GTC Telecom Subsidiary Ends Outsourcing Agreement With U.K.-Based Telephone Company.COSTA MESA, Calif. -- Previously, Perfexa Solutions Inc., a subsidiary of GTC GTC
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GTCC General Trading & Contracting Company ), announced that it entered into a customer service contract with a competitive local telecommunications company that provides service in the United Kingdom. Due to a contractual dispute, Perfexa has elected to terminate this agreement.
About GTC Telecom
Founded in 1997, GTC Telecom provides local, long-distance, conference calling and toll-free services; dial-up and 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 Internet access to residential customers throughout the United States; as well as Business Process Outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in services through its Perfexa Solutions Inc. subsidiary. GTC provides its services directly to consumers, as well as through affiliate marketing programs. For more information, visit www.gtctelecom.com / www.perfexa.com.
This release may contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. This report should be read in conjunction with the company's annual report on Form 10-KSB and it's quarterly reports on Form 10-QSB. The company's results may vary significantly from quarter to quarter and will depend, among other factors, on product launches and market acceptance, manufacturing contracts, and distribution agreements.