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Competition in the prepaid phone card market is driving down prices for consumers. Yesterday Florida-based Transco Research Corp. cut the price of its card product to 9 cents per minutes for domestic calls. One year ago most prepaid phone cards charged between 25 and 40 cents per minute. This year a number of players have lowered rates to the 15 cents per minute range. Transco also offers a regular calling card program with a domestic rate of 19 cents per minute. The company dispenses its cards through ATM-style vending equipment and has a master distributor agreement with Frontier Communications.
FULL STORY:
Transco Research Corp. (NASDAQ:BB - news) has cut the price of its local access long distance prepaid phone card calls to 9 cents per minute from South Florida throughout the U.S., said Guy Cohen, president.
And its international card offers 800-access at competitive rates and a domestic rate of 19 cents per minute.
Based on shipments and orders for Transco's ATM-style prepaid phone card vending equipment and its prepaid cellular phone products, Cohen projected for the fiscal year ending June 30, 1998 revenues of approximately $12 million, and earnings per share of approximately $.75.
He also announced the acquisition for stock of Debit Distribution Inc., of Fort Lauderdale, Fla., a prepaid phone card and cellular phone master distributor having agreements with several long distance carriers, including Frontier Communications.
And Cohen announced that Transco's newest product, ``The Cell Phone to Go'' is now available, with national coverage. He also announced the opening of the firm's Florida office at 1000 McNab Road, Fort Lauderdale.
