MIAMI,, Feb. 3, 2005 (PRIMEZONE) -- In a release sent earlier under the same headline, please note the removal of "government mandated" and "Servicio de Red" from the second paragraph, as well as other edits. The full corrected release follows:
Telatinos Inc. (Pink Sheets:TLTD), a Latin American IP VoIP service provider, today announced that the Company has entered into a three-year, exclusive licensing and technology transfer agreement for Telatinos subsidiary IPxes Corp to provide IPxes network services and XRF link(R) products to Cuba.
The exclusive licensing agreement enables the licensor to perform sales, service, engineering and maintenance of the products and services applicable under exclusive licensing agreement in Cuba only. The exclusive licensing agreement also stipulates that the Government agencies of Cuba may implement a proprietary firewall system for its IPxes network and XRF link system purchases without divulging the specific modifications to IPxes or Telatinos or the exclusive licensee.
The Company has received $5,000,000 for the exclusive license. The Company will also receive 6.25% of all gross orders received by the exclusive licensor for Cuba for the next three years.
IPxes is a business class, highly scalable communications service that provides Broadband data, voice and wireless service using multiple integrated T-1 lines with a layer 2 private network. Our proprietary technology and integration provides SME customers with dedicated Internet access, customizable business solutions for voice, data, wireless and Internet, and secure communications channels between the SMEs' offices, partners, vendors, customers and employees without the use of a firewall or encryption devices. IPxes has a growing network presence in South America, including network facilities in Brazil, Colombia, Costa Rica, and main operations in Miami, Florida. IPxes' proprietary technology, XRF link(R), remote network locations may be connected through IPxes' network, enabling secure and direct transfer of communication, documents, databases, and virtually any other information between a client's headquarters and its remote locations. Each location is provided with dedicated access and extended services with maximum efficiency. The XRF link solution allows data to be delivered at the fastest and most efficient speeds available today. In addition, unlike traditional encryption-based virtual private network technologies, XRF link avoids the use of the public internet for transferring secured information between locations. Secured information travels on a private network. IPxes clients experience the highest level of security and efficiency.
About Telatinos Inc.
Telatinos is an emerging Latin American ISP and communications service provider offering full-featured, cost-effective, high-quality local, long distance and international telephone services -- including 911 and E911 -- to both businesses and private residences in Latin America. Learn more about our Company at www.telatinos.com.
Forward-Looking Statements
This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including: business and economic conditions and growth trends in the VOIP industry and Latin America; in the geopolitical environment; overall information technology spending; the growth of the Internet; levels of capital spending on Internet-based systems and other risk factors. Telatinos results of operations are not necessarily indicative of Telatinos operating results for any future periods.