Dow Jones 13541.66 -1.22 8:47 am PDT, May 22, 2007 NASDAQ 2580.61 +1.82 For info, visit access.smallcapnetwork.com S & P 500 1523.74 -1.36 Change your subscription status here Russell 2000 835.31 +1.66 VOLUME 07 : ISSUE 51 Phinder's Revenue 'On' Switch Just Flipped  If there's anybody on the planet left doubting that Phinder Technologies (OTCBB: PHDT) is serious about winning a big, fat chunk of the global telecom market, then today may be your proverbial final straw. More importantly, I think PHDT shareholders stand to be magnificently rewarded soon. Why? Because the company has literally flipped the revenue 'on' switch.....something I suspect the rest of the market was waiting to see.  Maybe I'm getting a little ahead of myself though. Aside from driving telecom revenue now - compared to no telecom revenue a year ago - I think one of the more interesting parts of the Phinder story is how nobody has a right to be surprised about their growth. Just for perspective, this is what was said in a May 4th press release.... Zupintra Panama, a subsidiary of Phinder Technologies Inc., is pleased to announce it has completed the initial construction phase of its Latin America network....We have completed testing and expect to start running traffic and realizing revenues within the next several weeks."  Today, this is what was announced.... "We are pleased that we have successfully deployed production traffic on our new direct routes in Argentina and Uruguay...The company anticipates that it will generate approximately $250,000 per month in revenue over the next couple of months by selling minutes to international carriers via these direct routes."  What a breath of fresh air - a company that explains its plans, and then executes them! For me (and the stock), it establishes a gigantic amount of credibility.    Say What You Mean, Mean What You Say The thing is, this isn't exactly the first time they've backed up their words with actions. In fact, you don't have to look too far back in Phinder's history to recognize they've developed a good track record of saying what they're working towards, and then actually doing it.  On May 18th of last year, Phinder first announced it was looking to acquire a company in a non-related (at the time) industry. By July 20th of 2006, the acquisition was complete....Phinder bought KBD Inc., and was instantaneously in the telecommunications service business - KBD was a VOIP service provider. It was also on this day we first learned of Phinder's ultimate intent - to dive into the international telecom arena. It was only one sentence in the press release, but it was a very important one....."Phinder Technologies is in the process of obtaining telecommunications licenses overseas, granting termination of bulk minutes."  They were true to their word.  On March 19th they announced a joint venture with Italba Corporation - called Zupintra Panama. The aim of the venture was to develop next-generation telecom services in Latin America and the Caribbean. By May 4th, we learned they had completed the initial construction phase of the Latin America network.  So, knowing the company isn't just blowing smoke, I think it's worth repeating another plan Phinder has already made public - the company is projecting revenues of $2.5 million per month by the end of Q2. Annualized, that's $30 million per year, just for starters. If the past is any indication of the future, I'd have a hard time believing they won't achieve that.    The Numbers Do Add Up In the meantime, here's the near-term monthly tally according to my calculations....  The Argentina/Uruguay deal is expected to pull in $250,000 per month....over the next couple of months (which tells me they're thinking this pot of gold could be growing soon). Even conservatively assuming there's no growth, that kind of production on an annual basis means about $3 million in sales. We also learned a few days ago a similar project in Ghana, Africa was getting underway. At $99 per month with just the initial 3000 installations, that could translate into about $3.5 million in annual revenues. More than that, Phinder could service up to 10,000 Ghana installations, making the total potential of the Ghana opportunity a $12 million per-year possibility. Let's just be conservative for the time being though.  That already puts the total annual telecom figure somewhere above $6 million.  Now, think about this....so far, only Argentina and Uruguay are up and running within the Latin American network. They have several more licenses to do business in that market, through their relationship with Italba. In other words, there's a lot more unrealized potential there than what they've already tapped.  And don't forget, Phinder had done $2.2 million in domestic VOIP revenue in only the latter portion of last year - after the acquisition of KBD. Assuming that vehicle is still in place, my annual total is now past $8 million....and the vast majority of their target markets have yet to be entered.    Sales - Fuel For The Stock Combining the numbers I'm already seeing with Phinder's penchant for doing what they say they're going to do, I just like this stock's potential - a lot. Between Latin America, other African nations, and the whispers of European and Asian telecom ventures, I'm guessing there's actually a lot more than $30 million worth of telecom business to be won out there. So, when they tell me they can at least get that much business, they've earned my confidence enough that I believe it. I don't want to belabor the point again, as we've gone through the model a couple of times, but......at $30 million in annual sales, we think PHDT is worth our suggested target of $1.25 per share - about 500% above its current trading level. Needless to say, I feel the stock is a bargain right now compared to where the company seems to be going.  As for timing, I think sooner is probably better than later for anybody interested in being an owner. Frankly, I was surprised when the stock didn't jump on a couple of news items from several days ago. As it turns out, there may have been a block of a few hundred thousand shares up for sale. I believe most if not all of that has been burned through though, so I don't know if any procrastinators will get another reprieve. Like I mentioned above, now that the revenue switch is 'on', I can see the stock's 'on' switch being flipped soon too....and I sure wouldn't want to chase it after the fact.   Zupintra Panama, S.A. Announces New Customers for Latin America Voice Network  MIAMI, May 22 / - Zupintra Panama, S.A., a subsidiary of Phinder Technologies Inc. (OTCBB: PHDT) announced today that it has completed the initial construction phase of its Latin America network. With this network, Zupintra Panama will expand its wholesale telecommunications products to leading international telephone companies worldwide.  "We are pleased that we have successfully deployed production traffic on our new direct routes in Argentina and Uruguay as expected," stated John Alexander (Lex) van Arem, CEO of Phinder Technologies Inc. "The company anticipates that it will generate approximately $250,000 per month in revenue over the next couple months by selling minutes to international carriers via these direct routes."  "The future certainly looks bright for us in South America as we continue to build upon our successes in that area with our outstanding team of partners," stated Christopher G. Hall, Chief Operating Officer of Zupintra Communications Inc.  Phinder Technologies' core business runs through its wholly owned subsidiary, Zupintra Communications Inc. Zupintra is a facilities based retailer and wholesaler of international voice traffic within the carrier to carrier network. As a wholesale VoIP provider, Zupintra Communications Inc. holds both origination and termination contracts with PTT's and next generation carriers.  FRANKFURT - WKN #: A0DQU5  In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, PHDT 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, PHDT 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: Phinder Technologies 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 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. Add your email address below and make sure to check your email inbox and confirm your opt-in request to start receiving the Small Cap Network Email Newsletter on a regular basis. To ensure newsletter delivery, you can add any additional email addresses you may have to the Small Cap Network Member List. Receiving the Small Cap Network Newsletter in multiple locations is the best way of making sure you don't miss the next investing or trading opportunity! For web based email addresses, the Small Cap Network recommends @yahoo.com or @aol.com for timely and reliable email newsletter delivery. Subscribe Here Note: Your email address will be kept strictly confidential, and will not be shared with any other entity for any purpose at any time. If you no longer wish to receive the Small Cap Network Newsletter, simply follow the instructions located at the bottom of every Small Cap Network Newsletter Edition. 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 Phinder Technologies, Inc. for coverage of the Company.  From time to time TGR sells shares received as compensation for coverage of client companies. Shares received are sold in the open market. Since the shares are received as compensation for services as previously disclosed, and not for investment purposes, TGR does not view the sale of the shares as contradictory to any opinions delivered in the content. This should be viewed as a conflict of interest by shareholders or prospective shareholders of the client companies.  TGR, its Members and Members' families, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication unless specifically disclosed.  All statements and expressions are the sole opinions of TGR and are subject to change without notice. A profile, description, or other mention of a company within SCN is neither an offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein.  The profiles, critiques, and other editorial content of SCN may contain statements that appear foward relating to the expected capabilities of the companies mentioned herein.  THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF TGR.  We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at http://www.sec.gov/consumer/cyberfr.htm. Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.