SEATTLE-Cellular Technical Services Company Inc., a provider of real-time information processing and management solutions for the telecommunications industry, announced the formation of Isis Tele-Communications Inc.
This majority-owned subsidiary will primarily design, market and distribute domestic and international prepaid long-distance wireless phone cards.
“As part of CTS’ overall strategy to provide a wide range of products and services for the telecommunications industry we, together with three highly experienced phone card industry executives, have created Isis to focus on the expanding prepaid phone card industry,” said Stephen Katz, chairman and chief executive officer for CTS. “Industry analysts estimate that this market is approximately $2 billion and growing at double-digit rates. We have previously stated that one of our goals was to identify new business opportunities to grow the company’s revenue and profits. We believe the prepaid phone card market is one such opportunity, and that Isis will begin to contribute revenue almost immediately.”
