Affordable Telecom Targets Asia with Prestige Procurement Agreement.HOUSTON -- Affordable Telecom Technology (Pink Sheets:ATCT ATCT Airport Traffic Control Tower (FAA) ATCT Air Traffic Control Tower ATCT Air Traffic Control Transponder ATCT Analog Toll Connecting Trunk ) announced the first of a number of events resulting from its Directors' commitment to increasing shareholder value. After a review of ATCT's global opportunities in the telecommunications sector, the Directors of ATCT identified a company capable of representing and securing telecommunications opportunities for ATCT in Asia, the world's fastest growing telecommunications region. The representative, Prestige Procurement and Networking Services (a member of Knightsbridge Group), is based in Bangkok and has an expansive network of agents Asia-wide including a large presence in China. Sutida Suwunnavid, President of Prestige Procurement and Networking Services, said today, "Affordable Telecommunications Technology's potential market in the rural areas of Asia, especially in China is huge. Although over US$25 billion will be invested in China fixed line infrastructure in the coming year, relatively high activation costs make it too expensive for millions of people, an ideal situation for a prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay ment n. service like ATCT's." Mr. Steven H. Bethke, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ATCT, agreed, "this sector of the market has been a prime target of the company for some time. China's population is over a billion but it only has 300 million fixed line phones." Mr. Norman George, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and Director, added, "what the company has learned over the past few years puts it in a prime position to move on this opportunity." Prestige Procurement and Networking Services also covers: --The establishment of Investor Relations Investor relations The process by which the corporation communicates with its investors. websites --Representing ATCT to regional investors --Organizing and representing ATCT at various events in the telecommunications and government sectors Individual announcements will be made to clarify each area in the coming week. The funding of the program has been organized through Prestige Procurement and Networking Services parent company. Interested parties may contact: Sutida Suwunnavid President (Sunny) at +666-888-4665 Kornchaya Manchanda Analyst at +669-084-5704 Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Statements contained in this release, which are not historical facts, may be considered "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company undertakes no duty to update or revise these forward-looking statements. |
|
||||||||||||

ment n.
Printer friendly
Cite/link
Email
Feedback
Reader Opinion