The Presidential Interview Series - Inside Look

November 14, 2007 (Denver, CO)

The Presidential Interview Series Presents: An Interview with the President of US National Telecom (USNT), Gregory Giagnocavo

M: It’s always so interesting to speak to the person running things to get a behind the scenes look at what the Company is really about, how things came to be and what plans are in the making.

G: It’s great to get a chance to speak about this venture, all the more so when it’s so successful. As a public company, we can’t share any “inside information”, but I will say this – I love the challenge of taking a good thing and making it great.

M: Well, from all that we’ve been reading, it seems as if USNT is off and running and growing rapidly. I think the public was told that sales will double this year. What are the challenges in handling such rapid growth? What is your key to success in ramping up so fast and doing it well?

G: It is true that Vitelity Communications is really growing rapidly; that is taking most of the executive effort at this time. This is not a guarantee, and just a guess, but if its revenue grew 100% in one year, it wouldn’t surprise me at all. Overcoming the problems of handling high growth – and let’s face it, most companies would love to have that problem – isn’t so difficult if you have a good team. And, we don’t just have a good team, we have a great team. And we’re basically just building on that team and expanding to meet the high demand for the company’s services.

M: Well, that sounds a bit modest… certainly there are ways that USNT can benefit from the years of successful business experience that you bring to the company. After all, isn’t it true that you have started other successful businesses? Didn’t I read that you sold out for millions and had actually retired a few years ago at age 44?

G: You are too kind when you say “a few years ago” – it was about ten years ago! Thanks, and yes I am glad that I can bring my company-building experience, which is an important ingredient. Let’s just say a lot of things went right when I started two other companies in the 1990’s … thanks to a fantastic idea, a great team and dedicated investors. I am very proud of those two companies. As rumor has it, they eventually sold for many tens of millions of dollars. But I stick to this rule , and that is never, ever, underestimate the value of those with whom you work, and don’t ever take all the credit yourself for any successful venture.

M: So, investors want to know – is USNT going to have a huge run up in stock price? Is this a good time to buy shares? Will USNT buy other companies this next year?

G: Well, that’s always the question investors have, it’s always a question of timing. The share price has been low then higher then lower. I have no idea where the stock price is headed. I wish I knew how to predict the future. But the real question I think investors should focus on, and what I as an investor in USNT would want to know, is this: is the company in a growing business marketspace, is it dedicated to building value for the company, and is the management team experienced and prepared. That’s the foundation for any good company to grow and succeed.

M: How about products and services? Can we expect to see a steady stream of new services, or is the business strategy to simply build on what you now have?

G: You’ve hit on a crucial point, and one that the management thinks a great deal about. That is, should we invest in new and more products and services, or stick with what we already have and what we already know works well. The answer to that may seem elusive, but we’ve decided that the safest and most sure path to success is a dual strategy. Goal #1 is to take what we have in terms of products and services and make them better, as good as possible. Do a better job or marketing and selling those services to a wider range of customers. Goal #2 is to continue to strive for continuous improvement which we have determined to mean that we can always do something better today than we did yesterday. And create new products and services.

M: At lunch and during our interview I couldn’t help but notice there are cars in your parking lot such as Mercedes, Jaguar, BMW, Audi, and SUVs, and that the executives carry the quite rare American Express black card, the Centurion Card. That’s certainly impressive but does that seem unusual to you for a new company?

G: The Company does not own any company cars - employees, even executives buy their own vehicles with their own money. And Vitelity isn’t new, it is four years old. As well, some of us have had prior successes that have provided the means to do certain things, and have achieved a certain level of success. Actually, the employees are also investors in USNT for the long run because part of their compensation is in USNT shares that they cannot sell for at least two years. So you can rest assured that every day, each employee has the best interests of the Company at heart and that their success is directly tied to the Company’s success.

As for the American Express Centurion black card, yes, it is a rarely-issued card, and very hard to qualify to get one and perhaps the most exclusive card in the world. But those involved in Vitelity are financially solid enough to qualify for it, so maybe that should say something, in a subtle way. Truth be known, I am the one around the office who actually clips coupons from flyers and brings in office supplies I found on sale at Wal-Mart, and I insist on using the back sides of copies for scratch paper. There’s no waste at USNT, that’s for sure.

M: Well, thanks for the interview and the insight. I am sure many investors out there are on your side, rooting for you and the Company, hoping to continue to see great things from USNT.

Safe Harbor Statement: This release includes forward-looking statements, made pursuant to the safe harbor provisions of the PSLA of 1995, that involve major risks and uncertainties based on what may be inaccurate assumptions. Financial information is based on revenue and deposits for services, is unaudited and subject to restatement. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Company New Symbol is USNT; was YIWA

Well, all the approvals came through and we've received word that the NASD has approved the change of name of the company to US National Telecom, Inc. with the new ticker symbol of USNT.

This is great news, because it now gives us the formal name that reflects the business of the company.

The pinksheets stock website doesn't always publish this type of news on their own, so the company is going out of its way to make sure that the word gets out. Look for more and more news from US National Telecom (USNT).

Company Town Hall Meeting - Boston

We've decided to have a "Town Hall"-type meeting - in the American city that is the home of Town Hall meetings.... Boston! The meeting will be held at 2 pm Monday, October 29 at the prestigious Colonnade Hotel, Boston.

This will be our opportunity to meet the important people who are the investors in our Company... the shareholders.

And, this will be an opportunity for the shareholders to actually meet the President of the Company and chat about the Company's goals and objectives.

I think it is just human nature to want to actually meet the people you do business with, and this Town Hall meeting should be the perfect venue. We plan to hold a series of these across the USA within the next year.

Any shareholder is invited to come. Proof of shareholder status will be required. Each shareholder may bring one guest who is not a shareholder.

To make sure we reserve a large enough meeting room, and to control attendance, you must pre-register for this event by sending an email with your name and guest's name to info@USnationalTelecom.com BE SURE TO PUT the word BOSTON in the Subject line.

Maybe we'll see you there!

Rain on The Parade or Welcome Rain That Waters the Garden?

Too many people seem to worry about the daily fluctuations in stock prices. It feels like it's raining on your parade when the stock you bought doesn't go up quickly. Sort of like having rain when you wanted to have a picnic. But look at it this way: Maybe the rain didn't help the picnic, but it did water the plants and help the garden grow.

Seriously, though.... when the stock goes up people tend to credit the company or the company execs. Then when the share price goes down, people tend to blame the company or the company execs. The truth is, that the company has had nothing to do with either scenario. Zero influence.
That should be obvious... after all, if the company had ANY influence over the stock price, well then the stock price would go up and up... and why not? What company or company exec would ever want their stock price to fall?

The stock price was low, went high, then low again. All on its own. However, I know someone who did buy 30,000 shares on the open market at 5 cents. Today, though, the share price closed at much less than that. However, this investor feels that he is still ok because he has confidence in the growth of the technology and voice over Internet (VoIP) .

However, the company has absolutely no idea if the stock will go up or down. Each investor has to carefully consider all the factors and do some homework before buying any stock of any company. It's speculative stock.

As for "raining on anyone's parade", just look around and see if you notice that plants are sprouting up and the grass is getting greener. In the longer run, maybe the rain isn't so bad after all.

Chat and Share

Several shareholders have emailed to ask why there isn't more volume and why there isn't more online chatting going on about YIWA. After all, the argument goes, if so much good stuff is happening at the company (see press releases) why isn't the world talking about us? And why isn't the stock on fire?

The answer is: I don't know.

I hope everyone understands that it isn't proper, and could be illegal, for insiders at YIWA to go online and "chat up the stock". So we can't do that. Many investors do use the online chat forums, such as those at http://www.investorshub.com/ and http://www.investorsedge.com/ If you do participate, please don't claim that you have "inside information".

But if you like what our company is doing, and you believe you have something to share with others and would like others to get involved, you can join the thousands who like to discuss stocks online and log on to stock chat boards and share your insight!

Please don't make any wild, unsubstantiated or untrue statements, but if you do have a valid opinion or comment, don't be afraid to share it online.

All Quiet on the Western (Denver) Front

Monday was a quiet day - on the chat boards and trading volume. A few interested parties emailed to ask what was "wrong". That's an interesting question.

While investors and trading volume seemed sleepy yesterday, the irony is that we couldn't be busier. At the office we're in high gear working to come up with a plan to increase capacity. We sincerely have more business than we can handle at this point. But we are conservative and careful not to announce contracts before they are signed.

There never seems to be much rationale in what makes a high volume trading day, versus a quiet day. Or, why some stocks go up and up and others languish. We sure wish we knew.

But one thing for certain ... we are in this for the long run.

Meanwhile, it just may be All Quiet on the Western (Denver) Front.

Is Our Stock a Good Buy?

A Mr. B wrote to ask something along the lines of "Is your company on the up and up?", and, "Is your stock a good buy?". Our strict policy is to not comment directly to individual shareholders -- and to have all commuications public and transparent.

As to the first question, we are a company doing real things and growing rapidly.
Internet searches on google.com and yahoo.com can also help individuals find bits and pieces of information that can help form a total picture of a company.

As to whether or not the stock is a good buy... wewell, there are no guarantees of anything in life... especially not the price of a Company's shares on a listed exchange. All we can do is try to do a good job as a company, publish information to inform others of what we are doing, and hope that the marketplace will reward us with a higher share price.

If I were a shareholder in a company "X", and believed in that company, I would probably want to spend time telling others about it. I guess that is what the online stock chat boards are for, and seem to work well as information clearing houses. But as a Company, it is our policy to not discuss the share price.

Quiet on the Outside - But not on the Inside

Quiet day in the market in re: share volume today... but it's sure not quiet on the inside, here at the office. So much going on, including developing a strategy to increase capacity for voice traffic, hire new people, work on completing new contracts. Gearing up to test new voice traffic routes to Vietnam and Guatemala.
Some seem to think we must be tired of the 12+ hour days while we ramp up to a new level. But what they don't know is that all this activity is actually exciting!
I have been through this before, starting with as few as one employee and growing to over 50, and more. We're not bored here, that's for sure. And, who would want to work for a boring company anyway!
So, the market may be "quiet", but it sure is "noisy" here in the offices!

Insider Information being handed out?

At a recent trade show, a VC (venture capital guy) asked me if I could share any insider information on YIWA. I made a quizzical face and asked "How do you mean?". He quickly said,
"Oh, I don't mean anything illegal, but rather, how do you see the prospects for Company growth in the next six months?"

This type of question is not uncommon, and, is one of the reasons for this blog, and for issuing formal press releases to the public, and, another good reason to have a website. Why? Because it's not legal, nor would it be fair, for an insider in a publicly-traded company to tell one person some information that others haven't been told about - whether the news is good, or is bad.

You wouldn't want that to happen either, would you? After all, if there was going to be some great news released soon, you wouldn't want others to be able to buy the stock at a low price, then sell it when others (you for example) found out, and the stock had already shot up. So, the idea behind the law is that everyone is to be informed equally, no matter if the news is good, or bad.

The key for any investor is to be informed, and to follow the news on any company, such as ours. And, search for news about the industry, such as our industry in the VoIP telecommunications field. All of us at the company are excited to be involved in such an exploding field, and we have a huge amount of confidence in our success trajectory. But don't take our word for it... do your homework. Read new and old press releases, search out news, chat with others on investment stock boards and share information. But, sorry, we insiders can't give you "secret, inside information".... you will all hear about any news at the same time. That makes it fair for everyone. As an investor in any public stock, I would keep my ears and eyes open for any good news, and try to invest ahead of the others. Sort of like the old adage of an investor's secret strategy: "Buy low. Sell high." Now, how's that for inside information!

Website Crash

Quite the day, yesterday. We had so many visitors to the http://www.usnationaltelecom.com/ web page, that the pre-assigned bandwidth was exceeded, and the website sort of "crashed". Well, not really crashed, but hundreds of visitors were only greeted with the message "Bandwidth exceeded". We've removed the bandwidth limitation and are now ready for the thousands of visitors who are following the stock and want to get more information on the web page. (Who knew we'd be so popular!)

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