Sign up for our newsletter - Navigating the horizon of business technology​
Technology / AI and automation

TELESPHERE INTERNATIONAL HAS CASH FLOW PROBLEMS

Oakbrook Terrace, Illinois phone company Telesphere International Inc has run into serious cash flow problems as a result of its inability to collect the money owed to it for its 900 number chatline service where up to eight people can join in a party conversation: it says that an unidentified investment group is interested in buying convertible debt which would lead to a change of control if fully converted; in the meantime, it says it will report a significant fourth quarter loss and that losses for the year will be above $10m.

White papers from our partners


This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.