WorldTradeShow.com Signs Letter of Intent -- LOI -- with All America Casting International to Market Broadband Voice Over Internet Protocol Technology to Its Vietnamese Clients.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Nov. 13, 2003 WorldTradeShow.com, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :WTSW WTSW White-Throated Swift (bird species Aeronautes saxatalis) ), a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. that specializes in producing and marketing online tradeshows for the travel/tourism, import/export and meeting/convention industries, announced today it has signed a Letter of Intent with All America Casting International, Inc. (Pink Sheets:AMEI AMEI Association of Medical Expenses Insurers ) to be the exclusive marketer and distributor of its broadband Voice Over 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. (VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a ) telecom technology to its Vietnamese enterprise clients. Voice Over Internet Protocol is rapidly gaining popularity with consumers worldwide as the cost of standard telecommunication continues to be quite costly, especially for the broadband users. According to market researcher Frost & Sullivan, the revenue from VOIP and related products and services is expected to swell from $2.3 billion in 1999 to $206 billion by 2006. As the recognized leader in the voice technology, All America has developed a complete turnkey VOIP package that delivers high performance, robust, and cost effective voice solutions. Richard Kipping, AMEI 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. said, "This is a very significant step in expanding AMEI's broadband VOIP telecom business with the exclusive partnership of WorldTradeShow.com. Vietnam is a wide open market for us, and WTSW has a strong relationship with the Vietnamese government and a majority of the private enterprises that can take advantage of our inexpensive telecommunication product. We are confident and ready to begin implementing it to help the Vietnamese businesses and consumers reduce their telecommunication expenses, while receiving quality and reliable services." Sheldon Silverman, CEO said, "WTSW continues to introduce quality and effective telecommunication products to our Vietnamese and worldwide customers, who will benefit tremendously from being members of our WorldTradeShow.com virtual tradeshow network. AMEI's VOIP technology will allow our estimated 10,000 Vietnamese business users (hotels, restaurants, universities, internet cafes and other enterprises) to efficiently integrate voice, video, fax and data traffic while maintaining lower broadband costs. WTSW projects first year gross revenue to be about $2.2 million 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. ." About the Company WorldTradeShow.com, Inc. (www.WorldTradeShow.com) is a leading edge online tradeshow and marketing company. Using the latest broadband technologies, the Company delivers real-time Virtual Tradeshow experience via the Internet. Its web portal contains a comprehensive database of updated tradeshows, conventions and expositions worldwide in this $2 trillion industry. WTSW has offices in the U.S., Mexico and Vietnam. All America Casting International Inc. is a broadband VoIP telecom company offering local and long distance services and video on demand to residential and commercial clients. For more information please contact Richard Kipping, 604-723-8750, or Paul Davey, 604-669-2850. 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. Statement: This news release may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the `safe harbor' provisions of the United States 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 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements herein. |
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