Interlink Global Corp. Announces Integration and Expansion Plan for NGTV, its Latest Acquisition.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- Interlink INTERLINK - A commercial product comprising hardware and software for file transfer between IBM and VAX computers. Global Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ILKG): --The Purchase of NGTV NGTV Next-Generation Television Adds Significant Telephone Traffic to Interlink's International Infrastructure, as well as Provides Increased Consolidated Assets and Shareholders Equity in order to Support a NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Listing Interlink Global Corp. today announced that it has assumed management control as the new owners of NGTV, SA, and Communications Network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. Holdings Ltd. ("NGTV") one of the largest privately owned fully licensed telecom network companies operating in Venezuela. The acquisition of NGTV places Interlink in the forefront of major telephone service providers 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. , and positions it to become one of the largest VoIP telecom and data services provider in the region. The substantial amounts of telephone traffic currently being generated by Interlink in Ecuador, Colombia, and also in Venezuela, will now be routed through the NGTV existing infrastructure, as opposed to Interlink's US infrastructure, to maximize efficiency and to enhance revenue, as well as, profitability. Interlink's management intends to immediately reroute telephone traffic thereby reducing the cost structure of wholesale minutes by introducing lower priced, but higher quality calling, to key destinations, which up until now have been serviced through systems in the US. Interlink will be able to leverage its existing purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. and its extensive contacts in the region to further reduce price, resulting in lower telecom and data transmission charges to its customers, while maintaining significant profitability for Interlink. During the months of negotiations and preparation to become the owner of NGTV, Interlink's management has finalized its integration and expansion plan which includes an expansion of the existing microwave backbone of NGTV to a point that will effectively more than double NGTV's network's capacity. The immediate goal of Interlink's plan is to increase gross revenues of NGTV from its present $8 million of annual revenues to over $20 million within the next 12 months. During the implementation of the Interlink plan, the Maracaibo and Caracas markets in Venezuela will see the implementation of wireless Internet, Wi-Fi and expanded local telephone services. In addition to servicing the approximate 500 corporate clients of NGTV, Interlink intends to access the Small business market in Venezuela to provide a phone product for lower income groups on a prepaid basis, in effect using a prepaid calling card service to conduct this aspect of its enterprise. Interlink's recent Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with Telekom, a major telecom carrier headquartered in Bogota, Colombia, S.A., as well as its present negotiation with other regional telecom carriers, highlights another important facet of its NGTV ownership. Telekom has licenses, networks, experience and capability throughout Colombia and will explore with Interlink Global, the establishment of a telephone interconnection through the borders of Colombia and Venezuela. This telephony traffic is currently routed through the US before arriving in Caracas, so the rerouting should provide substantial savings because of the direct country to country access. "With the addition of NGTV, Interlink will book additional gross assets of approximately $9,000,000 and net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. in excess of $6.5 million. Interlink, which is in the process of becoming a reporting company with the SEC and listing on the Bulletin Board, will achieve the requirements needed to be listed on a national stock exchange, and it is contemplated that the Company will apply for a listing on NASDAQ within the next 60 days," stated Anastasios N. Kyriakides, Chairman and 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. of Interlink Global, Corp. About Interlink Global Interlink Global (OTC:ILKG), founded in 2002, provides telecommunication solutions around the world. As a leader in hosted VoIP telephony services, Interlink Global is currently doing business in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , South America, Asia, and, soon in the Middle East. Interlink Global provides SIP-based broadband telephony See VoIP. solutions, WiFi, WiMax, Marine Satellite Services, calling cards, and other enterprise services internationally. Interlink Global, using VoIP technology, provides long distance telephone services, with full features, at prices that are greatly reduced in comparison with traditional telephone companies. For more information about Interlink Global's products and services, please visit: http://www.b2i.us/irpass.asp?BzID=1287&Nav=1&S=0&L=1 . Forward Looking Statements This press release includes "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the federal securities laws, commonly identified by such terms as "believes", "looking ahead", "anticipates", "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. To be included on Interlink's E-Mail Alert List; Click Below: http://www.b2i.us/irpass.asp?BzID=1287&to=ea&Nav=1&S=0&L=1 |
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