Affordable Telecommunications to Provide Service to 30,000 Homes and Offices in Thailand.HOUSTON -- Affordable Telecommunications Technology Corporation (Pink Sheets:ATCT ATCT Airport Traffic Control Tower (FAA) ATCT Air Traffic Control Tower ATCT Air Traffic Control Transponder ATCT Analog Toll Connecting Trunk ) and its Asian subsidiary www.7123000.com is pleased to report it has signed deals for the company to install up to 30,000 connections in homes and offices in Thailand. The connections will be a hardwired USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. and ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. connection within each home and office. The first of the installations will commence in November. Steve Bethke, Chairman/CEO, stated these initial 30,000 installations alone have a revenue potential of $6 million in the coming years. Kornchaya Manchanda, CFO See Chief Financial Officer. , 7123000 Bangkok, added that for August the companies revenues were $5,200 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. in VoIP, $1,400 in Broadcast SMS and that total subscribers had now reached 1250 and that 40% of that base was from Hong Kong and China, although these numbers are small we are yet to officially launch, and that launch should see rapid subscriber and revenue growth in Thailand and subsequent launches in other Asian centers are currently being scheduled. Safe Harbor Statement Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" 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. Forward-looking statements are based on current expectations and the current economic environment. 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. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. |
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