Dow Jones 13649.97 +38.29 1:25 pm PDT, July 9, 2007 NASDAQ 2670.02 +3.51 For info, visit access.smallcapnetwork.com S & P 500 1531.85 +1.41 Change your subscription status here Russell 2000 853.24 +0.93 VOLUME 07 : ISSUE 66 Another Rung On Zupintra's Ladder Reached I've said it before, and I'll say it again.....I love companies that say what they're going to do, and then go do it. Too few companies only do one or the other (or neither). So, when a company does both, their credibility is heightened in my book.  Well guess whose credibility just jumped again? If you guessed Zupintra Corporation (OTCBB: ZUPC), you guessed right. Just a few moments ago, the company announced the passage of another milestone - they were awarded the proper licenses to do business in another Latin American country. This opens up yet another market for this growing telecom service provider.    Today's News - Put A Checkmark Next To 'Panama' Though there's no need to reprint Zupintra's complete business description here, I do think its important to remind everyone of the nuances of their chosen market.  As a provider of international long-distance VOIP service to and from Central and South America, the company is not just dealing with domestic legalities, but also with the red tape of doing business overseas. To provide such a service, proper telecom licenses need to be awarded here and abroad. Of course, each country handles telecom licensing differently, so the timeframes and procedures for getting each desired license have been equally different. Since they're already doing business and drawing revenue in Argentina and Uruguay, we're assuming all of those required licenses are in place. The news today is the receipt of licenses to set up shop in Panama. The Panamanian government bureau Ente Regulador (their version of the FCC) granted Zupintra licenses to offer international telecom, to serve as an Internet services provider, and a license to operate a call center.  But the question remains - is Panama a worthy market? I believe it is, but check out some of these numbers and decide for yourself.  Last year, it was estimated there were 480,000 land-line phones in use for the country's population of 3.3 million. That doesn't seem like a lot to me, which on the surface may seem like a negative. However, I see it as a positive, in the sense that the number of land-lines could increase significantly in the near future as the monthly expanse of a phone (thanks to technology and competition) is coming down. As more and more land-lines are added, I expect more and more of those customers to also use international long-distance services....like Zupintra's.  Local Panamanian telephone companies further estimate the amount of traffic generated by VOIP is worth approximately $30 million per year, and is growing rapidly as VOIP technology spreads. I believe most of that figure represents international long-distance revenue, as opposed to domestic.  And Internet? In 2005, there were an estimated 150,000 Internet users in Panama, and they had only 11 Internet service providers to choose from. That's less than 5% of their total populous with Internet access - and most of those users were still using dial-up rather than a broadband connection. Once again, I see a huge opportunity in the near future as reduced costs start to attract a practically unserved geopolitical segment. The point is, Zupintra now seems to be in a position to make a direct attack on the Panama telecom market.    The Bigger Picture So, there appears to be a money-making opportunity in servicing this relatively untapped market. But, I think there's an even wider-scale opportunity brewing in all of this, not to mention something that could be healthy for stock's perception. First, 53.6% of Panamanians own mobile phones.....about 1.6 million subscribers. It's clearly the preferred choice of voice communications, largely due to the flexibility of cell phones. Now, I don't know that any of these new licenses also include the rights to offer cell phone service. However, I do know the country's largest land-line phone company (Cable & Wireless) also currently controls about 2/3 of the wireless market there. So, it doesn't seem like the government has any issues with crossover business. In other words, maybe Zupintra has a shot at also starting (or at least servicing) other telecom ventures down the road.  Plus, 85% of wireless revenue in the region comes from pre-paid card business, rather than generated by monthly subscriptions. Even if Zupintra never does more than directly offer international long-distance or Internet, don't forget they're also a player in the pre-paid calling card arena. With a telecom foothold now in place, pre-paid business may be a way for Zupintra to 'break into the market' without technically breaking into it.  Anyway, those are just a couple of possibilities I wouldn't be surprised to see materialize in the future.  The second benefit of this news? Like I said already, C-R-E-D-I-B-I-L-I-T-Y. Zupintra has made a habit of explaining their plan, and then completing it. Today's license announcement is just part of their plan, but considering they've now got rights to do business in three countries, I believe them when they tell me more are already in the works.  I feel the result of all this follow-through is going to be an increased comfort level with the stock. The market tends to avoid uncertainty. However, it looks like Zupintra is taking uncertainty out of the picture about on a weekly basis. In my experience, that bodes well.    The Pride Of Ownership One of our key attractions to Zupintra was what we saw as an undervalued status compared to its revenue opportunity. With our first look at the company back on April 11th - while the stock was trading near 25 cents - the market cap was around $17.5 million. We learned shortly afterwards of the company's near-term revenue projection of $2.5 million per month, or $30 million per year.  The price/sales ratio of 0.583 for those numbers was just strangely low....too low for me not to get excited about (especially with the company starting to pull together all of its revenue-bearing projects).  So what happens? Since then, the stock moved to its current level near 12 cents, meaning the market cap is now around $8.4 million. Ouch - not exactly a fun ride.  The thing is, the projected price/sales ratio using that $30 million and $8.4 million capitalization now comes out to be 0.28. Folks, in my absolute honest opinion, that's just crazy. I have to think the market is missing what I'm seeing, which is tangible progress towards revenues. On the flipside, I believe once Zupintra reports their first good quarter of telecom revenue, then the market could collectively become a believer in a big hurry, forcing the stock much higher in a short period of time.  The typical telecom price/sales ratio is above 2.0, and that's representative of some companies looking at no real growth prospects. Zupintra has nothing but growth on its radar, and they've proven it more than once in the last few months. Argentina, Uruguay, Ghana, and now Panama are now all realities - just as the company planned (publicly, no less).  As for the right time to get back in for anybody interested, I think it all depends on your speculative spirit.  If you're looking for an aggressive idea, what a big win it would be to scoop up a piece of this company right as it was bouncing off of a long-term support line around 11 cents....ZUPC is basically at two-year lows, but holding that line! And, the recent selling volume has really subsided, suggesting the downward pressure might finally be running out of steam. If you're looking for perhaps a safer way to handle things, a move back above the 12.5 cent level may inspire more buying. A move back above last week's ceiling of 14 cents could really spark a fire. Just remember you'll be giving up a lot of potential percentage points on the front-end in exchange for the additional bullish evidence.  Either way though, this company keeps progressing towards better revenues, and may be moving into the black sooner than many people realize. I still think ZUPC is way undervalued based on the numbers you just read about. We still contend a move to $1.25 is possible over the next few months, as that would push the P/S ratio above 2.0, and in line with its peers. Here's the press release.    Zupintra Receives Three Licenses in Panama  Company Continues Expansion of its Telecommunications Services  MIAMI, July 9 / - Zupintra Corporation, Inc. (OTCBB: ZUPC) is pleased to announce that its subsidiary, Zupintra Panama S.A., has received three of its licenses for Panama. Zupintra Panama was granted License # 103, International Telecommunication Services License, License # 211, Internet Service Provider, and License # 223, License to operate a Call Center.  "This is great news for Zupintra. Obtaining these licenses will allow us to implement our services in Panama as soon as the early part of our 3rd quarter", said John van Arem, CEO of Zupintra Corporation, Inc. "Receiving these licenses in South America will ensure Zupintra's ability to deal directly with Tier 1 Telecommunication Carriers around the world. There is currently only one company in Panama that holds all licenses."  Zupintra Corporation, Inc's core business runs through its wholly owned subsidiary, Zupintra Communications, Inc. Zupintra is a facilities based wholesaler of international voice traffic within the carrier to carrier network. As a wholesale VoIP provider, Zupintra Communications Inc. signs both origination and termination contracts with next generation carriers and profits from negotiated rates.  FRANKFURT - WKN #: A0DQU5  In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, ZUPC notes that statements contained in this announcement that are not historical facts may be forward - looking statements that are subject to a variety of risks and uncertainties. Accordingly, ZUPC wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward-looking statements may imply. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future. The above and additional factors are discussed in detail in the company's filings with the U.S. Securities and Exchange Commission. These may be viewed at www.sec.gov and many other Web sites without charge.  Source: Zupintra Corporation Inc.    We Value Your Feedback   Got comments, questions or suggestions? Send 'em on over: Email the Editor If you wish to send a written request or inquiry, please send it to our physical address: TGR Group, LLC 4653 Carmel Mtn Rd Suite 308 #402 San Diego, CA 92130 MIV Therapeutics Inspires Institutional Interest Still hearing the echoes of their next-generation biocompatible stent finally being implanted into a human, late last week we heard of yet another big victory for MIV Therapeutics (OTCBB: MIVT)....and probably its shareholders. What do you think it means when a company can attract $11.7 million worth of capital investment from institutional-level owners? Considering the current market cap is $51.5 million, I'd say it's a big statement about what these people see in store for these new heart stents.  The deal was a private placement deal, garnering 50 cents worth of funding for each of the 25.1 million shares sold. For each share purchased, the buyer also received a half-share warrant to buy the stock at 55 cents, exercisable over the next five years. The gross size of the transaction was $12.5 million, while MIV netted $11.7 million. The company spent $6 million in 2005, and a little over $9 million in 2006. Though the onset of the next stage of testing for their next-generation hydroxyapatite-coated stents may up their expenses somewhat, also keep in mind they recently purchased a handful of revenue-producing properties. So, it seems some of that added cash outflow is going to be offset by something besides this fund-raising.  While it's still not clear at what point in time the new stents will win widespread approval, perhaps this cash infusion will go far in seeing them through to that point (maybe all the way?). Whatever the case, this is a big win for MIV Therapeutics....a lot of smart money just jumped on the opportunity with big bucks. That goes a long way with me.  For more, click here.    BioCurex's RECAF - Not Just For Cancer Suspicions Anymore It seems like every few months, RECAF finds yet another use. The latest possibility was announced today. BioCurex (OTCBB: BOCX) believes their RECAF technology may also be used in conjunction with genetic testing for high-cancer-risk individuals, thus expanding the potential size of the market. Just as a quick recap, BioCurex's patented RECAF technology was originally put into development as a cancer-detection tool. In fact, early research shows it can be quite successful at doing just that. More recently, the idea of attaching a drug to the RECAF-based marker has been discussed. It would be a powerful possibility, as the marker 'highlights' where cancer is, and leaves non-cancerous cells alone. Thus, it may be perfectly-suited to be a drug delivery system. And within the last few weeks, the company announced an effort to develop a 'point of care' cancer screening test. Instead of requiring lab work to complete, this test could be performed and fully analyzed with just one doctor's visit.  Today's news may have opened yet another door. Whereas a high-cancer-risk individual can be spotted by genetic testing, that same testing doesn't indicate when cancer has actually been developed. BioCurex's RECAF test, on the other hand, can do exactly that. By regularly screening these high-risk individuals, the RECAF test may be even more frequently used than first imagined.  Like the press release says, it's just an idea so far. But, it's a good one....one that could potentially mean a substantial amount of additional revenue for the company.  Click here for more.  Subscribe Information is power and timely information is profitable. Become informed and profit from Small Cap Network Profiles and Trading Alerts by becoming a Preferred Member today. There is no cost associated with your email subscription. 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Unsubscribe Here D I S C L A I M E R: The Small Cap Network, its website and email newsletter (hereafter, cumulatively referred to as "SCN") , is an independent electronic publication committed to providing its readers with factual information on select publicly traded companies. SCN is owned and operated by TGR Group, LLC ("TGR"). All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. Moreover, as detailed below, TGR accepts compensation from third party consultants and/or companies, which it features in the publication and circulation of SCN. To the degrees enumerated herein, SCN should not be regarded as an independent publication.  Click Here or go to http://access.smallcapnetwork.com/compensation_disclosure.html to view our compensation on every company we have ever covered, or visit the following web address: http://access.smallcapnetwork.com/profile_disclosure.html for our full profiles and http://access.smallcapnetwork.com/short_term_alerts.html for Trading Alerts.  TGR Group, LLC has been paid a fee of $30,000 cash and 1,000,000 shares of newly issued restricted stock by Zupintra Corporation, Inc. for coverage of the Company. From March of 2005 through July of 2006, TGR Group LLC was paid a fee of $40,000 by MIV Therapeutics for coverage of the company. In addition, TGR Group LLC was also awarded 272,000 warrants with an exercise price of $.26 by Trilogy Capital Partners for coverage of MIV Therapeutics. All of the aforementioned warrants have been exercised and shares have been sold in the open market. 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