tool. FutureOne's Internet serices include personal and business dial up accounts, high speed frame relay, ISDN and T-1 connections, virtual telephone services, web site design and custom software development. These services are provided primarily through FutureOne AZ and Networld.com Inc., a wholly owned subsidiary of FutureOne AZ, which was incorporated in Nov. 1995. The Company has expanded its product line and geographic area of operations with respect to its Internet services through acquisitions. UNDERGROUND CABLE ENGINEERING AND CONSTRUCTION: FutureOne's underground cable engineering and construction operations are conducted by OPEC CORP., a wholly owned subsidieary of the Company, which was acquired in July 1998. The Company also provides horizontal drilling and boring services through Abcon, Inc. which was acquired by the Company in April 1999. OPEC has performed its services for such companies as US WEST and AT&T, and installs utility cable in the western United States. OPEC has approx. 70 employees and is based in Colorado Springs, CO. ABCON, INC is based in Phoenix, AZ. Some Recent Developments: Aug. 6,'99 - OPEC Corp. has expanded its construction facilities and opened an office in Denver and a field office in Tucson, AZ. To Support the growing demands of OPEC's services and the telecommunications industry, the company has also opened offices this year in Phoenix to provide services to Arizona developers and communication companies. OPEC recently announced new contracts in Colorado with US WEST and AT&T Broadband and Internet Services. Aug. 11,'99 - FutureOne announced that OPEC has been awarded general construction contracts with US WEST for the states of Iowa, Nebraska and Wyoming. The contracts authorize OPEC to act as a general construction and maintenance contractor and to provide engineering and new cable installation services for US WEST, during the term of the contract.
Aug. 12,'99 - FutureOne acquired Denver-based Amcom, LLC in exchange for shares of FutureOne common stock. Amcom is a Competitive Local Exchange
Carrier (CLEC) capable of providing telephone sercice under an Interconnection Agreement with US WEST Communications that covers the fourteen western
states served by US WEST. Sept. 1,'99 - FutureOne announced that OPEC has received a convertible commercial loan in the amount of $1 million to help support the growth OPEC continues to experience with its recently announced new contracts with US WEST in four western states, AT&T Broadband and Internet Services in Colorado and Kiewit Western/Level 3 Communications, Inc. to install a portion of their nationwide fiber network in Tucson, AZ. Concluding Statement: There is no one company that has the inside track in this industry and it is quite apparent that the competition will increase and reach the point where some of the smaller companies will be either gobbled up by major players in this field or the smaller companies will just fall by the wayside into oblivion. It is my hope that FUTO has established a strong enough foothold in this industry to continue to expand and become one of the major players. Since FUTO is an OTC:BB stock, it must be fully compliant with the SEC rules for full reporting status by Dec. 1, 1999. The price of the stock could be stalled at its current price due to the rapidly approaching deadline for full reporting status. However, I assume that the company is on top of that problem and will eventually meet the requirements.
Here's a start for some research: Check with Raging Bull Chat Board on FUTO but watch out for the Hyping and Bashing. With the current price near the 52 Week Low of $1.75, it looks interesting. Full Disclosure: The editor of this Home Page has an 800 share position in FUTO at the present time, however, more may be accumulated at current price. The editor is not being compensated in any way by FUTO or anyone else for the inclusion of FUTO in this Home Page.
News-12/30/99-on FUTO
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