MIAMI, July 6, 2005 (PRIMEZONE) -- Y-Tel International (OTCBB:YTLI) announced today that it has added Todd Wallace and Dan Robison to its board of directors.
Todd Wallace is currently the Chief Technology Officer for Y-Tel International and Dan Robison was just recently appointed the Chief Operating Officer for the company.
Mr. Wallace was the CTO of Touchstone Systems, Inc. from 2003 until the present. He was the architect of the fully redundant Nextone MSW session controller for the H.323 and Media routing, targeted at the wholesale VoIP market generating 1.2 million minutes per day.
Mr. Wallace was also responsible for negotiating and implementing over 100 interconnections with carriers such as AT&T, Qwest, MCI, Telecom Italia, Teleglobe, Broadvox, iBasis, IDT, T-Systems, KDDI including foreign PTT's and concessions, such as Tricom, China Telecom, China Netcom, Protel, Dialme, Bestel, and Avantel.
He developed foreign markets such as Mexico, Guatemala, Honduras, China, Vietnam, Philippines, India and Pakistan. He deployed an 24/7 Network operations Center in PUNE, India for support of the wholesale operation and set-up an Asterisk IP-PBX for corporate use and the call center operations in India.
Mr. Robison is an operations expert with experience ranging from billion dollar public companies to private, asset based European telecom entities. Mr. Robison founded Euphony Communications as a U.K. based switchless reseller. Euphony had 75,000 customers in its first year of operation and within 5 years grew its gross billing in excess of 500 million minutes per month.
Mr. Robison was VP of Marketing Operations for Excel Communications, where he helped grow the company from just a few employees to the fastest company to reach $1 billion in sales and enter the New York Stock Exchange.
Steve Lipman, President of Y-Tel said today, "Y-Tel has now strengthened the telecom expertise within the company. The company is now prepared for the tremendous growth potential which lies ahead in the underdeveloped Wi-Fi market worldwide."
To learn more visit www.ytelwifi.com
Safe Harbor Statement
This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding potential results and future plans and objectives of Y-Tel, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in our documents filed from time to time with the Securities and Exchange Commission. Other risk factors may include, but are not limited to, our ability to obtain financing on acceptable terms, or at all, working capital constraints, fluctuation in quarterly results, and increased competition for the fields targeted by the company, our ability to commence operations as scheduled, the economical operation of the process we intend to operate and our ability to protect the proprietary technology we use. Further, the company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the company's control, such as announcements by competitors and service providers. The contents of this press release are presented as a general overview of the company. It is intended only to contain general information regarding the company and its business and does not purport to provide complete disclosure or analysis of all matters, which may be relevant to a decision to make an investment, including all risk factors or similar considerations. Although the information is believed current as of the date herein, the information may be subject to change, amendment or supplementation, and the company does not expect, and assumes no obligation, to update or otherwise revise the information herein.