October 25, 1993
Thrifty Tel Inc., a long-distance phone company based here, said Friday it has agreed to buy National Telephone Network Inc., a Pasadena company that provides operators to assist with long-distance calls from 30 Southern California hotels. Thrifty will issue 100,000 shares of restricted common stock to National Telephone in a deal valued at $300,000. The deal still needs approval from federal bankruptcy court, where National Telephone has filed to reorganize its debt under Chapter 11 of the U.S.
October 1, 1993 |
Costa Mesa Acquisition: A Texas operator of telephone services said it has agreed to acquire a Costa Mesa company for an undisclosed price and, at the same time, has ended negotiations to acquire another Orange County firm. SelecTel Corp. in Costa Mesa, which manages and maintains telephone services for the U.S. military and corporate customers, would become a subsidiary of Value-Added Communications Inc. in Dallas under a tentative agreement.
May 17, 1991 |
Rebecca Bigley is on to Merlin's game. "Here, take a look at this," says the security chief of Thrifty Tel Inc., a small long-distance telephone company in Garden Grove. She presents a printout of a computer message, disseminated to the hacker community by a self-appointed magician who fancies himself as invulnerable. Should a telephone company catch you breaking into its system, "Merlin" advises his disciples, "deny it till your ass falls off."