ZURICH, Switzerland, Feb. 11, 2008 (PRIME NEWSWIRE) -- Qnective Inc. (OTCBB:QNTV), announced today the signing of a VoIP partnership agreement through its affiliate Teltrade with Aquanil Advisors Inc. of the Dominican Republic in cooperation with ColorTel.
Aquanil is one of the major communications solutions providers between the United States and the Caribbean while ColorTel is a well-known VoIP provider in the Dominican Republic.
The service that will be provided will be called AQ VoIP and is based on the VoIP software developed by Qnective's affiliate Qporter. The service will be launched next month and the joint goal is to reach 50,000 users.
Jose Gomez Canaan, Aquanil CEO, said, "Qnective Inc.'s offerings are among the most interesting and innovative in the industry. Aligning with Qnective in the rapidly growing VoIP segment will provide us with distinct competitive advantages. In addition, Qnective's product meets our needs and is a perfect complement for our existing products."
Added Oswald Ortiz, Qnective CEO, "The partnership with Aquanil and ColorTel further demonstrates the demand for our VoIP product and establishes our entry into a rapidly growing overseas market. This new market entry represents a significant milestone in the development of our company. We look forward to our collaboration with Aquanil, ColorTel, and their team in which we have great confidence and with which we have an excellent mutual understanding."
About Qnective Inc.
Qnective Inc., through its subsidiary Qporter Inc., has developed Qporter (www.qporter.com), a unique software communication tool that combines the benefits of instant messaging with "push to talk" capability as well as VoIP while enabling the exchange of multimedia files, voice clips, pictures and Giganticons. Qporter allows the user to communicate at home from a desktop computer and on the road via cell phone. Unlike SMS and MMS, Qporter is free of charge. Sending messages, photos and videos is free among Qporter users. The only costs incurred are service provider connection and data transfer fees. Qporter Inc. is currently finalizing the last steps of the development of its own VoIP solution for mobile and desktop communication, which is expected to include a consumer version called Qtalk and business solutions called Qporter Business and Qporter Secure. For more information, please visit: www.qnective.com.
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About Aquanil Advisors Inc.
Aquanil Advisors Inc. is a privately-held company that provides general solutions, specialized in communications and technology. Aquanil is part of a family corporation with investments in media, real estate developments, public relations, telecommunications and law firms, among others. Aquanil is dedicated to providing services and products in telecommunications for security, IT, communications and business defense. It provides services and products in cryptography, voice communications, strategic intelligence, competitive intelligence, security projects, training, data recovery and more. Offering a broad portfolio of products and services, Aquanil has the most advanced solution for every market while being specialized in the American and Latin American communities.
Forward Looking Statement
The forward looking statements in this press release and statements made by or on behalf of the Company relating hereto, including those containing words like "expect," "project," "believe," "may," "could," "anticipate," and "estimate," are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be affected by certain risks and uncertainties, including risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. In light of the significant uncertainties inherent in the forward-looking statements included herein, you should not regard the inclusion of such information as a representation by us that our objectives, plans and projected results of operations will be achieved and the Company's actual results could differ materially from such forward-looking statements. The Company does not undertake any obligation to publicly release any revisions to the forward-looking statements contained herein to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.