We knew this was in the works, but Universal Delivery Solutions (UDSG) started the weekend with some good news about delivering for Manhattan Subway sandwich shops.

The last we heard about the partnership was October of last year. If you missed the news, just click here for our entire coverage. Or, if you want the Q&D version, here goes…

All the Manhattan Subways can deliver subs, but handling it at the store level could be a logistical nightmare. To centralize and streamline the process, UDS Group has established one nationwide toll-free number to call in a delivery order. UDS handles all the logistics; all the local store has to do is make the sandwiches and tell the driver where to take them. For doing this, Universal Delivery Solutions takes percentage of the dollar amount of the order.

The ‘bigger picture’ plan is to reproduce the same one-phone-number setup, for other restaurants. Eventually, they could do the same for grocery stores, pharmacies, dry-cleaners…you name it.

Though the deal with the Manhattan Subways was deemed a pilot, that’s one high-profile trial program. It involves dozens of restaurants. Plus, it’s New York. If they can make it there, (and sorry for the cheesy cliché) they can make it anywhere.

If this Manhattan Subway arrangement works as well as we think it can, we anticipate the degree of interest in UDS Group’s offer to rapidly. To that end, just know there are nearly 1 million restaurants in North America. That’s a lot of potential partners.

If you were waiting on micro cap Universal Delivery Solutions’ (UDSG) chart to start behaving better before jumping in, you might want to take notice of some recent developments. The stock pulled out of the funk it was in during Q4 of last year, and is trying to find a new, bullish groove. Chart watchers take note - there’s a whole lot to think about here; we’ll look at just some of it.

In late January, UDSG broke above its 50 day moving average line for the first time in a long time. That move also shattered what was becoming a fairly troubling resistance line. Nice, but better still was how shares found support there on the 11th, and pushed off the 50 day line on the 12th.

As it stands right now, that’s a higher high and higher low. Though a little ambiguous, it’s also a decent start to a recovery.

Some traders would look at the chart and suggest a move above the early-February peak of 6 cents would be even more bullish (and we’d agree). But, if you don’t know to watch for it between now and then, you may miss it when it happens.

As for the levels Universal Delivery Solutions is likely to start or stop, we’ve got Fibonacci lines to help us draw that map.

The short-term Fib lines don’t really tell us much. Spanning from the October peak of 8.8 cents to the January low of 2.7 cents, we don’t see any relationship to the most recent (February) highs and lows.

When we zoom out and use last June’s high of 12 cents as a peak, then the recent high of 6 cents starts to make a little more sense.

A 38.2% retracement of that pullback would put the stock at 6.3 cents…just a hair above where we were a few days ago. We think that line is still in play though. If-and-when we revisit it, be alert. If we happen to cross it, the next potential ceiling lies at 8.5 cents. That’s also the high water mark for Q3 of last year, so we wouldn’t take a stall there too lightly.

All the same, the current momentum seems to be favoring the bulls. There hasn’t been much supporting news from the company over the last few days, which is a bit uncharacteristic of UDS Group. However, they continue to work on upgrading from their pink sheet status to the OTC bulletin board exchange.

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This micro cap stock seems to become a little less micro every day. Universal Delivery Solutions (UDSG) announced this morning their partnership with Salad Creations would be expanding along with Salad Creations’ planned growth in 2008.

The relationship was forged in May of 2007, when Salad Creations asked Universal Delivery Solutions to handle delivery order processing for one store in Boca Raton, Florida. The test was expanded to Coral Springs and Weston in July of last year. Apparently things went well, since UDS Group will be on board for Salad Creations’ expansion into Texas and Maryland in 2008.

This is a pretty big deal for Universal Delivery for a couple of different reasons.

First, it validates the viability of such a service. Though the restaurant in this case - Salad Creations - is now going to be a nationwide name, the delivery logistics for all of those stores is to be handled with one call center, using just one national phone number. That’s a much more efficient way of handling phone-in and delivery orders. When other restaurant chains start to see the service in operation, they too may inquire about getting UDS Group involved in their own marketing plan.

The second reason this is a big deal for Universal Delivery Solutions is much more straight-forward…revenue. Salad Creations currently operates 34 units, which may well be their biggest single customer. However, Salad Creations intends to open more than 100 units in 2008. With Universal Delivery Solutions along for the ride, we suspect UDSG’s top and bottom lines are going to start making some significant progress.

As for the stock, owning UDSG wasn’t necessarily any easier to own than any other stock has been since late October. So, while lower, the fact that it held its ground relative to the market at least deserves acknowledgement.

What we found to be impressive - and bullish - was the price action over the last couple of days. The stock had been working on a recovery, but finally made good on the promise Wednesday with a strong move past some key resistance.

Though it might be a tad soon to say this is the beginning of better days, it wouldn’t be wrong to start considering the possibility. Remember, Universal Delivery Solutions is still working on getting their stock listed as a bulletin board equity. An upgrade like that could really be a boost for shares.

Here’s today’s press release.

Micro cap company UDS Group (UDSG) is officially one step closer to getting its stock listed as a bulletin board equity. The required audits we first mentioned back on August 14th are now completed. Now that the SEC has two years worth of verified results, UDS can submit the appropriate application.

UDSG currently trades as a pink sheet stock. That’s fine, though not an endpoint for a company looking to grow the organization the way UDS Group wants to grow their operation. However, since the SEC requires to years worth of accounting statements to make sure a company qualifies for a bulletin board listing, the data has to first be gathered - and audited - before a decision can be made. Now that UDSG’s data is compiled, the next step is clear….file the application.

We believe this could be finished and approved sooner than most people may realize; UDSG may be trading on the bulletin board by the beginning of next year, depending on when they submit the paperwork. Regardless of when though, the higher-level exchange and improved stature should help the stock trade well. 

Here’s the press release.

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Micro cap company Spicy Pickle (SPKL) continues to grow at a rapid pace, opening their 31st store last week, and signing leases for two more. The newly-opened one is the second one in Indianapolis, Indiana. A total of ten are on tap for the area. The two new leases were signed for pending stores in San Diego, California, and Austin, Texas. It’s the first store in San Diego, though twelve are on the way. It’s the third store in the Austin area.

As we’ve mentioned before, each store established in a new market is like a seed…the first one softens the ground, which means the following ones are well received. And in all cases so far, their popularity among consumers has had a positive ripple effect. We suspect this is the primary reason for such a brisk pace of growth right now.

Moreover, this early-stage company is why we feel SPKL is an early-stage investment opportunity. As more saturation occurs, the risk/reward dynamic of being a shareholder changes.

Speaking of shares, the pullback seems to have stabilized after a full 61.8% retracement of a historic run-up. Many traders would consider this a relatively safe ’second chance’ entry point, or perhaps a first chance for anyone waiting for all the early volatility to subside.

Additionally, the company reported quarterly earnings on Wednesday. No surprises really…the cost of ‘going public’ was built into the bottom line, making the loss seem substantial to anyone not reading the income statement closely. Those are one-time fees, and shouldn’t be a factor at all going forward.

Also, note that the company doesn’t book franchise fees until that store is open. Considering a significant number of stores were open after their reported quarter was completed, the ‘then’ doesn’t exactly reflect the ‘now’. More than that, the number of stores being opened right now is accelerating. We believe next quarter will be significantly stronger than this past quarter, and encourage you to focus on the future rather than the past for this micro cap stock.

Here’s the full press release on the store openings, while the quarterly fiscal information can be found right here.

The saga continues for this micro cap company - and its stock. Spicy Pickle (SPKL) announced Monday afternoon that two more stores had been opened during the prior week. Adding those two to the two opened the week before, the total number of units now up-and-running is 30. The company plans to have 10 more open by the end of this year, and 50 more franchise agreements beyond those 40 have already been signed.

One of the new stores is in Hattiesburg, Mississippi. The other is near Indianapolis, Indiana - in the Fishers suburb. In both cases it’s the first Spicy Pickle in the area, though not the last. Two more are slated for Hattiesburg, and nine more are planned for the Indianapolis area.

The Micro Cap Press research team believes these are key expansions - not just in numbers, but geographically. As new markets are penetrated, it becomes easier to establish a foothold in other new markets. Potential franchisees see the current rapid growth, and want to establish their restaurants before some other restaurateur claims a territory.

The food is being well received too, as evidenced by busy stores. Consumers tend to follow the crowd…and a buzz. Though it’s counter-intuitive, the longer the lines are, the longer the lines get. We suspect the ‘newness’ of the concept is going to sustain interest and growth with this micro cap company.

The stock? ‘Wow’ pretty much sums it up. The move from 69 cents a month ago to yesterday’s close of $1.88 may have exceeded anybody’s expectations. At this point, we’ve heard some traders are starting to lock in a short-term profit. Though the general consensus is that SPKL will eventually be worth $2.00, or more, as of right now, there are also a few shareholders taking advantage of a short-term overbought situation by selling their position and waiting to buy them back on a dip.

For the full news release, click here.

Spicy Pickle (SPKL) has officially released their first bit of news as a bulletin board stock. Yesterday afternoon, we learned the company has signed a new Franchisee in Gainesville, Florida. It will be their first store in the state, and it should be open sometime in 2008. The company’s real estate selection team has begun the hunt for an ideal store site.

While one store may only be a drop in the bucket, with new restaurant concepts, one store can be like a seed. Once the seed takes root, branches start to sprout. We won’t be surprised to see a few more Spicy Pickle’s pop up in Florida shortly after this one goes up.

Also, if you haven’t had a chance to view the web film, we encourage you to do so. We know a lot of you can’t actually go and try the food (yet), so the presentation really gets you up close and personal with what this restaurant really is. More importantly, it can really explain what all the buzz is about within the investment community.

As far as trading is concerned, what’s not to like? On the Friday we released our profile, SPKL closed at 69 cents. As of right now (10:24 AM on the next Friday), it’s trading at 91 cents. That’s a 31.8% gain in about a week. Better still, the volume still seems to be matching the upward momentum, and we’re still seeing higher highs and higher lows. The amazing part? Based on our analysis, SPKL is still undervalued as an intermediate-term holding.

For the full news release, click here. To see the brief video, click on the image above.

The plan was first announced back in July, but Universal Delivery Solutions (UDSG.PK) has officially begun their stock repurchase plan. The company formally released the news early this morning, citing the same rationale and benefits discussed in the July press release.

Specifically, the company believes their shares to be undervalued relative to their growth forecast. Rather than just paying lip-service to the notion, UDS is putting money where their mouth is. A buyback plan will not only pressure stock prices higher because of greater demand, it will also make the float less diluted.

If UDS buys all 10 million shares mentioned when first publicly announced, we estimate the number of outstanding shares will be somewhere around 171 million.

Though the process could take several days - if not weeks - to complete, we view this as a positive event for shareholders.

To review today’s news release, click here.

Late last week, Zupintra Corporation (OTCBB: ZUPC) announced they were experiencing delays in finalizing the letters of credit they needed in order to start providing telecom termination services in certain South American markets. The credit was hoped to be in place by September, which would allow the company to immediately begin connecting calls as well as billing. Now, the company isn’t sure when the credit backing will be available. This is a fairly severe burden on an already-struggling stock.

However (though most investors apparently do), we don’t believe all hope is lost. On the other hand, we also don’t see a light at the end of the proverbial tunnel. Without this credit, Zupintra is basically handcuffed in terms of driving any real revenue. In fact, we feel one of the key upsides this opportunity offered was the notion that the bigger prize was just on the verge of being realized. The prize is still waiting out there, but it’s unclear when or if it will be attainable.

We still recommend keeping this stock on your watchlist. Though we believe its current situation offers dubious value to shareholders, the situation could also change at a moment’s notice - with the simple finalization of some credit terms.

For the official word from the company, click here.

The rumors are slowly becoming reality for this micro-cap company. Universal Delivery Solutions (UDSG) has been chosen to provide delivery management for a large group of franchised Subway sandwich shops in Rockford, Illinois. Crest Light Limited, Grace Light Limited, and Lane Light Limited (a multi-unit Subway franchisee) will tap UDS Group’s delivery know-how as they add a delivery feature to their current customer service offer. 

Just as a quick reminder, Universal Delivery Solutions believes an effective pick-up/delivery offer is capable of increasing a restaurant’s revenue by as much as 25% within a couple years of implementing the service. The appeal to restaurateurs is obvious - more sales means more profit.

Universal Delivery’s offer is particularly attractive in that it’s a simple turn-key solution…UDS Group handles all the logistics and service - the restaurant just makes and delivers the food.

Though the company isn’t new, the service has only recently become ready for mass (i.e. public) implementation. And from our point of view, the company is off and running right out of the gate. We believe if this partnership in Rockford goes well, other Subway franchise groups will follow. And, other companies will start to become interested too.

With nearly a million restaurants in North America, we foresee a lot of opportunity to bring more units into the UDS Group fold. Since Universal Delivery collects a percentage of all the sales routed through their phone line, each new addition will pump up their top line, and eventually, their bottom line.

For more on the story, click here.

Universal Delivery Solutions Inc. (UDSG.PK) appears to be getting more and more attention from Wall Street every day, as the story behind the stock unfolds. This time around, CEO Ryan Coblin was able to discuss the ins and outs of the investment opportunity on the web-based market radio channel WallSt.net.

The interview examines recent events, strategic initiatives, and perhaps most importantly, details upcoming milestones investors may want to take special notice of.

The interview will be available for a few days at the site - just click here and look for the media player near the middle/right of the page. At a manageable 11 minutes in length, we encourage interested investors and current owners to listen in. We uncovered a few items that were not publicly available until the interview was released.

WallSt.net also allows users to post feedback and comment about its interviewed companies, including UDSG.

Universal Delivery Solutions Inc. (UDSG.PK) may be close to taking their stock to the next proverbial level. The company announced on Tuesday they’ve hired independent auditors to review and prepare their books for the purpose of becoming eligible for an OTC bulletin board listing.

Currently, UDSG shares are listed as a pink sheet stock. The company overseeing this inter-dealer quotation system - Pink Sheets, LLC - has no disclosure or reporting requirements for a company to maintain a listing. Though some pink sheet companies choose to submit SEC filings anyway, the general lack of disclosure requirement may cause some investors to overlook sound opportunities only because the stock is not listed as a bulletin board stock, or on a major exchange.

Cognizant of the potential hindrance to their stock’s full valuation, Universal Delivery Solutions has not only requested Sherb and Co. LLP prepare the SEC-required 10Q ’s and 10K’s going forward, they’ve also asked for an audit of UDS’s historical books. Using their financial history may allow Sherb to get UDS shares trading on the bulletin board sooner.

While this will change nothing about the company’s performance, our research staff does believe the bulletin board system to be a more credible exchange in investor’s eyes. Greater transparency and more liquidity associated with an OTC listing should encourage many more interested parties to actually trade these shares. Therefore, a bulletin board status may indeed be a bullish event for this stock.

For more, here’s the press release.

For more on how pink sheet stocks differ from bulletin board stocks click here.

UDS Delivery Group (UDSG.PK) has been gaining some interest within the investment community for a while now. And rightfully so…the company appears to be on the verge of starting to do some major business, after a couple years worth of process development and trials.

On top of that, the company recently joined the National Restaurant Association. Membership in the NRA allows them access to many of the 900,000+ food service stores all across the United States. UDS will be attending a trade show in January where 75,000 restaurateurs will be looking for ways to make their stores even better. Considering there’s nothing like UDS Group’s phone-in-order and delivery service out there, we believe their presence at the show will generate quite a buzz.

As of last week, UDS has started to garner some attention with the general business media. How so? They were the subject of an article appearing in the South Florida Business Journal. Most of the comments in the write-up were ideas and facts Micro Cap Press readers already understood, but there were a couple of more facets we found to be new.

The article is complete yet brief, so be sure to check it out by clicking here. In the meantime, our point is simply an acknowledgement and kudos - the UDS investment opportunity is being introduced to a mainstream audience.

…and no, we don’t mean the National Rifle Association.

The National Restaurant Association’s newest member is Universal Delivery Solutions (UDSG.PK). Though not a restarauteur itself, they do have an interest in the industry - it’s their proverbial bread and butter (no pun intended). Being a part of this organization gives the company instant visibility to those restaurants possibly interested in using UDS Group’s delivery/pick-up service.

The key membership benefit to UDS Group, however, may be a bit underestimated with just a casual look. As an NRA member, UDS is also able to attend the organization’s trade show in early 2008. The ‘big deal’ is how nearly all of the major food service chains send management members to the show to check out the latest and greatest ways to improve their restaurants. We expect UDS to be a stand out for one key reason - there’s nothing else like their service, anywhere.

More than that, UDS will be able to tell them some words these restaurateurs want to desperately hear…..a curbside pick-up or delivery offer can realistically help a restaurant improve revenues by as much as 25% within a couple of years. We believe that statistic, coupled with the novel way UDS can help them achieve that goal, should make a big splash with the 75,000 show attendees.

From an even wider view, being in the NRA and attending its trade show may end up being a catalyst for the company, and by extension, its stock. They’ve never been to the show before, and very few people within the industry are aware of who and what they are. Only a handful of restaurants are currently utilizing the service, as UDS has spent the last several months refining it before it’s rolled-out on a mass scale.

The service, however, is now ready for a mass roll-out. And by the time the show is over, most of the industry will have been introduced to UDS Group’s offer. We expect the company’s revenues to start growing exponentially shortly afterwards.

It’s been a while in the coming, but now that it’s here, we believe Zupintra Corporation (OTCBB: ZUPC) should be able to start making tangible progress towards revenues…and profits. 

Without rehashing the entire background on the company, Zupintra’s intent and business model is to serve as a telecom ‘termination’ point for most of Central and South America. In fact, their infrastructure and licensing is set up (or is being established) at this time. The fruits of their labor will be ripe when long-distance carriers start to route their customer’s calls through Zupintra’s network rather than someone else’s.

On Thursday we learned that Zupintra has already been doing so - successfully - for about two weeks. It was a testing period to make sure the technology worked as needed before rolling the service out on a major scale. We don’t know how many clients inter-connected with the Zupintra network, nor do we know who any of them are. That’s Zupintra exercising their right of proprietary secrecy, which is fine. 

However, a more important (and perhaps more obscure) milestone may have been passed. As part of the normal course of doing telecom business, a smaller termination network like Zupintra also needs to be able to extend credit to top tier providers. The big players ‘don’t pay as you go’, but rather expect to be billed on a monthly basis. That’s not unusual, but to be able to bill/invoice massive dollar amounts (relatively) you need the financial backing to do so. That backing is two-pronged. The first prong is accounts receivable insurance, which Zupintra had. The second prong was a credit line, which Zupintra did not have at the time of our last look, but has since acquired - apparently in just the last couple of weeks.

With both of the financial pieces of the puzzle now laid side-by-side with the technology piece of the puzzle, the company is in a good position to start delivering results - something that was largely stifled before. It’s our understanding that Zupintra has a $5 million letter of credit from Londesborough Finance - more than enough to get them started  in a way big enough for the company to reach their short-term goal of 2.5 million in revenues per month.

Though that fact has not been trumpeted, we believe it was a bigger deal than the company has stated. There was no official announcement the Londesborough deal had been approved, and only one mention of it in Thursday’s press release. Nonetheless, it has largely unshackled the company. Our research staff remains eager to see what kind of numbers can now be generated. We suspect they should be respectable within a few weeks.

And as far as the stock is concerned, good fundamental news couldn’t come soon enough. ZUPC shares reached a low of 10 cents on Wednesday, after peaking at 29 cents in April. The 20 day line has been resistance, while volume has been thin. Today’s news, however, may well be the needed catalyst to get the stock going again. An irony really…..the company is closer than ever to reaching its potential, but interest in the stock appears to be at an all-time low. Perhaps it’s an entry opportunity, in the sense that things are often ’darkest before dawn’.

For more on the news, click here.

Universal Delivery Solutions - otherwise known as UDS Group Inc. (UDSG.PK) - announced on Thursday that their delivery mapping procedure was to going to be handled in house, rather than outsourced. Aside from being an upgrade in terms of functionality, the decision will also save the company about $800 for each store represented by UDS Group’s pick-up or delivery service.
 
You may recall how UDS is a facilitator of delivery solutions for restaurants wanting to increase sales by offering delivery, but may not have the tools or infrastructure to make it happen efficiently. UDS offers a solution by acting as a call center to accept those orders, but also creates a line-by-line ‘optimal’ delivery route for the restaurant’s driver. The new maps won’t change anything from the store’s perspective, but the ability to create maps just got a whole lot easier for UDS….and a whole lot cheaper.
 
Before, the map was essentially purchased at an average price of $800 per restaurant, and generally took three weeks to receive the data. Now the company can instantaneously create the same map themselves, eliminating any wait time for a restaurateur that’s ready to start making deliveries as soon as possible. Thus, it serves as one more selling point for the service - a store can start delivering practically immediately.
 
Ultimately, we believe this will allow the company a substantial cost savings when operating at full capacity. UDS is gearing up to be able to handle thousands of stores. Versus $800 a pop, the new mapping system won’t be a fiscal annoyance. Moreover, the new system is much more effective at creating driver maps - a small detail on the surface, but a preemptive avoidance of a headache later.
 
For more, click here.

Though it could still be considered a start-up by some measures, based on its current rate of progress, UDS Group (UDSG.PK) may not be a true start-up much longer. Thursday morning the company announced their operational test with Salad Creations was expanding by two stores. Only the Boca Raton, Florida store was utilizing UDS Group’s order processing service. With the logistics of the partnership refined using the Boca Raton as a testing ground, now the Coral Springs and Weston units are being added to the effort.

In general, we consider this is a sign of feasibility. Given that Salad Creations is comfortable enough with the results so far that they’re expanding the offer, we believe the news speaks well for the whole concept. And, from UDS Group’s perspective, three stores can be handled as well as one store….or as well as 300 stores for that matter. The order processing model is completely scalable; once one store’s process is optimized, the others can follow that model.

Eventually, we expect all 25 Salad Creations units to utilize the UDS delivery/pick-up ordering system. However, success here should make it much more likely the concept can be sold to much bigger restaurant franchises later. Nationwide, there are over 900,000 restaurants - a far cry from 25 Salad Creation storefronts. The sheer size of the underlying growth opportunity is clear.

Beyond restaurants, similar delivery/pick-up opportunities exist for grocers, pharmacies, and dry-cleaners just to name a few. In fact, an order processing agreement with a group of convenience stores has already been forged. The logistic details should be worked out soon.

As we’ve discussed before, there’s really no viable direct competition for UDS Group. Our opinion stands - UDSG appears to be a highly-compelling speculative investment.  

For more on the Salad Creations news, click here.

Just a few days after retiring 27 million of their 208 million outstanding shares, UDS Group Inc. (UDSG.PK) took another stride towards improving their per-share value. Up to 10 million shares could be bought back by the company, according to CEO Ryan Coblin. There is no timeframe for the completion of the buy-back, and they will be purchased through the open market at the prevailing price at the time.

Stock repurchase plans are generally considered a positive for current shareholders. Besides the increased demand for shares - which can cause the price to move higher - the reduction of the number of shares in circulation means a slightly higher percentage stake in the company is represented by a single share. Think of it as reverse dilution…..the earnings could remain the same in terms of a dollar amount, but there would be fewer shares to ’share the wealth’ with.

Once they own (or re-own) those 10 million shares, UDS can do one of two things with them.

Their first option is, do nothing. Those 10 million shares can be held as treasury stock, which has no voting rights, nor do they pay dividends. However, treasury stock can be re-sold later (at hopefully a higher price than the purchase price) if the company wanted to raise funds/cash.

The company’s second option is to retire those shares permanently. The actual act of retiring them would have no impact on the stock’s price or value, as the shareholder benefit would already be fully realized by the repurchase in itself. However, by retiring any treasury stock, the odds of future dilution from their resale are wiped away. Thus, UDSG becomes a more attractive investment opportunity, which in turn means demand for the stock may improve. And don’t forget, retiring shares is not unfamiliar territory for UDS - they just retired 27 million shares a couple of weeks ago, so they’re at least willing to think along those lines.

Either way though, the basic message is simple - UDS Group believes their stock is undervalued, and is putting their money where their mouth is. Investors may do well to take the hint.

If UDS buys all 10 million shares they intend to, we estimate the number of outstanding shares will be somewhere around 171 million. Considering the company expects sales to ramp up while dilution is headed lower, this UDSG appears to be a pretty compelling prospect.

For more, click here.

As the company described they would several weeks ago, another key Latin American market has been brought into the Zupintra Corporation (OTCBB: ZUPC) fold. Thanks to the receipt of three key licenses, the company can now hit the ground running in Panama.

Zupintra announced they have been granted three licenses by the Panamanian government….one to offer international long-distance, one to offer Internet access (act as an ISP), and one to operate a call center within the country. Being permitted to do those three things will allow the company to proceed with its expansion plans in the region. Zupintra expects the Panama infrastructure to be in place and driving revenue by the end of their next quarter.

From a macro-view, these licenses represent tangible progress toward the company’s expansion plans. This is the third telecom license Zupintra has received for the region (networks in Argentina and Uruguay are already up and running), and more are said to be on the way. Considering the relative rarity of these licenses for most of the continent’s countries, this could be considered a big victory for the company, and its shareholders.

For more, click here.