CHICAGO, Aug. 5, 2010 (GLOBE NEWSWIRE) -- NaeroDynamics, Inc. (Pink Sheets:NDYN), and its wholly owned subsidiary IE Telco Solutions, Ltd. (IETS) would like to provide its shareholders and potential investors with additional information regarding its business and its signed contracts.
IETS has signed the additional contracts it referenced in its March 21st, 2010 business update press release. The contracts were signed several months ago and the work is being performed in accordance with these contracts. The company has not been at liberty to disclose these customer contracts due to confidentiality clauses agreed to within the contracts.
IETS now has signed contracts with 3 of the top 10 CLEC's in the United States. The contract with TelePacific Corporation is in full production and performing very well. The most recent CLEC customer contract is being executed in accordance with its project timelines and the 3rd CLEC contract is still awaiting data delivery from the client. The 4th contract signed through a channel partner to provide services to a Pan-European telecom operator is progressing in accordance with the project timelines as well.
"IETS is executing its business plan. We are focused on providing our customers with the high levels of service and the most savings possible. We believe this is the best the way to build significant long term value as for our shareholders," says Lee Wiskowski Co-CEO of NaeroDynamics.
Doug Stukel, Chairman and Co-CEO of NaeroDynamics also states, "The savings we provide our customers has a direct correlation to our top and bottom line. The more savings we find them the more revenue we earn. There is definitely a win-win relationship here."
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.