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INNOTELCO Announces Expansion Into North African Country of Tunisia
Nov 20, 2006 09:39:15 (ET)
TORONTO, Nov 20, 2006 (MARKET WIRE via COMTEX) -- INNOTELCO, Inc. (PINKSHEETS: ILCO) today announced that it has opened an office in the North African country of Tunisia. As a result of considerable investments into the telecommunications infrastructure in Tunisia over the past decade, Tunisia now has one of the most developed infrastructures in Northern Africa. The teledensity of landline phones has experienced exceptional growth over the past decade and the mobile sector has also experienced exceptional growth, especially since a second operator was licensed in 2002. The country enjoys close economic relationships with both Europe and the Arab world.
INNOTELCO, Inc. continues to position itself as a bridge between North America, China and the developing countries. The Company now has strategic relationships in Libya, Algeria, Sudan, Tunisia, China, Bosnia, Serbia and France.
Radomir Popovic, Vice President of Sales and Marketing for INNOTELCO, commented, "Tunisia represents a tremendous opportunity for our company. Although it is one of the most developed North African countries in terms of telecommunications infrastructure, there continues to be a tremendous opportunity for growth within the country. Telcommunications operators are seeking strategic relationships with companies such as INNOTELCO that can provide high-grade supplies at competitive prices."
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," "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.
Contact: Empire Relations Group Ken Maciora CEO 516-750-9719 km*empirerelations.com
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Related Quotes Sym. Price Chg. ILCO Trade News 0.001 0 INNOTELCO Calls Board Meeting to Finalize Existing Contracts
Nov 27, 2006 08:30:16 (ET)
TORONTO, Nov 27, 2006 (MARKET WIRE via COMTEX) -- INNOTELCO, Inc. (PINKSHEETS: ILCO) today announced its Board of Directors is meeting to finalize all existing contracts. The Board meeting is scheduled to last 3 days and will include board members Yummin Zang from China and Ben Joseph Mohamed from North Africa.
Board Members Mohamed and Zang bring over 50 years' combined experience to the company to assist INNOTELCO in creating a bridge between Magreb countries and Chinese exporters looking to do business in this part of the world. Mr. Mohammed has over 30 years of experience in trading commodities in the Magreb countries (North African countries of Tunisia, Algeria, Sudan and Libya). Mr. Mohammed has extensive connections within the governments of these countries in addition to long-standing relationships with some of the country's leading businessmen. Mr. Zang brings to INNOTELCO over 20 years of experience in the oil and telecom sectors in China.
Radomir Popovic, Vice President of Sales and Marketing for INNOTELCO, stated, "These existing contract negotiations are extremely important for INNOTELCO. Directors Mohammed and Zang are of paramount importance to our business opportunities in this part of the world. Therefore, we have called this meeting which will last approximately 3 days. INNOTELCO is in a unique position to take advantage of extraordinary business opportunities."
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 fiber 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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INNOTELCO to Attend International Business Summit to Support BusinessExpansion Plans
Nov 30, 2006 08:45:20 (ET)
TORONTO, Nov 30, 2006 (MARKET WIRE via COMTEX) -- INNOTELCO, Inc. (PINKSHEETS: ILCO) today announced that it has received an invitation to attend the 2nd Official Sudan Development Summit. The Summit is attended by hundreds of multinational companies and business leaders looking to do business in this part of the world. The flow of foreign direct investment into Sudan has risen sharply as oil sector development has continued and the government has moved forward with its privatization programs to support continued economic development.
The first Sudan Development Summit in Dubai helped to transact over $450 million in business in a 3 day period. Top level members of local governments coupled with businesses such as Innotelco will meet at this upcoming summit to discuss contracts, projects and investment opportunities.
"We are extremely excited that organizations are beginning to seek our participation in summits such as the SDP," commented Radomir Popovic, Vice President of Sales and Marketing for INNOTLECO. "We believe that businesses are beginning to recognize our strategic advantage that allows us to bridge the gap between China and the emerging countries."
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," "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.
Contact: Empire Relations Group, Inc. Kenneth Maciora (516) 750-9719 Contact via
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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INNOTELCO, Inc. (OTC: ILCO) 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. With 2.26 million shares outstanding and 1,332 shares declared short as of Oct 2006, there is a failure to deliver in shares of ILCO.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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I've been in this one for over a year. I'm surprised it hasn't hit a dime yet. I was in during the run up to s penny and thought it would just keep going. Hopefully this is the run I was looking for before.
Posts: 806 | From: CT | Registered: Dec 2005
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INNOTELCO Discusses Results of Recent Board of Directors Meeting
Dec 20, 2006 08:45:32 (ET)
TORONTO, Dec 20, 2006 (MARKET WIRE via COMTEX) -- INNOTELCO, Inc. (PINKSHEETS: ILCO) today announced the results of its recent board meeting. The company continues to diversify itself by reducing its concentration on transactions within the telecommunications sector to a company that is fast becoming a facilitator of large scale commodities transactions. These commodities include barley, sugar and oil, in addition to commodity-type hardware such as telecommunications products. INNOTELCO is applying this strategy because of the higher margins that can be realized in these large scale commodity transactions.
INNOTELCO is entering the final stages of negotiations for a long-term contract to supply sugar which will be shipped on a regular basis from Brazil to Algeria, Tunisia, Sudan and Libya. In total, the shipments will represent approximately 500,000 metric tons of cane sugar. INNOTELCO expects to realize revenues in excess of $2.5 million and as much as $5 million from this contract. The contract is expected to be signed this month and initial shipments are expected to begin in January 2007.
In addition, the company's directors have made final arrangements for a feed barley shipment which will originate in Eastern Europe and is destined for North Africa. The company is expected to realize a net income of $192,000 from this deal.
Radomir Popovic, Vice President of Sales and Marketing for INNOTELCO, stated, "Much effort has gone into setting up an infrastructure which will allow our company to easily facilitate shipments from South America, China and Eastern Europe to North Africa. We believe we will finally realize the results from the tremendous amount of work that has gone into building this worldwide system. I personally have made several trips over the past year to Eastern Europe and North Africa to help complete these transactions."
About INNOTELCO, Inc.
INNOTELCO is a telecom hardware supplier, specializing in servicing emerging markets that are looking to expand their telecommunications networks. INNOTELCO's products range from indoor and outdoor coaxial cables and accessories to fiber-optics and switching equipment.
INNOTELCO is also engaged in the construction of a worldwide business network which will result in the seamless facilitation of larger scale commodities transactions. This network will span the globe from Asia into Eastern Europe, North Africa, and reaching as far as Sao Paulo, Brazil.
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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INNOTELCO to Commence Shipments of Telecommunications Products FromChina to North African Countries
Dec 28, 2006 08:45:23 (ET)
TORONTO, Dec 28, 2006 (MARKET WIRE via COMTEX) -- INNOTELCO, Inc. (PINKSHEETS: ILCO) today announced that it expects to commence shipments of telecommunications products which will be shipped from China to the North African countries of Algeria, Libya, Tunisia and Yemen. INNOTELCO believes that the initial shipment can expand into a series of shipments which will create a revenue stream for several years.
Approximately $3,000,000 to $6,000,000 in telecommunications products should be shipped by the end of June 2007. INNOTELCO may realize as much as $1.8 million in revenues for its participation in the facilitation of these shipments. This contract is in addition to the revenues that the company expects to realize from the sugar and feed barley shipments which were announced this month.
Radomir Popovic, Vice President of Sales and Marketing for INNOTELCO, stated, "This is truly a very exciting time for our company. Over the past few years, we have worked diligently to create an infrastructure which will allow INNOTELCO to be a facilitator of large scale commodity-type transactions. We now have an infrastructure which will allow us to ship products from China and South America to several North African countries."
Mr. Popovic concluded by saying, "It gives me great pleasure to begin announcing this series of great news to our shareholders. We appreciate their loyalty."
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.
INNOTELCO is also engaged in the construction of a wordwide business network which will result in a seamless facilitation of larger scale commodities transactions. This network will span the world from Asia into Easton Europe, North Africa, and reaching as far as Sao Paulo, Brazil.
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.
posted
This stock has an O/S of 663,000,000 with a market cap of 1,657,500 if my math is correct. Would this be considered undervalued???
Posts: 806 | From: CT | Registered: Dec 2005
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INNOTELCO to Complete Historic Commodity Shipment
Jan 5, 2007 08:31:00 (ET)
TORONTO, Jan 05, 2007 (MARKET WIRE via COMTEX) -- INNOTELCO, Inc. (PINKSHEETS: ILCO) today announced that the shipment of its first large-scale commodity transaction is close to completion. The seller has been identified as Graintec, a large international force in the commodities world. The shipment of approximately 8,000 metric tons of feed barley is expected to leave an Eastern Europe port in the Black Sea and arrive in North Africa in about 3 weeks. Upon completion of the shipment, INNOTELCO will receive a fee for its role in arranging the transaction. Terms are not being disclosed for competitive reasons at this time.
The company continues to diversify itself by reducing its concentration on transactions within the telecommunications sector to a company that is fast becoming a facilitator of large-scale commodities transactions. These commodities include barley, sugar and oil, in addition to commodity-type hardware such as telecommunications products. The company is currently engaged in creating a turnkey solution, which will result in a business platform for commodities transactions. The initial routes have been identified as South America to North Africa and China to Eastern Europe to North Africa.
"This is an exciting time in the history of our company," stated Radomir Popovic, Vice President of Sales and Marketing for INNOTELCO. "We are in the final stages of completing a number of transactions that will transform of our company from a concept company to a fully operating company with substantial financials to support our enthusiasm."
About INNOTELCO, Inc.
INNOTELCO is a telecom hardware supplier, specializing in servicing emerging markets that are looking to expand their telecommunications networks. INNOTELCO's products range from indoor and outdoor coaxial cables and accessories to fiber optics and switching equipment.
INNOTELCO is also engaged in the construction of a worldwide business network that will result in the seamless facilitation of larger scale commodities transactions. This network will span the globe from Asia into Eastern Europe, North Africa, and reaching as far as Sao Paulo, Brazil.
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.
posted
A slow easy climb everyday would be really nice. Hopefully when they start releasing financials they will be above expectations and this will soar.
Posts: 806 | From: CT | Registered: Dec 2005
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PPS .0036 INNOTELCO Discusses Details of Sugar Shipments
Jan 16, 2007 08:38:01 (ET)
TORONTO, Jan 16, 2007 (MARKET WIRE via COMTEX) -- INNOTELCO, Inc. (PINKSHEETS: ILCO) today announced that the initial shipment of sugar from South America to the Middle East is expected to leave the Port of Sao Paulo at the beginning of February. The transaction for 25,000 metric tons of sugar, which was arranged by INNOTELCO, should total approximately $9,000,000. INNOTELCO is expected to earn at least $200,000 for arranging this transaction. Brazil is already the main sugar supplier to the Middle East and Northern African countries.
If the shipment is delivered successfully, INNOTELCO believes that it can arrange between 5-10 sugar shipments this year. The shipment is expected to arrive in the Middle East in mid-February.
"We are working with some very large players in the commodities business," commented Radomir Popovic, Vice President of Sales and Marketing for INNOTLECO. "We are working on several different orders at this time which can make 2007 an incredibly successful year."
Popovic also added, "I am leaving North America for the Middle East to finalize details of these shipments. This one week business trip will allow INNOTELCO the ability to secure our business interests."
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.
INNOTELCO is also engaged in the construction of a worldwide business network which will result in a seamless facilitation of larger-scale commodities transactions. This network will span the world from Asia into Eastern Europe, North Africa, and reaching as far as Sao Paulo, Brazil.
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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