Amitelo Communications Announces Meeting With Togo Telecom to Establish a Direct Route Network.Business Editors/High-Tech Writers MALAGA, Spain--(BUSINESS WIRE)--Jan. 28, 2004 Amitelo Communications Subsidiary, Sunline Communications SL Announces Significant Equipment Purchase Order Amitelo Communications, Inc. (Pink Sheets:ALOC ALOC Allocate ALOC Altered Level Of Consciousness ALOC air lines of communications (US DoD) ALOC Average Length Of Call (New Global) ALOC Acceptable Level of Competence ) announced today that 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. , Khaled Akid, has been invited by Togo Telecom to attend a bilateral meeting to negotiate a Direct Liaison / Direct Route contract between both companies' Networks to exchange voice traffic. Togo Telecom is a state born and managed telecommunications company See telecom company. in the West African West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. country of Togo, with committed capital of 4 billion francs. Togo, a sovereign nation since 1960, has a population of roughly 5.5 million with the current President having maintained power since 1967. Amitelo's CEO, Khaled Akid commented, "I will be attending this Bilateral Meeting in Lome to negotiate the terms & conditions of a possible Agreement between Amitelo and Togo Telecom. This collaboration contract will call for the establishment of a Direct Route between both companies' Networks to principally exchange international voice traffic." He added, "This is a link that could generate a minimum of $2 Million US in revenue for the first year of operation between Amitelo and Togo Telecom." He continued, "Amitelo is focusing on West Africa in 2004 and we will be able to finalize several similar deals with other PTTs in this emerging region." Amitelo Communications Inc. also announced today that its subsidiary, Sunline Communications SL had placed its first Purchase Order for 2004 to procure DSL Modems / DVB (Digital Video Broadcasting) An international digital television (DTV) standard that is the European and Far Eastern counterpart of the North American ATSC standard. PCI Cards & 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. Boxes that will turn into installation revenue of approx. 69.000 Euro ($86,260) and 24.000 Euro ($30,000) in total subscription fees per annum Per annum Yearly. as recurring revenue. "With these equipments on stock, we will be able to react immediately to our customers' subscription orders and be able to generate sufficient cash flow that will boost our marketing, sales and promotional activities" commented Sebastien Tavera, Amitelo's Director of Sales & Operations. He added: "With the advertising campaign that we are launching in Costa del Sol Costa del Sol (kō`stä thĕl sōl`), a strip of coastline, S. Spain, in Andalusia, extending from Motril to Estepona The area has become famous as a Mediterranean coastal resort, and its tourist industry continues to expand. , we will be able to gain sufficient subscribers to our DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary Service and we will be in the position to double Sunline's revenue on a monthly basis." About Amitelo Communications, Inc. Amitelo Communications Inc. is an international telecommunications and internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. company. Amitelo's core business is dealing with the delivery of high quality voice & Internet services. The company's concentration is on providing both VoIP Voice over IP services and DSL / Broadband via Satellite in regions lacking connectivity. Several parts of southern Europe, many regions in Africa and the Middle East currently lack connectivity. The company is currently dealing with Internet & Voice traffic generated by its international subscribers and is in the process of establishing its POP Point of Presence / International Telephony Gateway in Frankfurt / Germany to perform several interconnects with reputable carriers. Amitelo will then develop its carrier services in order to achieve good quality of international lines and competitive market rates. For more information about Amitelo Communications, Inc. visit http://www.amitelo.com. Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. In addition to the factors discussed in the filings with the Securities and Exchange Commission, among the other factors that could cause actual results to differ materially are the following: adverse changes in the business conditions and the general economy; competitive factors, such as rival companies' pricing and marketing efforts; availability of third-party material products at reasonable prices; the financial condition of the customer; risks of obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. due to shifts in market demand; and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. involving product liabilities and consumer issues. Amitelo Communications, Inc. cautions readers not to place undue reliance upon any such forward looking statements, which speak only as of the date made. Amitelo Communications, Inc. expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statement is based. |
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