In addition to providing us significant revenue over a short time period, this order will be our first foray into the Spanish-speaking market where prepaid calling card programs are in high demand. This transaction comes on the heels of our largest prepaid calling card order to date and represents another major achievement for the company. We see a great deal of opportunity in the calling card market and we intend to capitalize on it. The prepaid calling card market is increasingly attractive, with the ethnic market continuing to be the main force behind expected growth. A recent Atlantic - ACM, a global research consulting firm headquartered in Boston, study found a base of 30 million cards in North American circulation in 1993, which grew to 400 million in 1998 and is expected to grow to 700 million cards in 2003.
Telecom is a global full service telecommunications provider for businesses and individuals.