CHICAGO, July 29, 2010 (GLOBE NEWSWIRE) -- NaeroDynamics, Inc. (Pink Sheets:NDYN), and its wholly owned subsidiary IE Telco Solutions, Ltd. (IETS) are reaffirming their earlier statement that they believe they will be able to report significant revenue for the 3rd and 4th Quarter of 2010.
IETS's telecom circuit cleansing business, using its proprietary Enterprise Circuit Manager (ECM) software application, has been producing extremely positive results for one of it's major customers and continues to move steadily forward with several other major customers. It is these positive results that should translate into significant revenue recognition for the company later this year.
"We continue our commitment to providing industry leading performance to our customers and diligently continuing our pursuit to enhance shareholder value," says Lee Wiskowski, Co-CEO of NaeroDynamics.
Doug Stukel, Chairman and Co-CEO of NaeroDynamics, also states, "2010 should be a milestone year for our company both from a telecom industry recognition perspective and our intention of becoming a full reporting public company and qualifying for the higher levels of public stock exchanges."
About Us:
IE Telco Solutions, Ltd. (IETS), a wholly owned subsidiary of NaeroDynamics, Inc., specializes in managing and reducing telecoms circuit costs for Telcos and large enterprise. The Company offers a powerful combination of highly skilled and experienced telecoms professionals combined with a unique software application Enterprise Circuit Manager (ECM). ECM ensures full circuit lifecycle inventory control, significant data quality improvements, supplier invoice reconciliation, network optimization, and proven cost reduction. www.naerodynamics.com
Forward-Looking Statements:
Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the company's inability to accurately forecast its operating results; the company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the company's business. For further information on factors which could impact the company and the statements contained herein, reference should be made to the company's filings with the Securities and Exchange Commission, including annual reports on Form 10-KSB, quarterly reports on Form 10-QSB and current reports on Form 8-K. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.