IR/PR PROS, a leading source of news and information on small cap technology companies, has initiated coverage of PhoneBrasil International (PINKSHEETS: PHBR - News) today and reported that shares are now seeing a steady increase in volume and are trading at their most attractive price levels in 4 months.
“PhoneBrasil International, Inc. and Atlanta, GA based Tacora Wireless Inc. had previously announced late last year both parties had finalized, dually signed, and executed the agreement for the first large-scale WiFi/Wimax Platform in Brazil. IR/PR PROS spokesperson commented, “Understand and take into mind this type of large scale network/platform takes time, lots of planning, proper testing, and requires many of local, state, and Federal approvals.”
“PHBR now having Governmental approval is advancing in achieving the necessary process to get final approval from TUV and CPQD. Upon the full completion (roughly 2 years) this First large-scale Wi-Fi/WiMAX will have a valuation of over $1 Billion US.”
“Shares of PHBR closed Monday at $0.31 a share, down $0.06 on the day, and have consistently proven over the past four quarters that they can trade well above $1.25 per share.
