Asia Telecom Announces Joint Venture in Central Asia
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 01/08/07 -- Asia Telecom Ltd. (PINKSHEETS: ATLJ) is proud to announce that its operating subsidiary has completed a joint venture with BAK Telecom, the largest telecom company in Azerbaijan that provides calling cards for long distance.
It is estimated that the joint venture should see operating revenues of US $30,000,000 in the first year of operation.
About Asia Telecom Ltd.
Asia Telecom Ltd. intends to become a VoIP telecommunications company with a strategic focus on establishing and maintaining operations in Central Asia and Eastern Europe.
Safe Harbor Statement
The preceding includes forward-looking statements, which involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all 'other risks' associated with business.
Contact: Asia Telecom Ltd. Mike Palmer Tel: (646) 415-8549 Email: Email Contact
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quote:Originally posted by atleast: .007(3) x .008(1) looks like support at .007 - could be artificial hope they are out of supplies
Nope, company was still dumping and continues into the close...It's a shame we didn't close at LOD of 004, but 0045 is just as bad from a high of 035!!!
These fawkin crooks should just be taken out back and get the sh!t kicked outta them. So sad....
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quote:Originally posted by atleast: .007(3) x .008(1) looks like support at .007 - could be artificial hope they are out of supplies
Nope, company was still dumping and continues into the close...It's a shame we didn't close at LOD of 004, but 0045 is just as bad from a high of 035!!!
These fawkin crooks should just be taken out back and get the sh!t kicked outta them. So sad....
Yep… Volume should continue 2morrow – try to flip this POS. Lets hope this is not GHTI type of scam
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Haha, I sent them about 4 emails. I don't expect a reply with 3 of them as I wasn't very nice, but the 4th one was very professional (all different email addresses too). Will post if I hear anything either...
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posted
It did bounce nicely, but then it tanked again!! I won't even play the bounce because this stock is just that bad...but if you make money, awesome!!
High of 005, close of 0012...how sad.
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Asia Telecom Announces Results of Operating Subsidiary
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 01/19/07 -- Asia Telecom Ltd. (PINKSHEETS: ATLJ) is proud to announce Q4-2006 results for its operating subsidiary in Azerbaijan.
The Company has increased the amount of traffic passing through its VoIP channels in Azerbaijan to 8,500,000 minutes per month. This traffic has translated into Q4-2006 revenues of approximately US$2,500,000.
The Company plans to increase VoIP traffic to 10,000,000 minutes per month by the end Q1-2007. This should lead to Annual revenues exceeding US$12,000,000 by the end of 2007.
CEO Ayaz Karimov stated, "These results position our company to become the second largest operator in the market for long-distance communication in Azerbaijan in terms of volume of incoming and outgoing VoIP traffic after Rostelecom."
About Asia Telecom Ltd.
Asia Telecom, Ltd. intends to become a VOIP telecommunications company with a strategic focus on establishing and maintaining operations in Central Asia and Eastern Europe.
Safe Harbor Statement
The preceding includes forward-looking statements, which involve known and unknown risks, and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
CONTACT:
Asia Telecom, Ltd. Mike Palmer Tel: (646) 415-8549 Email: Email Contact
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posted
Man what is the deal on this co. It was at .019 at the begining of Jan. With this news we should be way above .0050. I hope the report of revenue is true.Q4 (2006) $12mil. What are they dumping for !! I hope it is just profit taking then up after lunch.
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quote:Originally posted by THE DUKE: Man what is the deal on this co. It was at .019 at the begining of Jan. With this news we should be way above .0050. I hope the report of revenue is true.Q4 (2006) $12mil. What are they dumping for !! I hope it is just profit taking then up after lunch.
Its the company dumping new shares into the market. Stay away!! Don't become a bagholder like me!! Take your profits and move on!!
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quote:Originally posted by THE DUKE: What profit. in the low 20's . I got to get something out of these people. I hope not to much more dilution
You a bagholder too? Haha, join the club! Good luck getting anything from the company. They don't care for us shareholders! They give us garbage news and dump loads of shares to fill their pockets...these sick fawkers, I hate em!
quote:Originally posted by THE DUKE: Well we did't close red. does anybody think we go up on monday or not?
It's too hard to tell when the company dumps new shares into the market. Anything can happen. I hope we move up and eventually get up to 035, but it'll take a miracle for that to happen...lol
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