TeraGlobal retains IR firm for revival

LOUISVILLE, CO: Network solutions provider TeraGlobal Communications has retained IR agency Carl Thompson Associates to revive its sagging stock price. Since TeraGlobal went public in September 1998, the San Diego firm's stock has dropped from an opening Nasdaq price of dollars 4.13 to its current price of dollars 1.78.

LOUISVILLE, CO: Network solutions provider TeraGlobal Communications has retained IR agency Carl Thompson Associates to revive its sagging stock price. Since TeraGlobal went public in September 1998, the San Diego firm's stock has dropped from an opening Nasdaq price of dollars 4.13 to its current price of dollars 1.78.

LOUISVILLE, CO: Network solutions provider TeraGlobal Communications has retained IR agency Carl Thompson Associates to revive its sagging stock price. Since TeraGlobal went public in September 1998, the San Diego firm's stock has dropped from an opening Nasdaq price of dollars 4.13 to its current price of dollars 1.78.

The IR firm's CEO, Carl Thompson, blamed market volatility for TeraGlobal's stock woes, but also said the company has never properly approached the media or investors.

TeraGlobal has not yet reported earnings to the SEC and Thompson would not disclose them. He acknowledged the company is in debt and explained that one of his first priorities will be a brainstorming session in which he wants to 'redo' the entire company, from logo to mission statement.

'It's going to mean massive phone contact with brokers and money managers, and intense one-on-one meetings throughout the country at least several days a month,' Thompson said.





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