BBAN's International Division Purchases 100% Of iTELL, Inc.Business Editors CISCO, Texas Cisco is a city in Eastland County, Texas, United States. The population was 3,851 at the 2000 census. Conrad Hilton started the Hilton Hotel chain with a single hotel bought in Cisco. and OKLAHOMA CITY--(BUSINESS WIRE)--March 7, 2000 BroadBand Wireless See wireless broadband. International Corporation's (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BBAN BBAN Basic Bank Account Number BBAN Bulgarian Business Angels Network ) International Division has confirmed the 100% acquisition of iTELL, Inc. in consideration of cash and stock, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Tommy K. Hill, BBAN International Division President. iTELL is a Maryland-based 214 Carrier specializing in international long-distance and prepaid debit cards. iTELL has current assets Current Assets Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year. in excess of $5,000,000.00 (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. ), with revenues in excess of $2,500,000.00 per month. iTELL, Inc. and its carrier partners are licensed by the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. (FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. ) as a domestic and international satellite service provider (carrier), a reseller of international telecommunications (voice, data, video, Voice-Over-IP, and Internet), and a provider of high-speed land and wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 networks, including connectivity for end users and US long-distance carriers. iTELL currently employs at least 25 highly skilled technicians and specialists, domestically and internationally. "The Company designs, configures, installs, and operates satellite earth stations (teleports), high-speed wireless broadband networks, and switching facilities that incorporate billing and operations centers. iTELL, Inc. is involved with the Internet as a service provider (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. ) and an interconnect access provider," explained Mr. Hill. iTELL's Central and South American Satellite Network incorporates all of the facilities, systems, equipment, operators, and service required of a world class commercial network. iTELL and its partners installed and now operate a large wireless high speed broadband domestic network in support of a major US long-distance carrier network providing expanded network connectivity and capacity to meet the needs of existing and future customers. iTELL provides connectivity to many domestic and international carriers in support of its customers. "BBAN's International Division is expanding its network to take advantage of today's vast requirements for international traffic, high volume, high-speed data transmission, and telecommunications interconnectivity for a wide range of customers and especially within the developing countries. We utilize a unique operational configuration of satellite tele-ports / transponders, gateway switching centers, and wireless broadband terrestrial transmission systems, thus enhancing the network's operational capability to handle traffic and circuit capacity. As part of this International Network, iTELL enhances BBAN International Division's network operation by bringing contracts with earth stations now operating in the East Coast of Africa, Argentina, Uruguay, Brazil, Panama, Venezuela," states Tommy Hill
iTELL is intimately involved with the Internet, both as a service provider and interconnect access provider. "It is our role as a service provider and access interconnect carrier, to develop network access configuration approaches that increase access capacity and speed of operation. iTELL has the opportunity to expand its Internet operations throughout Mexico," says Mr. Hill. Benchmark Agreements and Operations of iTELL Include:
- iTELL is presently establishing and/or negotiating the
establishment of earth stations, including termination agreements
in Cameroon, the Congo, Cuba, Mali, Mexico, Niger, the Ivory
Coast, Benin, Burkina Faso, and Ghana.
- iTELL has targeted Africa, Ireland, Denmark, Spain, and Italy as
lucrative markets for its Debit PhoneCard products, and marketing
efforts for usage contracts are under way;
- The company has recently finalized agreements with Mexico for a
full license for telecommunications; and, now owns and operates,
telephone, facsimile, data, VOIP, ATM Frame Relay, TV and ISPN
rights in Mexico.
- iTELL provides BBAN immediate connectivity through existing fiber
optic rings (network), domestically, as a backbone to provide a
wireless solution to the "last mile" provided by BBAN's Domestic
Division.
This document includes forward-looking statements, made under the Safe Harbors Provision of 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. Such forward-looking statements are generally identifiable by the use of words such as "believe," "expect," "intend," and other words of similar nature. These statements are based on management's current expectations, estimates and projections that are subject to risk and uncertainties, including, but not limited to success of negotiations, availability of financing, political currency, regulatory, competitive and technological developments. Consequently, actual results could differ materially from those forward-looking statements. BroadBAND Wireless International Corporation does not undertake, and specifically disclaims any obligations to update forward-looking statements which speak only as of the date made. Quote for referenced ticker symbols: BBAN |
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