Crys-Tel Telecommunications.com Inc. Announces Sound Developments Towards Securing Its Foundation in Uruguay.Business Editors & High-Tech Writers LA JOLLA La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and , Calif.--(BUSINESS WIRE)--Sept. 7, 2000 Crys-Tel Telecommunications.com Inc. (Pink Sheets, National Quotation Bureau National Quotation Bureau A service that publishes bid and offer quotes from market makers in OTC transactions. National Quotation Bureau :CYSS), an integrated telecommunications provider of voice, data and Internet services, Thursday announced that it has made significant steps towards securing its foundation in Uruguay. It has been approved by both Crys-Tel and its joint venture partner to start the activities of Crys-Tel Telecommunications.com in Uruguay under a new branch that will be called UY CRYS-TEL S.A. This decision was made in order to avoid any confusion with other Uruguayan-based companies. The company will have a mandate to develop and provide communication services through VoIP and Internet technology provided by Crys-Tel Telecommunications.com. In addition, a holding company for the management of all the regional branches (Argentina, Brazil, Chile, Paraguay and Bolivia) in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. has been established under the name of "SOUTH CRYS-TEL HOLDING S.A." The company will ensure that at least 51% of the shares of all the branches to Crys-Tel Telecommunication.com Inc. As stated previously, UY CRYS-TEL S.A. will be based in Montevideo, Uruguay and its initial target is to provide telecommunications services in Uruguay and extend the same services to countries in the region using UY CRYS-TEL S.A. as the platform for new markets. Activities in Uruguay will start immediately and the initial target is to have a set up system before the end of the year 2000. The share structure for the new company will be as follows:
Crys-Tel Telecommunications.com Inc. 51%
Investors Proposed by Crys-Tel Telecommunications.com Inc. 9%
Uruguayan partners:
Mrs. Marta Lopez Barna and Mr. Gerardo Rodriguez Zavalla 30%
Mr. Oscar Minneto and Mr. Gonzalo Collazo 10%
Dr. Gerardo Rodriguez Zavalla has been named 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. and general manager of UY CRYS-TEL S.A. and the board of directors is composed of: Dr. Lorenzo Musa, president/director Edward Nixon Edward Calvert Nixon (born 3 May 1930) is an American entrepreneur and the youngest brother of President Richard Nixon:
Marta Lopez Barna, director Gerardo Rodriguez Zavalla, CEO/general manager/director Oscar Minneto, director This past week, meetings with the major communication authority in Uruguay (ANTEL ANTEL Administracion Nacional de Telecomunicaciones (Uruguay) ANTEL Administración Nacional de Teléfonos (Uruguay) ANTeL Associazione Nazionale Tecnici di Laboratorio Biomedico ) were held in order to introduce Crys-Tel and UY CRYS-TEL S.A. to help project the future development of this first South American Branch. The local communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. ANTEL that holds the monopoly of all the services in Uruguay has announced a change this week in its organic rules, allowing them to participate in new ventures with private companies. The only monopoly that ANTEL will still hold is what they have called "Basic Telephony," referring to local and national (intra-country) long distance calls. These new rules are the beginning of the deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of the communication services in Uruguay. Recently, many new services in Uruguay have been permitted by ANTEL, specifically in all areas related to Internet. On the 4th of September the technology to establish the POP in Montevideo arrived. These gateways will be immediately installed in the UY CRYS-TEL S.A. office in Montevideo. This will allow the company to check all the operative systems and start demonstrations for the communication authorities and potential customers. Contact Information for UY CRYS-TEL S.A. is as follows: Taboba 4228, Montevideo, Uruguay, Telephone: 5982/613-0201, Fax: 5982/613-2201, E-mail: Uruguay@crys-tel.com. Rodriguez stated: "This opens wide opportunities to our country and to CRYS-TEL in South America. The high technology provided by Crys-Tel will allow Uruguay and many other countries in the region for the first time in the history to communicate worldwide by phone at rates only comparable to developed countries. As we all know, this is a very valuable tool for the development of any country, and it will open new opportunities not only in the commercial side but also in the cultural and social life of Uruguay." "Most of the countries in South America are open for foreign investment and of course the high-tech projects like the one we are proposing are more than welcome. We foresee a very fast growth of the company in the region as the first long distance call over IP provider. Contacts for establishing the business in Argentina, Chile and Brazil have already started. The possibility of partnership with an 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. provider in Uruguay that also holds a license for Wireless Data Transmission can boost the launch of the service in Uruguay." Musa, CEO and president of Crys-Tel Telecommunications.com, currently on business in Uruguay stated: "This is a very important moment for Crys-Tel and I consider that the election of starting the South American operation 'South American' operation Surgical oncology A radical operation for 'frozen' pelvis, which consists of en bloc resection of the uterus and rectum. See Frozen pelvis. Cf 'All-American' and 'North American' operations. from Uruguay is very appropriate. My best wishes to Dr. Gerardo Rodriguez, who I consider to be the most qualified person for the position of CEO and general manager of UY CRYS-TEL S.A. due to his dynamism, capacity and energy as well as for his broad international experience. All these conditions will be necessary to face and overcome the obstacles that will probably appear as we introduce ourselves in this newly opened market. This is one more step in the creation of the Crys-Tel World Wide network." Curriculum Vitae curriculum vitae CV, resume Medical practice A formal listing of a person's professional education, objectives, work history, including location and dates of service at a particular hospital, health care facility, university, the role filled at the time of service, of Dr. Gerardo Rodriguez Zavalla: Dr. Gerardo Rodriguez Zavalla Born in Uruguay: 6 March 1958 Married with 5 sons Address in Montevideo Educated in the British School's Montevideo Graduated as International Bachelor in 1975 (Baccalaureate International de Geneve) Graduated in the Uruguayan State University as Ph.D. in Dentistry dentistry, treatment and care of the teeth and associated oral structures. Dentistry is mainly concerned with tooth decay, disease of the supporting structures, such as the gums, and faulty positioning of the teeth. Since 1985, involved in family business (imports and trading) 1986 Degree as Custom Broker 1988 Joined Pedro Forne & CIA CIA: see Central Intelligence Agency. (1) (Confidentiality Integrity Authentication) The three important concerns with regards to information security. Encryption is used to provide confidentiality (privacy, secrecy). (customs broker Customs Broker An individual or firm licensed by customs authorities to enter and clear imported goods through customs. The broker represents the importer in dealings with the customs authorities. since 1950) as partner 1991 Involved in Communications Projects in Uruguay for the establishment of new technologies. Cellular telecommunications services 1993 Opens Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. branch of import company, which develops business for the region with important New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. group 1994 Joins projects in the Montevideo Free Trade Zone 1997 Assumes as president for local official distributor of Motorola cell phones 1998 Collaborates with Motorola for the trunking development in Uruguay 1999 Named as general agent in Uruguay for Circle International Group 2000 After merging of Circle International with Eagle Global Logistics also named general agent for both companies Curriculum Vitae Marta Lopez Barna: Marta Lopez Barna Born: 30 July 1950 Married with two daughters Address in Montevideo Educated in the German Sisters School Started commercial activity in 1975 with family business in financial activities Owner of a shop between 1975 and 1997 Administrates several family properties Joined Pedro Forne & CIA in 1989 1994 Joins projects in the Montevideo Free Trade Zone 1997 Position as director for local official distributor of Motorola cell phones. 1998 Collaborates with Motorola for the trunking development in Uruguay 1999 Named as partner agent in Uruguay for Circle International Group 2000 After merging of Circle International with Eagle Global Logistics also named partner agent for both companies Curriculum Vitae Oscar Minetto: Born: 18 Nov. 1943 Married with 2 sons Address in Young, Uruguay Educated in Nuevo Berlin Nuevo Berlín (New Berlin) is a small Uruguayan city, on the shore of the Uruguay River, the natural border of the country with its neighbour, Argentina. In the 19th century, some German settlements were created next to the river, mostly composed by farmers. , Rio Negro Río Negro or Rio Negro ("black river" in, respectively, Spanish and Portuguese) may refer to: Rivers
Completed Accountant Course and Business Administration in Mercedes, Uruguay Mercedes is the capital and largest city of the department of Soriano in Uruguay. The city is situated on the south bank of the Río Negro. It has a population of about 42,032 (2004 census) and is an important center of commerce and commercial port. During six years worked with accountants company in Mercedes In 1968 established a financial company in Young as partner 1984 Administrator of Establecimiento Don Tomas (agricultural activity) 1984 Established PROSEDEL S.A. (seed breed and commercialization) 1995 Gas distribution business in Young, Rio Negro About Crys-Tel Telecommunications.com Inc. Crys-Tel Telecommunications.com, based in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , is a facilities-based international carrier utilizing the Internet to provide economical international telecommunications services. The company operates both as a wholesale carrier for international long distance resellers and as a retail carrier, servicing its own network and marketing the use of its network to consumers in designated areas. Crys-Tel combines advanced engineering and system integration along with the high resiliency of gateway solutions to ensure users high quality services over the Crys-Tel Network. For more information, call 858/713-1491. The company's Web address is www.crys-tel.com The company's new address is: Lorenzo Musa, Ph.D. 4275 Executive Square, Suite 1130 La Jolla, Calif. 92037 Except for historical matter contained herein, the matters discussed in this news release are forward-looking statements and are made pursuant to the 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. 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. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the company's business and prospects and cause actual results to differ materially from these forward-looking statements. Crys-Tel Telecommunications.com Inc., 4275 Executive Square, Suite 1125, 11th Floor, La Jolla, Calif. 92037. |
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