posted
This looks like it's runnin' again. Bounced off of 0.07 mid-week last week before profit takin' occurred. Had a strong PR out before the bell this morning....
Business Editors / Technology Writers
HOUSTON--(BUSINESS WIRE)--May 17, 2005-- Affordable Telecommunications Technology Corp. (Pink Sheets:ATCT), in their continuing effort to build shareholder value, announced today the launch of www.7123000.com, as part of ATCT's global roll out plan. The website is being developed as a global site for telecom services that include: -0- *T
ATM BANDWIDTH CALLING CARDS CO-LOCATION CONFERENCE CALLING CONVERSION DATA DEDICATED LOCAL AND LONG DISTANCE DEDICATED PRIVATE LINE DEDICATED VOICE FRAME RELAY INTERNET TERMINATION (DOMESTIC AND INTERNATIONAL) TOLL-FREE TRANSPORT VOIP *T
The site will deliver products and services both domestically and internationally.
DialPad Communications, Inc.
ATCT also announced that it has signed a deal to resell the products of DialPad Communications, Inc. www.dialpad.com. Norman George, COO of ATCT said, "We are reviewing hardware product sales and distribution opportunities and expect to announce several more deals in coming weeks."
URL 7123000
The site will be a global site, said the company. Its partner, Prestige Procurement and Networking Services "Prestige" (www.prestigeasia.com), is currently identifying potential regional distributors, hence the importance of an easy numeric URL: 7123000 that needs no translation. Its products will represent the world's best telephone technology made available to the public at discounted rates. Many of these services are value added services to the prepaid land line model the company previously developed. Steve Bethke, President and CEO, said today, "Our first step in the roll-out will be to address revenue issues, this will be done in the most cost-effective way, we will first deliver our web based product and services supported by our telemarketing campaign. The new site combined with the telemarketing implementation will be generating revenue with in 60 days."
New Advisory Board
"The next step," Bethke said, "will be to assemble a management advisory board that will include both of the current directors, as well as Howard Hong, Dana Allen and Sutida Suwunnavid to assist in meeting the challenges of global functionality. Once we have a solid web front-end and an administrative backend, we will be well positioned to launch our prepaid land line services to a number of countries." Bethke stated, "Corporate administration will remain in the USA, but we envision that our backend services will run from Manila. With the help of Khewl Solutions (www.khewlsolutions.com) advertising from Bangkok, and with Prestige, we will be able to have our distributors integrated into this same structure." Norman George, COO said, "The real beauty of this plan is that it has been developed in conjunction with a very committed venture capital group that has assisted in the financial modeling and, subject to certain benchmarks, have agreed to fund at various levels, based on a series of milestones, to a total of US$7 million. Their projections, based on a concentration of efforts in niche markets in regional economies, are the key to the pace of growth we expect." "It has been with their assistance, so far, that ATCT is creating a global presence, via 7123000, and setting up regional representatives." George continued, "Our venture capital group cited a number of important statistics when proposing the roll-out plan and the importance of Asia, one of which was the Telecommunications Industry Association's prediction of an 8.7% increase, to US$1.1 trillion, in spending on telecommunications goods and services. The report cited the replacement of PBX's and key systems with next-generation VoIP systems capable of voice, video, audio and web conferencing as another key factor in the spending surge." "In addition to the transport cost savings through VoIP, which bypasses access charges, IP networks consume bandwidth more efficiently, the report states, and allow companies to outsource call center operations to remote locations around the globe, such as in Asia. A unified messaging system, as well, allows for applications that can run on multiple platforms." "The replacement demand for IP-based PBX systems is already outstripping demand for the circuit-switched PBX. According to the report, converged systems will expand at a 20.7% compound annual rate to $5.6 billion in 2008, accounting for 80% of the PBX/key telephone system (KTS) market, while traditional systems as a consequence will drop 14.4% annually to $1.4 billion."
ATCT's Model
Bethke summed up, "Our model for the web-based, www.7123000.com, is to capture some of the cutting edge technology that is in high demand and sell it into markets such as Asia that have proven difficult for many US firms to enter. Our advantage is local, on-ground participation."
Asian Market Listing
It is the intention of all the parties involved to seek a secondary listing of the Company's common stock within 24 months on an Asian exchange.
Safe Harbor Statement
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.
KEYWORD: ASIA PACIFIC NORTH AMERICA TEXAS UNITED STATES PHILIPPINES INDUSTRY KEYWORD: TECHNOLOGY NETWORKS TELECOMMUNICATIONS PRODUCT/SERVICE SOURCE: Affordable Telecommunications Technology Corp.
CONTACT INFORMATION: Affordable Telecom Steve Bethke, 832-814-0673 www.atct.us or Prestige or Khewl Sutida Suwunnavid, 666-888-4665
-------------------- Do Da Due......But Be Damn Quick About It!!!!!
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