This share has taken off over recent weeks. The management has transformed the company. Offshore Telecom presents an exciting opportunity. Rival BBs are very active on this share. It is time for MoneyAM BBs to join in the fun.


Offshore Telecom Plc

KEY NEW ORDER SIGNED WITH XCHANGEPOINT

Offshore Telecom Plc ("Offshore Telecom") announces that its principal operating subsidiary, Matrix Network Solutions ("Matrix") has received a letter of intent from XchangePoint Europe Ltd. ("XchangePoint") for orders which are expected to generate revenues of 500,000 over the next two years.

XchangePoint is a leading provider of metro-area internet interconnect services. It offers its customers an extensive range of services that enables them to balance their peering, transit and access requirements through a single connection on the XchangePoint platform. XchangePoint currently operates mainly in London and in Hamburg, Germany and is planning to expand its services into at least two additional major European Cities over the next two years.

At the outset, Matrix will provide outsourced network support services to assist XchangePoint in rolling out its services into mainland Europe. Matrix will also supply and install the communications networks and associated equipment for this expansion.

Ian Smith, Offshore Telecom's Chief Operating Officer, commented :

"This is the first announcement of a number of significant new contracts won by Matrix in recent months. The XchangePoint contract will contribute some revenue in the current year, but the bulk is likely to be booked in our financial years starting in November 2003 and 2004."

Richard Almeida, CEO XchangePoint added:

"XchangePoint is very pleased to be working with Matrix as a trusted business partner for network services, contributing heavily to earlier implementation of our business plans and vastly improving on the traditional supplier approach. This will accelerate the roll-out of our newly funded plan to grow XchangePoint's business into Europe"

AGWOODISSE - good to see you spreading the goodnews about this share. should be very exciting short & long term. imho

argyle:
Good to find you posting here. Your contributions will be greatly welcomed.
OST is looking good. Exciting times are ahead.

Argyle underclap - 19 Nov'03 - 17:25 - 16 of 37
masterthief - based on what i'm hearing in the city, all the signs are that this co are talking to the right customers,
Imminent deals should confrim this. imho

Masterthief - 19 Nov'03 - 17:37 - 18 of 37
By the end of next year 80% of SME's and global corps will have converted to IP telephony. BT are hogging bandwidth in an attempt to maintain its grip on market share and it is joining forces with Internet companies [Microsoft/Yahoo]to offer integrated content/solutions. OST has the benefit of this muscular oaf bumbling around attempting to control without the ability to deliver. This means companies like OST can offer competitive delivery and good aftersales service and what is more do it more cost effectively than BT.

How this price stays sub 1p I really don't know but, when I saw it this morning I immediately bought in. The newsflow is imminant and I know enough about the industry to know that this company has the wherewithall to make some serious money next year.

Even my broker likes this company.

safman - 19 Nov'03 - 17:42 - 19 of 37
i think there was a rumour..stressed as only a rumour that OST got involved with tiscilli broadband.. if that is the case then, an integrated solution will be on the cards...matrix will have to expand at the pace at which takeup is ...

i see good things happening here... ..

as for the services sector...

with their last aquisition...

"This deal will improve the quality and depth of our offering to the market and,
critically, will give us control of our support operation. We expect this to
become a major contributory factor to our future growth. Meanwhile, NATS is
making excellent progress in its own right and we expect it to achieve a
substantial growth in turnover and to become profitable in the year to April
2004."

substantial growth + turnover...hmmmm.. gets better does it not...this sector is only going one way..and that is up!!


Masterthief - 19 Nov'03 - 17:55 - 20 of 37
I'm buying more tomorrow!

safman - 19 Nov'03 - 18:06 - 21 of 37
don't expect too much..online quotes are limited...

Argyle underclap - 19 Nov'03 - 18:35 - 22 of 37
only 3 MM's on the go and selling in blocks of 50,000.
when i pushed them for 75,000 they made me feel like oliver asking for some more gruel.
They wanted to keep the shares 4 themselves.

F 13 - 19 Nov'03 - 18:55 - 23 of 37
im a long term holder. nice to see interst in this share finally snowballing. wireless broadband as has been statedby many on this board to be the next big thing. i think so too.

JABA and ARGYLE & HOOTSTER ETC have mentioned that they have heard big deals are to be announced very soon.

i admit to having recently been informed of the same information.

If this info is true, we are looking at 2p+ before chistmas.

F 13 - 19 Nov'03 - 18:57 - 24 of 37
argyle you are right about the chart i think. a upward hike looks inevitable.

F 13 - 19 Nov'03 - 19:01 - 25 of 37
what a double! 2p+ for ost before christmas and...
my beloved WALES to reach Euro 2004. come on!!

Masterthief - 19 Nov'03 - 19:04 - 26 of 37
OST 2p by Xmas Easy!! - Wales??? impossible !!!

F 13 - 19 Nov'03 - 20:22 - 27 of 37
lol - thank God i'm not a scot. not looking good for the jocks.

F 13 - 19 Nov'03 - 20:25 - 28 of 37
Masterthief how do you interpret your chart from earlier? It sends my eyes funny when i look at it.

the charts i study tell me the price should move north very soon. what your chart say

Masterthief - 19 Nov'03 - 20:44 - 29 of 37
Looking closely at the trend I believe we achieved a bottom today, the MM's tried to move it down, but the buyers wanted nothing of it. They, the buyers, have decided the direction of the shareprice is in the short term anyway - north!!! I think many of the people who currently own shares have a potential opt out in excess of 1p, probably closer to 1.5p so, a significant rise tomorrow will give way to profit taking. News however, will keep them aboard to the next level of 2.5p.

The trend is up, my friend and if your short term, you will miss the breakout which I think will occur above 2p. all IMO

the jabawoker - 19 Nov'03 - 20:47 - 30 of 37

Master- so u feel that huge upside from 2p??

Masterthief - 19 Nov'03 - 20:52 - 31 of 37
In the event that previous information regarding potential is realised [a big IF] then it is possible that with good newsflow [I'm not privy to the information coming through, but others seem to be] that the company will profit imnmensely from the groundwork of other larger organisations. I will over next few weeks study and research and if possible advise if anything positive/negative surfaces. so, yes I feel there is huge upside for this share and I know the market which is massive at the moment and will be in the ?billions over the next 4-5 years. Any company in this market and knowing what they are doing are going to make a big impression over the coming few years.

the jabawoker - 19 Nov'03 - 21:00 - 32 of 37
cheers master

HOOTSTER - 19 Nov'03 - 21:06 - 33 of 37
Looking Good ;-)))
Certainly alot lot Higher by Xmas as always DYOR ETC......
REGARDS THE HOOT................

the jabawoker - 19 Nov'03 - 21:11 - 34 of 37
im glad u in these hoots, does alot for my confidence.
with Safman in too, i know im onto a winner

safman - 19 Nov'03 - 22:19 - 35 of 37
thanks for the vote of confidence jab.. but before u buy DYR... never rely on bullitin boards..we will have to wait and see what OST deliver..but i am excited by the first contract 500K..and more on the way...

what will be interesting is if they get involved in the public sector for the technology.. the public sector will outgrow private sector by 30 times by 2005!!

that is certainly a reason to get excited about IF, a big IF..they are involved...

broadband is exciting.. i've wasted a lot of money in the past, but i think broadband is money well worth spent!.. 2004 is key ..so keep accumulating below a penny...+ magic u r right ..the money being spent in that area is massive..we need to see what OST can come up with..remember it still has to divest its satellite buisness..to concentrate fully on MATRIX..

good luck!

F 13 - 19 Nov'03 - 22:46 - 36 of 37
safman, i totally agree with your words of caution re dyor etc

lets remember though , the recent staement confirming other deals had been done and will be announced. should be soon.

F 13 - 19 Nov'03 - 22:50 - 37 of 37
when i look at the chart cant help but see it break 1.00 within the next few days. imho.

After yesterday's enthusiasm, cannot see this share staying at these levels for much longer!

Well we had a little dip today but beleive that this will go skywards soon.

Good luck all.

As always dyor

taken from another bb:

*****Hi all - througha reliable city contact i've been told to expect an rns on ost next week.

the rns will be for another contract win.

Looks like Ian smith (Offshore Telecom's Chief Operating Officer) was teling the truth when he stated 'This is the first announcement of a number of significant new contracts won by Matrix in recent months.'*****

The key is in the research...

Given that Ian Smith used to be the Sales Director of Foundry in the UK and that he is now heading up a Foundry integrator you don't think that he might have brought some of this business with him? Arguably he would still be leveraging a considerable amount of relationship and this will not last forever.

IMHO Only sustained growth will prove that ost will go anywhere.

It would be interesting to know exactly how many of the new contracts are Foundry..

charybdis. Interesting posting. News is news and I for one will welcome it with open arms. Is this the 'Foundry' you were talking about?

Foundry Networks, Inc. (NASDAQ: FDRY) is one of the world's leading next-generation networking companies. They provide end-to-end Global Ethernet and intelligent traffic-management solutions. Products include Internet routers, Layer 2/3 LAN switches, and Layer 4-7 web switches with integrated Internet traffic and content management.

Their products are performance led, wire-speed, non blocking architecture's provide an extremely scalable and capable network infrastructure. Many traditionally hardware based features have been integrated in ASIC's for hardware based delivery of data services. Currently they are the only manufacturer to offer a scalable and inexpensive IP billing solution and also have 95%+ of the 10 Gigabit Ethernet market worldwide. They also occupy the No. 1 position in the L4-7 switching market.

Foundry have more than 5000 customers worldwide, including the world's leading enterprises, Internet-based businesses, Education Establishments, Metro Area and Internet service providers and many other institutions.

Matrix Network Solutions are an integrator of Best of Breed business solutions, delivering the expertise to seamlessly evolve complex IT environments in an ever changing business landscape. Voice and data services have become the lifeblood of today's enterprise, with the ability to communicate with customers, suppliers and internally securely, key in delivering the flexibility required to operate efficiently, with a core focus on the two interrelated technology areas of:

Communications and networking infrastructure services ("Network Solutions")

Electronic commerce and security solutions

Hi all

Lets hope the wait is not too much longer.

Good luck

Hi Martin
I would expect announcements to be made in November and December. Should give the share price a good boost when they come. It is believed that we will get some news next week.

Ian Smith, Offshore Telecom's Chief Operating Officer, commented :

"This is the first announcement of a number of significant new contracts won by Matrix in recent months. The XchangePoint contract will contribute some revenue in the current year, but the bulk is likely to be booked in our financial years starting in November 2003 and 2004."

charybdis: You seem pretty knowledgeable about this industry. Do you work for Foundry?

martincoops
It will be interesting to see what will happen to the share price at 2PM. The MMs seem to move the price one way or another at this time. With steady buying today, maybe the price will be hiked higher.

Hope so as it is my only stock not in the blue.

Cheers

Martin

martin. Trust you won't have to wait too long. Looking positive. Steady buying all day. Expecting announcements this month. Remember the price was once 3.75p and that was before OST reinvented itself.

it seemed they didn`t move a lot in the last few days.

ckmtang: I agree. Not much going on today. Still does not detract from their prospects. Activity will increase as further announcements are made. Think the name will soon be changed to Matrix. Logging on to Offshore's website immediately gets you transferred to Matrix.

About Offshore telecom plc
Together with our Matrix Network Solutions division, we integrate Best of Breed IT solutions to the desktop with full global connectivity via satellite between office locations, internal networks, suppliers and customers worldwide. Our emphasis is on detail, flexibility and quality of service, aiming to surpass the expectations of the most discerning and demanding of clients.

Ian Smith, Offshore Telecom's Chief Operating Officer, commented on XchangePoint contract :

"This is the first announcement of a number of significant new contracts won by Matrix in recent months. The XchangePoint contract will contribute some revenue in the current year, but the bulk is likely to be booked in our financial years starting in November 2003 and 2004."

martin. This is one of those shares that everyone should have a stake in. Wireless technology is the growth area of the industry. Just look at Vodafone in its infancy and now its a billion dollar business. OST is small fry at this stage and has massive potential. Its market cap is small, it has purchased two profitable operations and the orders are coming in. Once we get the announcement of those other significant contracts, the price will fly. Hold tight. The fun has not yet started.

Hi agwoodisse

OST going on a go slow at the moment but I expect people are waiting for the next announcment which should'nt be long.

I intend to add shortly after CWV slows down.

Cheers

Martin