PORTLAND, Ore., Nov. 17, 2004 (PRIMEZONE) -- Nettel Holdings Inc. (OTCBB:NTTL), Berlin and Frankfurt Stock Exchanges (NT7, WKN 727487) today announced $1.13 million in revenues for the 3rd quarter of Fiscal Year 2004.
The 3rd quarter results reflect the hard work of Nettel's divisions, subsidiaries, and combined efforts that enabled us to attain record revenue exceeding $1 million for the first time. This is just the very beginning of large revenue increases that you will see from Nettel. We have experienced a very strong quarter, and a great year overall for Nettel Holdings. Small AVOP orders were processed for the first time, accounting for over 60% of gross sales. IPTalks and PhoneZoo divisions added over 20% of the gross income. Now, we will concentrate on additional staff for technical help and sales/marketing areas so we can start processing the larger orders.
Here are some highlights of our 3rd Quarter successes:
-- In the international market, we are proceeding well. So far in
2004,we have established our VoIP products and services (AVOP,
IPTalks, SipZoo, EBIV, and PhoneZoo) to customers in over 28
countries.
-- Over this past quarter IPTalks resellers and distributors signed
up over 6,000 new subscribers. PhoneZoo division delivered and
processed over 16,000 prepaid calling cards.
-- Since its launch in October 2004, FaxZoo division signed up over
300 unified messaging accounts and is now steadily increasing.
-- While the majority of the revenues this quarter came from the sale
of telecommunication products and services, Nettel Trading has
continued to bring in strong, steady sales. New management
and staff of Nettel Trading is learning to handle daily
operations. The new team focus is to strengthen our sales and
marketing infrastructure while gaining independence from Nettel
Holdings.
-- Toward the end of the 3rd quarter, we have reinvested most of
the profit generated into hiring and training a new independent
management and staff for Entec Software and VoipXchange.
-- Once fully trained, the new team will be rolling out several
sales/marketing initiatives that will be implemented over the next
few months. In addition, a separate management team must be in
place for the spinning off of Entec Software and VoipXchange.
-- Sales of Entec Software products released in the 4th quarter
will be a dynamic new contributor to overall revenue and profit
for Nettel Holdings. The initial Sales of Entec's software
packages have been meeting our forecasts quite well.
The divisions that contributed during this quarter will assist even more in the 4th quarter. We intend to capitalize from building quickly on these initial successes, and this is only the start of long term and consistent progress. We remain confident that these accomplishments are minor in comparison to what Nettel's true potential and creativity can, and surely will bring. When new or exciting developments come our way, we will ALWAYS notify our valued shareholders about what is coming next.
About Nettel Holdings, Inc.
Nettel Holdings Corporation is a holding company owning subsidiaries engaged in a number of diverse business activities, the most important of which are Telecommunication and Software. As an incubator for high technology companies, Nettel Holdings is dedicated to nurturing high-growth, high-tech businesses into profitable industry leaders. In addition to providing the necessary financing, Nettel Holdings provides business support services that accelerated the successful development of our subsidiaries by providing them with an array of targeted resources and services. We look for companies that show vision and compatible ideas that prompt us to invest our money and time into. Our main goal is to produce successful subsidiaries that will leave them financially viable and freestanding. Our subsidiaries are at the forefront of developing new and innovative technologies.