LONDON, May 14, 2007 (PRIME NEWSWIRE) -- IT Group Holdings Inc. (OTCBB:ITGL) announced today that its UK subsidiary Internet Telecommunications Plc (IT) has now completed the first range of the six million (6,000,000) numbers allocated to it by the UK regulator Ofcom. Included in the first range are 1,700,000 non-geographic and geographic numbers for connection onto British Telecom's (BT) network.
This represents another milestone on the continual upward business path for the Company. The number ranges allow a person or company to have the appearance of a local presence anywhere in the UK. These will further allow them to advertise company(s) and their Products with a local representation, while still maintaining a head office elsewhere around the world.
IT can now provide many thousands of individuals, companies, organizations and businesses in the UK with personalized numbers allowing them to use these on Business Cards, Yellow Pages directories and all forms of Advertising. This helps organizations to increase revenues with Local and National Telephone Numbers, which have become very popular with businesses in the UK.
About IT Group Holdings Inc.
IT Group Holdings, Inc. (formerly Green Mountain Capital, Inc.) trades through its wholly owned UK subsidiary Internet Telecommunications Plc (IT). IT is fast becoming a leading global provider of telecommunications services. In 2006, IT achieved $22.7m in revenues (up 14.7% over 2005) and $1.35m in gross profits (up 18% over 2005) through its successful and seasoned management team. IT Group Holdings is now established as a fast expanding wholesale carrier-operator supplying service providers and businesses with low cost telecommunications lines as well as competitive and high quality telephone call services including voice, data, value-added services such as SMS, and carrier services such as Voice-over-Internet Protocol (VoIP).
Forward-Looking Statements
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.