Does anyone here know what fibre optics, broadband, entertainment mogul Dick Clark and two of the fastest growing cities in North America have in common?
Answer: InfoAmerica (otcbb: IFOA)
I know this board actively follows this sort of thing so here's a little more about IFOA straight out of their press release. No hype here:
* InfoAmerica, Inc. recently began final design and construction of one of Latin America's largest broadband fibre optic networks, comprising more than 2000 miles of broadband cable, in the northwest Mexican cities of Tijuana and Mexicali, Baja California. The two cities are among the fastest growing areas in North America, with combined populations of more than three million.
* Under an agreement to acquire Cable California SA de CV., InfoAmerica has a 30-year advanced telecommunications broadband concession from the Mexican government.
* Cable California is a venture between Dick Clark International Cable Ventures, Ltd., and Grupo Bustamante SA de VC. IFOA and Dick Clark International Cable Ventures, Ltd., are both controlled by television producer Dick Clark and cable television entrepreneur Dick Lubic.
Interesting? Then do your homework and see what you think. I'm not going to throw some wild price target at ya, just suggesting that maybe you want to throw this one on your screen along with ITRI