SINC / SFI SOUTHLAND FINANCIAL CORP - 500 Beiträge pro Seite

[OverseasEurope]

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Overseas Europe starts its coverage with a
Strong Buy recommendation on SFI - Southland Financial Inc.

-=(SINC NASDAQ BB)=-

it places a target of 25$ by year end 2000.

*Website

http://www.sincsfi.com/ (Under devlopment)

*Outstanding shares Details*

SFI has a total of 16,200,000 shares issued and outstanding, of which 3.5 million are publicly traded and
13,100,000 are restricted,

*Company Overview*

SFI aims to be the premier, independent communications `network service provider` in South East Asia.

SFI will provide cost effective, high quality, value added, last mile qolutions to its customers.

SFI opportunities are driven by new technologies including : - Video On Demand (VOD)
- Music On Demand (MOD)
- MP3 technology, MPMan
- Home Shopping and Home Banking
- Videoconferencing, Videocasting,
Videostreaping, Telemedicine
- Interactive Network Games
- Internet / Fast Internet Access Products

SFI also closed a deal with TEEL (Top Express Engineering Limited) which is expected to be worth $300 million in the next five years in terms of both existing and new infrastructure.


SFI recently has applied for the International Gateway License in Hong Kong,
OFTA (http://www.ofta.gov.hk/index_eng1.html), we expect news at the end of January, early February.

SFI holds the landing rights to Project Oxygen for Hong Kong. (www.projectoxygen.com),
(Project Oxygen will be one of the biggest fiberoptic projects in the world connecting 76 )
(countries,Project Oxygen dwarfs any other Line slated for coming into Hong Kong. )

SFI recently signed a letter of intend with CCF STARBRIDGE to apply and enter in the Internet, Intranet
and E-commerce area in Mainland China & Overseas (http://www.bcf.com.cn/bcf1/bcfhome.htm)

SFI is presently finishing a form 10 QSB with the S.E.C., In conjunction with receiving an approval
to a fully reporting status and the finalisation of project funding, the Company intends to make an
application for a NASDAQ listing and is
presently in final negotiations with qualified and experienced individuals to augment the board. Further
details of which, will be made available shortly.

SFI recently signed a mandate with Macquarie Bank (www.macquarie.com.au/oc/)
Macquarie Bank Limited of Australia will advise SFI on its project to establisch $200 milllion
international telecommunications gateway link into Hong Kong, UTI (United Telecom International ltd)
has obtained landing rights in Hong Kong for the $14 Billion global marine cable company,
Project Oygen, Macquarie Bank`s mandate with SFI includes the requirement of Project Oxygen
completing its network into Hong Kong on a timely and cost-effective basis.

*Latest Chart

http://www.bigcharts.com/quickchart/quickchart.asp?symb=sinc…

*Latest News Releases

http://biz.yahoo.com/bw/000118/southland__1.html
http://biz.yahoo.com/bw/000112/southland__1.html
http://biz.yahoo.com/bw/991202/southland_1.html
http://biz.yahoo.com/bw/991104/southland_1.html

*Board of directors & management

David A. Turik, President and Chairman of the Board
Mr Turik brings a wealth of telecommunications expertise to the Company having previously held senior executive management positions with Australian publicly listed companies, NetComm Australia, Telstra, (the former national carrier, Telecom Australia), AAP Telecommunications and Spectrum Network Systems, as well as Toronto Stock Exchange listed, TSB International. In the past 5 years, he has predominantly focussed on Business Development, Mergers and Acquisitions and project specific capital raisings. Mr Turik has held an interim role of acting President and Chairman for the Company and was responsible for identifling and negotiating the Company`s telecommunications infrastructure based project in Hong Kong. Mr Turik has held many private board appointments across a wide range oftelecommunications related organisations.

Martin Dougherty, Non Executive Director
Mr Dougherty has had a long and distinguished career in the media and communications field having held senior executive positions with both the John Fairfax Group and News Limited. Mr Dougherty has also held Board Directorships with the John Fairfax Group, the Australian Associated Press, (AAP) and David Syme Pty Ltd, (publishers of the Melbourne Age and Business Review Weekly). For over 17 years, Mr Dougherty has also been Chairman of Dougherty Communications; public affairs consultants, specialising in strategic public relations, issues management, telecommunications, Government and media relations. This company became a member of the Ogilvy Public Relations Group. Mr Dougherty was a member of the International Management Group of Olgilvy Public Relations during the 1980`s. He resumed private practise as a consultant in 1989.

Willie Lo, Executive Director, Chairman of United Telecom Inc, (Hong Kong)
Mr Willie Lo is a veteran of the Telecommunications and Information Technology industries. He has held senior technical management positions for over 18 years, with Hong Kong Telecom, Telstra, (Telecom Australia) and PRACOM Pty Ltd. Mr Lo has successfully managed a broad range of projects from cable network roll-outs to systems development and implementation. For 8 years, Mr Lo was a Project Manager for Hong Kong Telecom, managing the deployment of major cable networks. Mr Lo was the IT Manager, Media & Broadcasting, for Telstra, prior to becoming IT Manager for PRACOM and an Executive Director, for Pacific Communications Research P/L. Mr Lo holds a Masters Degree in Systems Engineering, (RMIT), Diploma in Business Studies, Hong Kong Polytechnic and Bachelor of Applied Sciences, University of Melbourne.

Robert Talbot-Stern, Non Executive Director
Mr Talbot-Stern, B.S. Econ. (Wharton), J.D. (Penn.), LL.M. (London), has had a distinguished corporate, academic and public career, having been Group Counsel for UNISYS and Assistant General Counsel for Chrysler. While at Chrysler Talbot-Stern held Board directorships with Mitsubishi Motors and Peugeot, while coordinating Chrysler Canada`s rescue effort. Mr TalbotStern is on a current White House Task Force on Deregulation and Competition, has been a guest columnist for the Australian Financial Review and business commentator for CNBC-TV. He has worked as a Management and Legal consultant in affiliation with consulting and law firms in Washington (National Academy of Sciences, McKinsey & Co., Herzfeld & Rubin, and Boston Consulting Group). He has been a past adviser to the Business Roundtable and Federal Reserve.

* Comment of Overseas Europe Staff

Note that : - China population 1.850.000.000 (1998).
- Hong Kong population 8.800.000 (1998).
- ITU (International Telecommunications Union) forecast global telecoms industry to be
1.5 Trillion USD by 2000-2001.
- The recently signed WTO will have a very postive impact for SFI on long & short term.

SFI will announce a new PR company who has a very good reputation on Wall Street.

Overseas Europe believes that the company is way undervalued and will update your further on upcoming
events and news releases.
For more info on SFI send a email at [e-mail].

[OverseasEurope]

check www.marketdd.com

SINC will be a HOT china play soon