Message #8 From:
NewsBot Date: October 25, 2005 01:00:00 AM
TLCO News Teleconnect in Spain Named Distributor for MultiPhone Venezuela; MultiPhone Latin America to Distribute Its Products in Spain Through Teleconnect Inc's Wholly-Owned Subsidiary, Teleconnect Comunicaciones S.A.
MADRID, Spain--(BUSINESS WIRE)--Oct. 25, 2005--Teleconnect, Inc. (OTCBB:TLCO) has signed a distribution agreement with MultiPhone Latin America delineating Teleconnect Comunicaciones S.A.'s extensive distribution network in Spain to rapidly deploy MultiPhone Venezuela products' in Spain.
MultiPhone Venezuela's expansion objective, since the Company's inception, has been to establish itself in the major cities of Latin America providing inexpensive high quality, long distance communications services. From its Miami offices, MultiPhone - looks to - Spain as the first stepping stone into expanding into Europe. The worldwide Spanish-speaking community is amongst the largest demographics representing a very large market demanding telecommunications services and Internet access.
MultiPhone's Executive in Spain, Nelson Miliani Ramos explains, "In order to optimize our time-to-market, we chose to enter the Spanish market using Teleconnect's already established and growing distribution network. Teleconnect is well recognized in Spain for providing quality products and services as well as for having key distribution partners. In addition, Teleconnect's team has been very proactive to help us adapt our prepaid calling card to be competitive for the immigrant market in Spain looking to call internationally. Once established in Spain, we would look at Teleconnect to help us expand through Europe".
Teleconnect Inc. Executive Vice-President, Herman de Haas explains, "The distribution agreement with MultiPhone allows Teleconnect Comunicaciones to complement its product portfolio with a very competitive prepaid calling card for the immigrant market. This agreement with MultiPhone will allow us to expand - the Company's geographical reach more rapidly. Our corporate objective is to build shareholder value by expanding our operations, exploiting the economies of scale and building profitability. rapidly growing operations to create and build shareholder value."
About MultiPhone:
MultiPhone was founded in 1999 as a cutting-edge worldwide VoIP service provider offering telephony and Internet service. From its offices in Miami, MultiPhone serves the United States, Canada, Mexico, Central America and the Caribbean. The company's offices in Caracas, Venezuela, handle the South American market, while MultiPhone Madrid takes care of Europe and Asia. All in all, MultiPhone is among the fastest growing VoIP service providers in the Western Hemisphere.
Utilizing state-of-the-art information technology, MultiPhone Latin America has assembled one of the largest and most reliable networks of satellite and fiber-optic cable with system platforms that deliver high-quality connections for consumers in the United States and Latin America. MultiPhone uses the latest in communications technology to provide a wide range of products and services including prepaid and postpaid international long distance to meet the needs of both individual and corporate clients. www.multiphone.net
About Teleconnect Inc:
Teleconnect Inc., Inc. through its wholly owned subsidiary Teleconnect Comunicaciones S.A., a Spanish telecommunications company, is a major player in the prepaid telecoms industry in Spain. Teleconnect, Inc. is traded on a U.S. stock exchange, the Over The Counter Bulletin Board (OTCBB:TLCO). Teleconnect provides commercial and residential users in Spain with a very competitive array of prepaid services. www.teleconnect.es
Forward Looking Statements:
Except for the historical information contained herein, the statements in this press release are forward-looking statements that involve risks and uncertainties. Potential risks and uncertainties include, without limitation, continued competitive pressures in the marketplace; the effect competitive and economic factors and the Company's reaction to them may have on consumer and business buying decisions with respect to the Company's products; the ability of the Company to make timely delivery of new products and successful technological innovations to the marketplace; the continued availability of certain components and services essential to the Company's business currently obtained by the Company from sole or limited sources. More information on potential factors that could affect the Company's financial results is included from time to time in the Company's public reports filed with the SEC.
