ESPN Gets NFL Playoff Game For First Time Chargers' Stadium Hopes Rest On '16 Ballot Jim Kelly Fielding Bills' Ownership Offers Taxpayers To Pay For Braves Stadium's Rising Costs Bengals, County Reach Stadium Upgrades Deal Colts To Remain With Irsays Long Term Judge Denies NFL Concussion Settlement MLB Facility Notes Colts To Launch On-Demand Video App Minding My Business With Ryan Huzjak
Upcoming Conferences and Events
SBD/28/Sponsorships Advertising Marketing
PHONE CARD COMPANY TO OFFER IPO
Published November 28, 1994
Global Telecommunication Solutions (GTS) plans to go public before the end of the year. GTS has "carved a niche in the mushrooming" $200M phone-card market by acquiring the rights to high profile licenses, including the NFL, MLB, MLBPA and Marvel Comics. The proposed NASDAQ offering would trade under the TELE symbol, with 1.5M shares offered at $5 in hopes of raising cash to grow GTS. The company plans to use the IPO to finance additional marketing activities and to establish a "better distribution network which would include phonecard vending machines in sports arenas and travel centers" (Terry Lefton, BRANDWEEK, 11/28).