DENVER, Colo. and LONDON, Sept. 9, 2004 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QANT), through its wholly owned subsidiary DimiTel Ltd, the experienced voice system developer and voice billing provider, has announced that it signed an agreement with Ihlas.Net in Turkey and their partner company Yamatel Ltd.
DimiTel will be supplying Wholesale Termination, Calling Cards, WEB CallBack and SMS CallBack to Ihlas.Net, who recently received an International Telecommunications License in Turkey. All those services will be provided to the Turkish market using DimiTel platform to be installed in the capital Istanbul.
According to Quantech's CEO, Mr. Rony Cohen, "This is an exciting partnership to be part of. We are extremely pleased that our services will be rolled out in Turkey and expect them to be successful in the Turkish market"
Through Yamatel's agreement, The Company will supply Ihlas.Net with not only the equipment, but also continuing services and termination through their worldwide network of operators.
About DimiTel Ltd
DimiTel has based its business and technology upon its founders' experience in the mobile applications and voice billing systems. DimiTel's products range from VoIP, whole billing systems to complex VoIP PBX.
DimiTel's platforms are commercially proven in multi-vendor operations, and are used with more than 20 leading telecom operators, calling card operators and partners. DimiTel currently operates 3 major POPs worldwide.
About YamaTel
Yamatel is a marketing expert in the discipline of Telecom Services and Value Added Services, such as Calling Card, CallBack, Web CallBack, Content for cellular operators and ASP, Wholesale and Smart VoIP solutions.
YamaTel projects meets the continuing needs of preferred potential customers around the world, by delivering time sensitive critical information and custom fit solutions, using a high end technology and an access to a valuable host of resources and clientele.
About Ihlas Holding and Ihlas.Net
Ihlas Holding was founded in 1970. The major services provided by Ihlas Holding are in the fields of construction, health and education. However, in addition Ihlas Holding has a big share in media, finance, information technologies and other service sectors.
Ihlas Holding owns 99.5% of the shares of Ihlas.Net. Ihlas.Net, serving in information technology sector since 1996, provides corporate service to 3,500 companies along with individual services for 6 years.
Safe-Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties. QANT's actual results could differ materially from those discussed in such forward-looking statements based on a variety of factors not under the control of QANT including but not limited to, market conditions, level of investment on technology, changes in operating conditions and costs, technology developments, etc. QANT assumes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it was made.