USCI (OTC:USCM)
Industry: Technology
USCI, Inc. is a holding company that, through its subsidiaries, is engaged in the marketing of telecommunications products and services with an emphasis on two principal markets: Internet telephony products and services (IP Telephony); and wireless services (Wireless Services). The Company also is engaged in the delivery of Web-based accounts receivable management and recovery services (A/R Management Services). The Company's subsidiaries include Ameritel Communications Inc. (Ameritel), AmericomOnline.com. (Americom), and TelCollect, Inc. IP Telephony Since 1996, the Company has been engaged in wireless services marketing through its wholly owned subsidiary, Ameritel. During 1999, Ameritel filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code. In conjunction with the restructuring of Ameritel, during 1998 and 1999, the Company restructured its management team and board of directors and adopted a revised operating strategy. Pursuant to its ongoing efforts to improve operating results, in 1999, the Company entered the IP Telephony marketing business with the formation of Americom. During 2000, the Company formed TelCollect to deliver specialized A/R Management Services based on a developed IT platform. Wireless Services Historically the Company's core operations were in the marketing of wireless services. From 1992 to 1997, the Company's subsidiary, Ameritel acted as an agent for major US cellular and paging carriers in the sale of cellular and paging services through national distribution channels. Since 1997, Ameritel's wireless services operations have consisted primarily of the resale of wireless services. Ameritel provides cellular services by purchasing access and airtime from facilities-based carriers at wholesale rates and reselling those services at retail rates. Ameritel presently has carrier agreements with three nonaffiliated facilities-based cellular service providers, which authorize Ameritel to resell the cellular service provided by these carriers for existing subscribers - AT&T Wireless Services; Celulares Telephonica; GTE Mobilnet; and Verizon Wireless. In 1999, the Company formed Americom for the purpose of commencing marketing of IP Telephony products and services as well as prepaid communications products and services through its proprietary e-commerce platform and through mass market general merchandise retailers, grocery stores, drug stores and TV direct response. IP Telephony is a service that enables users to make high quality, low-cost telephone calls over the Internet. In April 2000, Americom entered into an agreement with Net2Phone, a leading provider of IP Telephony services and products, to be the exclusive marketer of Net2Phone services and products throughout the US to selected general merchandise mass marketers and to all convenience stores and supermarkets. In the fourth quarter of 2000, the Company began offering Web-based telephony services, which enable customers to make calls using their personal computers as well as basic IP Telephony devices which enable customers to make calls using traditional telephones. In addition, the Company markets long distance calling cards, powered by the Net2Phone Internet Telephony Network, which may be used from any private or public phone in the United States. A/R Management Services In 2000, the Company formed TelCollect to develop and offer Web-based accounts receivable management and recovery services. TelCollect's A/R Management Services are delivered through a Web-based software platform, which provides to clients a variety of accounts receivable management and recovery services including fraud detection and management, third party collections, skip tracing, consumer payment arrangement monitoring and fee collection services. Initial marketing efforts for A/R Management Services are directed to the financial services, telecommunications, and bank card industries. A/R Management Services are offered throughout the United States, Puerto Rico and Mexico, and include multi-lingual capabi
As Of: 10/07 00:00 ET
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