International Telecommunications, Inc. Announces Its Preliminary Agreement to Purchase the Spanish Company EarthNet Communications SL. (ENC), Spain Intends to Market VoIP and Video Conferencing Systems in Spain and South American Countries.FULLERTON, Calif. -- International Telecommunications, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ITLS ITLS International Trauma Life Support (Oakbrook Terrace, IL; formerly BTLS) ITLS International Tribunal for the Law of the Sea (Hamburg, Germany; also seen as ITLOS) ITLS International Trade Logistics Software ), a major player in voice, video and data via Internet protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. markets worldwide, is pleased to announce their preliminary agreement to acquire the Spanish company EarthNet Communications SL. EarthNet Communications SL and Cable Andino S.A. Columbia have entered into a 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. to enter into a commercial relationship, whereby Cable Andino S.A. will provide the technological infrastructure to supply VoIP services and video conferencing to lucrative Latin American markets. Ms. Alie Chang, 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 President of ITLS, stated, "We are very excited that ITLS is entering the Spanish and South American markets via our partner Cable Andino S.A. Our Video User Interface (VUI (Voice User Interface) A voice-controlled application on a computer, PDA or smartphone. A VUI is more sophisticated than an interactive voice response (IVR) system. It implies a wide range of commands rather than just voicing "yes" or "no." Contrast with GUI. ) technology will absolutely change the way video will be transmitted in these areas. VUI technology enables video to be encrypted and transmitted bi-directionally simultaneously at speeds of up to 18 to 30 frames per second through traditional copper telephone lines in television quality in real time." Ms. Chang also stated, "ITLS's immediate strategy in these geographic areas is to implement the Triple Play(R): Voice, Video and Data. Our video conferencing system allows transmission over our VoIP (Voice over Internet Protocol) platform." For further information About ITLS, visit our website: www.itls.tv. This press release contains certain forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934. Investors are cautioned that all statements included in this press release, which concerns the company, and its operations, other than statements of historical fact are forward-looking statements. |
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