NEW YORK, September 8, 2003 (PRIMEZONE) -- (Investrend Research Syndicate) CeriStar, Inc. (OTCBB:CTRI) has developed and deployed a "state-of-the-art" Triple-play communications solution that may emerge as the preferred telecom and data standard, notes Investrend Research analyst Kipley J. Lytel, Inc., in his initial Benchmark coverage of the company.
CeriStar has assembled the complete solution set to transition organizations from their legacy based IT equipment over to the new and highly efficient Internet Protocol (IP) environment. The converged technology has made inroads into Fortune 100 companies and has displayed dramatic advancements with integrated IT voice, video & data platforms, states Lytel.
"Though CTRI is enriched with a powerhouse management team, stellar technology, impressive customer trends, and dynamic market potential, the nascent business remains shackled with severe financial constraints."
However, Lytel notes, "with approximately 1400 residential customers currently in the Provo, Utah area and with over 10,000 additional residential customers that will come on-line as units are being sold over the next 3-5 years -- combined with projected new sales -- CeriStar expects to be able to fund operations from service revenues by mid to late 2004. Given the total residual revenue for 'only' the current projects in CeriStar's pipeline, once completed, CeriStar could expect to have top-line revenue as much as $8,900,000 per year."
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Kipley J. Lytel, CFA, is a member of AIMR & Los Angeles Society of Financial Analysts. Lytel is Senior Partner at Montecito Capital Management & Montecito Equity Partners. He holds an MBA from Peter F. Drucker School of Management at Claremont Graduate University, where he completed his undergraduate studies with a BA in Economics.
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