| Business Summary | | BestNet
Communications
Corp.,
formerly
known
as
Wavetech
International,
Inc.,
develops,
markets
and
sells
Internet-based
telecom
technologies.
Under
its
licenses
from
Softalk,
Inc.,
BestNet
intends
to
provide
commercial
voice-quality
Internet-based
long
distance
services
to
corporate
and
residential
subscribers.
Its
Web-based
solution
offers
subscribers
access
to
low-cost,
long-distance
rates
by
using
the
Internet
as
the
means
to
launch
calls
and
to
view
billing
within
seconds
after
completing
a
call.
The
brand
name
for
the
Company's
Web-enabled
long-distance
service
is
Bestnetcall.
The
Company
is
focusing
its
resources
to
selected
companies
with
international
locations
and/or
clients. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BestNet
conducts
operations
through
its
wholly-owned
subsidiary,
Interpretel.
Interpretel
is
a
facilities-based
telecommunication
co.
using
an
advanced
computer
telephony
platform
to
deliver
enhanced
calling
card
services.
For
the
nine
months
ended
5/01,
revenues
totaled
$304
thousand,
up
from
$7
thousand.
Net
loss
applicable
to
Common
fell
37%
to
$2.9
million.
Results
reflect
revenues
from
customer
usage
of
Bestnetcall
services,
partially
offset
by
higher
marketing
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Gerald Quinn, 57 Chairman | $85K | Robert Blanchard Pres,
CEO | -- | Kelvin Wilbore, 46 VP,
Director | -- | Dollar amounts are as of 31-Aug-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|