Past Disclosure on stock (II)

DCL # 5753: Possible implication of implementation of E.O. 266
Company Reviews - Activities (04 Dec-2006 PSE)

The impending implementation of Executive Order 266 otherwise known as Strong Republic School (SRS), a distance learning school has exponentially expanded the market potential of TBGI. TBGI estimate that this executive order covers approximately 30,000 public schools which require a full rollout budget of PhP 10.0 for internet connectivity and computer laboratories. TBGI is strategically positioned to grab a big chunk of the market created by EO 266. To begin with, TBGI has an existing franchise for telecommunications satellite which is valid up to year 2023. There have been queries from other entities whether TBGI is willing to allow them to participte in the use of TBGI franchise for their on-going businesses or expansion programs. TBGI's internet connectivity via satellite is specifically suited for schools in remote areas that cannot be linked by other means. TBGI has already 156 private schools linked up all over the country availing of this facility including the Roman Catholic Church, which we feel is a great privelege of TBGI contributing to education and social welfare in this country. TBGI considers education and helth care as its contribution to corporate social responsibility from among its business activities. These two business growth areas will propel TBGI to bigger roles in the Philippines economy as it expands its reach via a major portal that will provide a wide array of web-based services. TBGI financial condition has shown significant improvement over the past quarter because of collection of major receivables from its clients. TBGI management expects the company to further improve its financial condition and profitability because of existing operations, new projects in the pipeline, and possible tie-ups with other majors.

Source: Technistock