Innotelco Announces Update on Ingotehna Contract Thursday October 6, 3:00 pm ET
TORONTO--(MARKET WIRE)--Oct 6, 2005 -- INNOTELCO, Inc. (Other OTC:ILCO.PK - News), a marketer and distributor of telecom hardware and network solutions announced today USD$40,000 order fulfilled according to its agreement with Ingotehna Tuzla.
ADVERTISEMENT click here Following the completion of this order Ingotehna has requested that Innotelco fulfill a further order to the estimated value of USD $220,000 by March 2006. "We are very satisfied at how the business relationship is progressing with Ingotehna," said Ross Sehovic, CEO.
"Further, we are looking into how best to expand our working relationship to take advantage of some new projects of interest to both companies."
"INNOTELCO -- Building Bridges for Communication"
About Ingotehna Tuzla Inc.
Ingotehna Tuzla is a 30-year-old manufacturer and supplier of products for the construction industry, including cables, plumbing, and heating and air conditioning supplies. The Company produces over 20 product lines and deals with the largest wholesaler in the Balkan region. The Company is based in Tuzla, Bosnia and Herzegovina.
About Innotelco, Inc.
Innotelco is a telecom hardware supplier, specializing in servicing emerging markets looking to expand their telecommunications networks. Innotelco products range from indoor and outdoor coaxial cables and accessories to fibre optics and switching equipment.
Safe Harbor Statement
This press release contains forward-looking statements as defined in the Securities Litigation Improvements Act of 1996. The words "believe," "expect," "estimate," "project" and similar expressions define forward-looking statements, which speak only as of the date the statement was made. Innotelco, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are currently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated in, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the Company's ability to meet its projected growth, the effects of government regulation, competition and other material risks.
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