Smallcaps.us highlighted its results for previous featured companies and provided their subscribers with a new stock recommendation. The new recommendation, Axesstel (AMEX: AFT), is believed by SmallCAPS.US to have the potential to double in price over the next year or so.
Axesstel is focused on designing and developing fixed wireless web computers, broadband modems, 3G gateways, fixed wireless desktop phones, and access to online computing, high-speed data and voice calling services. The innovative wireless solutions are delivered by the company to leading telecommunications operators and distributors worldwide.
A few weeks ago, Axesstel and PT Smart Telecom signed a two year supply agreement that values at $68 million. The agreement includes joint marketing and volume commitments for Axesstel phones and wireless broadband USB modems. An option to purchase Axesstel’s enhanced feature phones and 3G gateways is also included in the agreement. Shipments of the phones and USB modems are anticipated to begin this month and continue for the next two years.
Marv Tseu, CEO of Axesstel, stated, “This supply agreement is a testament to the quality of our products, continued demand for our phones and growing demand for our broadband data devices. Securing a long-term agreement with an innovative new operator like PT Smart Telecom is a significant win for us as we continue to build on our existing customer base in Asia and increase our market penetration in one of the fastest growing wireless markets in the world.”
The company also recently expanded its reach in Eastern Europe with a purchase order from Mobilkom in the Czech Republic for PX310L Fixed Wireless Desktop Phones. The Company was selected as an approved vendor to provide fixed and mobile, voice and broadband devices to the Africa CDMA Forum’s 12 operator members across Africa. Axesstel also provided D800 EV-DO Wireless Broadband Modems as part of QUALCOMM’s Wireless Reach initiative in southern Thailand to enable email and Internet access for education and communication.
