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BusinessWire INNOTELCO Signs Distribution Agreement with INGOTEHNA TUZLA 05.17.05, 9:01 AM ET
INNOTELCO, Inc. (Pink Sheets: ILCO), a marketer and distributor of telecom hardware and network solutions, announced today it has signed an agreement with Ingotehna Tuzla Inc., a cable and construction supply company based in Bosnia Herzegovina, to provide telecom cables and accessories.
Ingotehna Tuzla is a 30-year-old multi-national construction supplier and manufacturer of cables, plumbing, and heating and air conditioning supplies. The Company produces over 20 product lines of their own and deals with the largest wholesalers in the Balkan region.
"We are very excited about this agreement and hope to have this relationship grow. Ingotehna Tuzla is a highly respected company in the region, and INNOTELCO is pleased to be associated with a company representing the new Bosnia and embracing the true spirit of capitalism," said Ross Sehovic, CEO of INNOTELCO.
Recently, Ingotehna Tuzla was personally invited by the German Ambassador in Sarajevo to take part in The I.H.M. International Trade Fair for Small and Medium-sized Enterprises in Munich (Munchen) Germany. Ingotehna Tuzla was one of only five firms selected from the region to attend as examples of the fastest growing companies in Bosnia and Herzegovina. Currently, their most prominent customer is OBI, one of Europe's largest DIY store chains, http://www.obi.de.
"Obi has established a decent presence in the region and we hope this deal with Ingotehna Tuzla will be the foot in the door we need to supply even more products," added Mr. Sehovic.
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 wholesalers in the Balkan region. The Company is based in Tuzla, Bosnia Herzegovina. -0- *T Ingotehna Tuzla Inc. Veljka Lukica 145 O Tuzla 75000 Bosnia and Herzegovina Contact: Nedim Dzindo Ph: 387 35 269 391 Fax: 35 271 525 *T
About INNOTELCO, Inc.
INNOTELCO is a telecom hardware supplier, specializing in servicing emerging markets looking to expand their telecommunications networks. INNOTELCO's 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" and "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, underlie 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.
-------------------- Time will give you what you want! Posts: 253 | From: Pennsylvania | Registered: May 2005
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posted
If the chart pattern follows, ilco should see high volume with an increase in share price. For the past 2 months the first day of each month ilco saw high volume with an increase in share price. imho
glta
Do your dd before buying this stock.
Joe
quote:Originally posted by lilhen2005: Do you have any thoughts for tommorrow joe?
posted
Where do you get your L2 from, because I pay monthly for the ameritrade L2 and they don't show it for a lot of stocks. Wonder why???
Posts: 84 | From: South Korea | Registered: Mar 2005
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quote:Originally posted by ecko13: Where do you get your L2 from, because I pay monthly for the ameritrade L2 and they don't show it for a lot of stocks. Wonder why???
i get mine from alphatrade...its 43 bucks a month for pink level II...
I am also with Ameritrade...and the only stocks they dont provide level II for is for pink sheets..hope this helps
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call Posts: 3100 | From: Louisiana | Registered: Apr 2005
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