Interlink Global Signs Agreement Creating Regional Phone Company in Ecuador.
MIAMI -- Interlink Global Corp. (OTC:ILKG), today announced that it has executed a final agreement with local partners and authorities of the State of ManabE , Ecuador, South America. This agreement creates a Private Telephone Company, which will serve the entire State of ManabE with Broadband Internet Connection, Voice over Internet Protocol telephony, data communications and other applications using the infrastructure provided by Interlink. The new company will be named Manabitel, and will include local investors from ManabE , a group from Guayaquil, and Interlink Global Corp. Interlink will provide the technical know-how and operational expertise for the partnership, while the other partners provide the financing and licensing for this unique project. Local investors and Interlink will contribute an estimated $15,500,000 million in startup capital to Manabitel, with a group from ManabE , (Manatel) owning 40%, the group from Guayaquil, owning 30%, and Interlink owning 30% of the capital of the company.
The creation of Manabitel is the result of concerted efforts on the part of the government of ManabE and its officers to attract and promote new business and investments in the area. The overall plan includes building new roads, a new refinery, and port facilities, as well as the design and implementation of a world class communication system, which Manabitel will provide. The first phase will be developed using Interlink Global's platform connected by way of satellite, wireless Internet, Wi-Fi, and Wi-Max, with succeeding stages to include ground networks consisting of: microwave radio, optical fiber and traditional copper wire lines.
According to Severino Rivano, Vice President of Interlink, who has previously developed similar projects in Nigeria and Mexico, "This project constitutes one of the largest of its kind in Latin America to date, and is indicative of the potential that exists for Interlink in the development of communications and data transfer projects in other underserved and underdeveloped areas. Interlink has similar projects under development. I'm referring to not only to Ecuador, but also to Colombia, as well as Bolivia, Brazil and Argentina, among others."
Mr. Rivano continued, "With a current population of 1,128,000 the ManabE region is grossly underserved in telephony. Through the development of Manabitel, the goal of the local government is to serve a large percentage of these underserved individuals and companies through the development of high speed Internet data transfer and Voice over Internet Protocol, (VoIP). The government and Interlink together are committed to hire and train the ManabE work force to provide technical support and customer service. This means that the government's involvement along with Interlink's is not only the development of a state of the art communication system, but also the creation of work opportunities for the local professionals and in general the people of ManabE Province."
Mr. Anastasios N. Kyriakides, Chairman & CEO added, "The need for clear, high quality communication, long distance telephony, and access to the World Wide Web and to E-Commerce is critical for the continuing development of the area. By immediately employing the latest technology to develop a modern telecom infrastructure, we are confident that we are responding to the area's pressing needs."
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, South America, Asia, the Middle East, and, soon in the Pacific. Interlink Global provides SIP-based broadband telephony solutions, Wi-Fi and Wi-Max applications, IV-PBX (Interlink Virtual PBX), Videophone, 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 .
This press release includes "forward-looking statements" 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.
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|Date:||Nov 7, 2006|
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