Dow Jones 13488.12 -1.30 6:30 am PDT, June 21, 2007 NASDAQ 2599.96 +0.00 For info, visit access.smallcapnetwork.com S & P 500 1512.47 -0.37 Change your subscription status here Russell 2000 836.18 +0.00 VOLUME 07 : ISSUE 59 Phinder, or Zupintra? Both Spell Opportunity  You may want to take a good look at the Phinder Technologies Inc. (OTCBB: PHDT) logo to the immediate left. Why? It's probably going to be one of the last times you see it. As of this morning, the company has changed its name to Zupintra Corporation Inc. (OTCBB: ZUPC). Note there's a new symbol as well. And as it just so happens, there's some good news to go along with the new name. First things first though.....  Why a new name? True, there wasn't anything particularly wrong with the old one. In fact, I kind of liked the way they were able to get creative and spell a very common word in a very novel way (using 'Ph' instead of an 'F'). I just believe the organization decided it would be easier for the corporate name to match the name most of its customers know them by, which is Zupintra.  From that standpoint, I agree with the switch. Recognition can be key when trying to attract customers as well as investors. This new layer of consistency may make it easier to do both. In any case, the new symbol is effective as of today, and may already be working for most data providers. If not, we think PHDT may still work as well - at least for a while longer. We'll be making the name and ticker adjustments on the site, but it won't affect any of the pricing history, targets, or stops.  OK - enough said. Now check out the company's latest update on their growth initiative.    Signed, Sealed, Delivered  Remember the Ghana news form a few weeks ago? We actually brought up the possibility on May 16th, but things weren't absolutely finalized until yesterday. Just as a quick refresher, Zupintra will be supplying Internet and voice (phone) services in Ghana, Africa. The first wave of installations will set the service up for 3000 locations, but the company can actually provide service for up to 10,000 installations in the area. The package will cost $99 per month, per customer.  So what? There are two obvious ideas I see here. One is an at-face-value theme, while the other is 'bigger picture'. I know I've probably touched on both of these ideas before, but frankly, I just don't think the market gets it yet. So, I'm more than happy to put them out there again.  #1. Just like the release says, Zupintra expects to generate $100,000 in revenue per month for every 1000 installations. So, with 3000 installations on tap, the math works out to be $300,000 per month, or about $3.6 million per year.....just from Ghana. Personally, I think the market will eventually tap into the full capacity of 10,000 installations, which will mean $1 million per month in revenues for Zupintra. That would mean annual sales of $12 million. Just for perspective, the company is probably going to do a little less than that for all of last fiscal year (the final results should be out soon). By the way, Zupintra's current market cap is about $12 million, making the Ghana opportunity a big one for the company.  #2. Ghana is just one of possibly thousands of similar opportunities in the world. The onset of high-speed Internet has opened the doors for VOIP services, really on a global basis. With geography not a barrier anymore, Zupintra is just aggressively going out there and winning the business. The cultivation of the Latin and South American market verifies that. How many unserved or underserved markets are there? I have no idea where to even begin counting, but I think it's plenty enough to keep Zupintra busy. Point being, a few weeks ago when Zupintra forecasted monthly revenues of $2.5 million, it actually seemed a little conservative to me.   My Valuation Model  Remember, Zupintra's telecom business is essentially a new venture - at least on a large scale. It was less than a month ago today the company announced that the Argentina and Uruguay networks were finally up and generating revenue. At the time, the company expected to do about $250,000 per month with those markets, with more sales growth to come as time went on. Add that in to the $300,000 per month I think we can reasonably count on from Ghana, and what you get is a company creating a little more than $6 million in revenue per year.  Here's the critical part though......that revenue figure is just the result of tapping three markets. There are plenty of other markets in South America the company is already working on, and I have to wonder if other African or Asian markets are also being lined up.  Not to be repetitive, but based on Zupintra's rapid addition of new telecom markets, the company's forecast of $30 million in annual revenues (for starters) seems very reasonable. Like I also said a moment ago, the market cap is about $12 million. Just let that sink in for a second......a $12 million market cap, and a realistic forecast of $30 million in annual sales. The price/sales ratio works out to be about 0.4. For comparison, Qwest's (NYSE: S) P/S ratio is 1.37, while AT&T's (NYSE: T) is 3.31. Drilling down into long-distance providers, Telefonos de Mexico's (NYSE: TMX) price/sales ratio is 2.33, and General Communication Inc's (NASDAQ: GNCMA) P/S ratio is 1.41. See where this is going? To bring Zupintra's valuation just in line with its competitors and peers, you're talking about an enormous appreciation. That's the sweet spot I see for speculators.  And don't even get me started on margins in this business......telecom margins (gross and net) tend to be huge. We'll look at that next time.  Now, if you were or are a ZUPC owner, you don't need me to tell you it's been a roller-coaster ride lately. We saw this stock trade as high as 26 cents in late May, and as low as 13.5 cents just a few days ago. It last traded on Wednesday at 17 cents. That's just the nature of the beast.  My honest opinion is this.....I think the weakness has been more market-related than company-related. Strict followers of our suggested targets and stops may have already made an exit. We drew our line in the sand at 14 cents, and ZUPC hit 13.5 cents on the 12th. The best advice I can offer now is not to throw the baby out with the bathwater. In fact, I think that move from the 12th may have also represented a bottom. I still believe Zupintra is a very underestimated stock, for reasons described above. In fact, we're re-issuing our suggestion to own Zupintra, with the same parameters a before.....based on the low P/S ratio using forecasted revenues of $30 million, we think ZUPC could reach as high as $1.25. Again, we suggest a stop at 14 cents.  Anyway, here's the news for your review. By the way, don't forget Zupintra will be issuing a stock dividend for all shareholders as of June 22nd. For every 20 shares you own, you'll get one more, Plus, you'll also get an 18 cent warrant.    Zupintra Corporation Finalizes Ghana Deal and Completes Name Change  Miami, June 21, 2007 -- Zupintra Corporation Inc. (OTCBB: ZUPC) -- Zupintra Corporation Inc. announced today that the company has finalized an agreement on behalf of Zupintra Communications Inc., a wholly owned subsidiary of Zupintra Corporation, with Network Technologies International, Inc. (NTI) to provide prepaid internet and voice services for the Ghana market.  With this agreement, Zupintra will provide an initial installation of bundled services in three thousand (3,000) homes. Zupintra can provide services for up to ten thousand (10,000) subscribers in Ghana under a prepaid platform. NTI has had a presence in Ghana for the past four years and will provide all technical support. NTI will also implement and facilitate the installations under the supervision of Zupintra.  The bundled service including local, long distance and high speed internet will be sold for $99.00 per month. Long distance rates will range from 0.17 to 0.19 cents per minute, reducing the present cost to the subscriber of around 0.20 cents per minute. Zupintra expects revenues of up to $100,000.00 per month for every one thousand (1,000) households completed, in addition to the long distance revenue.  "There is a tremendous amount of opportunity in Ghana for the types of services and price points that Zupintra can provide," stated John Alexander (Lex) van Arem, CEO of Zupintra Corporation. "This agreement will make Zupintra a household name in the Ghana market".  Additionally, the company has completed the name change to Zupintra Corporation Inc. The new CUSIP number is 98982J 10 4.  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.  Network Technologies International, Inc. (NTI)is dedicated to building, owning, and operating Tier 1 & Tier 2 quality telecommunications network infrastructure in emerging global markets. The Company's competitive advantage is derived from efficient utilization of VoIP technologies, combined with an intimate knowledge of its markets. NTI facilities include infrastructure in the United States, Ghana and Mexico. The Board of Directors has over 40 years of combined experience with extensive backgrounds conducting business in the Company's markets. The corporate offices are in Newport Beach, California, and it maintains a staff of 14 in California, Utah, Washington, DC, Mexico City and Accra, Ghana.  FRANKFURT - WKN #: A0DQU5  For Investor Relations contact:  David Putnam  Email: ir@zupintra.com  416-815-1771 ext.227  www.zupintra.com  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.    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 New Articles Are On The Homepage  In case you're only a regular reader of the e-newsletter or the blog, you may want to take a look at some of the new - and exclusive - commentary we've posted on the homepage.  Last week in the 'Heating Up' column we studied some interesting international ETF opportunities. 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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 350,000 shares of newly issued restricted stock by Smart Energy Solutions for coverage of the Company. 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