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[QUOTE]Originally posted by dollar13: [QB] MicroHoldings US, Inc. Signs Service and Marketing Memorandum with CyberTel Corp. Wednesday May 2, 11:58 am ET SAN DIEGO--(BUSINESS WIRE)--MicroHoldings US, Inc. (Pink Sheets:MHUS - News) today announced that it has signed a Memorandum of Understanding with CyberTel Corporation (OTCBB:CBEL - News) to support and market the software technology MHUS, through its subsidiary XChangeTel, is developing for the telecommunications carrier services industry. The MOU calls for CyberTel to pay a license fee of $1 million to MicroHoldings once the software is completed and commercially available. CyberTel also agrees to provide MHUS with network operation services, technical assistance and program development. Stated Jeffrey Flannery, CEO of MicroHoldings US, Inc., "CyberTel brings experience and resources that will support our efforts to commercialize the new calling services platform being developed at XChangeTel. This MOU calls for CyberTel to provide MHUS with capital to complete our program development, facilities, network operations, support staff, and marketing support." CyberTel has provided support and marketing for telecommunication and prepaid services for several years, including long distance services, prepaid calling cards and VOiP cellular phone services. XChangeTel is completing development on a new software platform to support VOiP calling and carrier services. Stated James Wheeler, CEO of CyberTel, "This agreement with MicroHoldings allows CyberTel to re-enter into on the cutting edge of what we believe is a revitalized telecommunications market. We are excited to be teaming up with the innovative team at XChangeTel and to forging a long, productive relationship." More information on the MicroHoldings US, Inc. can be found at [URL=http://www.microholdings-us.com.]www.microholdings-us.com.[/URL] Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of MHUS are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future MHUS actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and MHUS has no specific intention to update these statements. Contact: MicroHoldings US, Inc. Jeff Flannery, 619-342-8096 -------------------------------------------------------------------------------- Source: MicroHoldings US, Inc. [/QB][/QUOTE]
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