BALLASALLA, Isle of Man, Aug. 25, 2006 (PRIMEZONE) -- CallKey International, Inc. ("CallKey") (Pink Sheets:CKYI), through its wholly owned subsidiary CallKey Group Ltd., is a global telecom operator providing leading-edge mobile and Internet-telephony services to a growing and diverse customer base at present in 35-plus countries -- and rapidly expanding. CallKey's central "hub" architecture effectively bridges traditional telecom (fixed line and mobile) and Internet (VoIP) technologies. This proprietary technology allows CallKey to differentiate itself in a crowded marketplace and compete in the highest growth sectors of international telephony.
On March 15, 2006 and upon completion of CallKey's acquisition of CallKey Group Ltd., CallKey received $1 million in financing in the form of a convertible debenture. On April 6, 2006, CallKey received an additional $500,000 in financing; on August 17, 2006 CallKey received $300,000 in financing. The proceeds of these investments were used by CallKey to fund the ongoing operations of its subsidiary.
CallKey is required to file a registration statement to register the shares into which the debenture is convertible and shares issuable upon exercise of warrants issued to the debenture holder and other parties for their assistance with structuring the transaction.
About CallKey
CallKey International, Inc. (Pink Sheets:CKYI), through its subsidiary, CallKey Group Ltd., is based in the Isle of Man and provides low cost wholesale communications using proprietary as well as traditional technologies. Unlike most competitors, CallKey's calling system permits its clients to use both cell phone and land lines to make calls world-wide on a discounted basis. More information is available about CallKey at www.callkey.com.
Safe Harbor Statement
Statements in this news release about CallKey's future expectations, including: the advantages of our products and services, anticipated competitive advantages and all other statements in this release, other than historical facts, are forward-looking statements. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as new technologies developed by other companies, market share garnered by competitors, ability to maintain vendor relationships, potential volume limitations of our system, and the potential for increased regulation.