Affordable Telecom Targets Asia with Prestige Procurement Agreement
May 03, 2005 09:30:05 (ET)
HOUSTON, May 03, 2005 (BUSINESS WIRE) -- Affordable Telecom Technology (Pink Sheets:ATCT) announced the first of a number of events resulting from its Directors' commitment to increasing shareholder value.
After a review of ATCT's global opportunities in the telecommunications sector, the Directors of ATCT identified a company capable of representing and securing telecommunications opportunities for ATCT in Asia, the world's fastest growing telecommunications region.
The representative, Prestige Procurement and Networking Services (a member of Knightsbridge Group), is based in Bangkok and has an expansive network of agents Asia-wide including a large presence in China.
Sutida Suwunnavid, President of Prestige Procurement and Networking Services, said today, "Affordable Telecommunications Technology's potential market in the rural areas of Asia, especially in China is huge. Although over US$25 billion will be invested in China fixed line infrastructure in the coming year, relatively high activation costs make it too expensive for millions of people, an ideal situation for a prepaid service like ATCT's."
Mr. Steven H. Bethke, Chairman, President and CEO of ATCT, agreed, "this sector of the market has been a prime target of the company for some time. China's population is over a billion but it only has 300 million fixed line phones." Mr. Norman George, Chief Operating Officer and Director, added, "what the company has learned over the past few years puts it in a prime position to move on this opportunity."
Prestige Procurement and Networking Services also covers:
-- The establishment of Investor Relations websites
-- Representing ATCT to regional investors
-- Organizing and representing ATCT at various events in the telecommunications and government sectors
Individual announcements will be made to clarify each area in the coming week.
The funding of the program has been organized through Prestige Procurement and Networking Services parent company.
Interested parties may contact:
Sutida Suwunnavid President (Sunny) at +666-888-4665
Kornchaya Manchanda Analyst at +669-084-5704
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. 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. The Company undertakes no duty to update or revise these forward-looking statements.
SOURCE: Affordable Telecom Technology
-------------------- Buy Low. Sell High. Posts: 10736 | From: The Land Of The Giants | Registered: Feb 2005
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Looks like from the current level of the low 4's that this should go to 7 (in theory! ;>)
HOUSTON, Sept. 26 /PRNewswire-FirstCall/ -- Affordable Telecommunications Technology Corporation (OTC: ATCT - News) and the founders of 7123000.com announce The Board of Directors feel that the share price is undervalued, the decision was made to announce the companies' plans to begin buying stock at a price of .07 cents per share in the open market. This offer will be available to anyone who wishes to sell their shares at this level and will be available once the Due Diligence by the Board of Directors has been completed on the acquisition of our Asian subsidiary 71230000. The procedure on how the company will buy back the stock will be available at a future date subject to the completion of the above. ADVERTISEMENT
We would like to further clarify that the Board of Directors and the management have no plans to either forward or reverse split the stock. We feel that the current share structure is optimal for our planned growth. We are proud to be associated with our current dedicated shareholder base and plan to work as a team toward our mutual goal of profitability.
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.
-------------------- I may be wrong, but I don't think so.... Posts: 837 | From: Madison, WI | Registered: Sep 2005
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Verizon Wireless Customers Can Register for Wireless AMBER Alerts and AT&T to Host American Check Management Services Verizon Wireless (NYSE:VZ) announced recently that customers with TXT Messaging-capable phones can sign up to receive TXT Alerts with information about abducted children right from their wireless phones. Since May, Verizon Wireless customers have been able to register for Wireless AMBER Alerts(TM) online. Verizon Wireless is the first national wireless service provider to announce that customers are able sign up for these Alerts by sending a TXT Message directly from their wireless phones. Helping companies simplify the move to IP Telephony, MCI, Inc. (Nasdaq: MCIP) today announced it has expanded its Voice over Internet Protocol (VoIP) suite of services to include two new solutions-Managed IP PBX and IP Trunking Services. With MCI's newly-extended Advantage portfolio, companies can now choose the VoIP solution that best matches their business and technical needs, while taking advantage of their existing voice and data infrastructure. Solutions can be hosted within MCI's network, located at the customer's premise or a hybrid of the two, giving customers far greater flexibility.
AT&T (NYSE:T) recently announced it has been selected by American Check Management Inc., a nationwide financial services provider based here, to provide a managed hosting solution, including around-the-clock monitoring of the company's credit card processing, check guarantee and Electronic Funds Transfer services. Terms of the agreement were not disclosed. The Management Committee of 7123000.com and the Board of Directors would like to clarify the situation regarding the buyout of Affordable Telecommunications Technology, Inc. (Pink Sheets: ATCT) and confirm the $.07 per share buyout. The Board of Directors of ATCT will attend meetings in Bangkok, Thailand to conduct a due diligence of 7123000. If they are satisfied, ATCT will merge operations before the end of October. T-Mobile USA, Inc.
Outstanding Shares: 68,138,029 as of 2004-06-30
Estimated Market Cap: Not Available Float: 38,850,495 as of 2004-06-30
Posts: 184 | Registered: Sep 2005
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