FUENGIROLA, Spain, Feb. 6, 2004 (PRIMEZONE) -- Spantel Communications, Inc. (OTCBB:SPAL) announced today that they have entered into their third agreement of 2004 with Sky Link of Madrid. The agreement will significantly boost Spantel's presence in the Spanish capital in both voice and Internet services. Sky Link has primarily focused on Internet services, and their expertise is expected to be pivotal in promoting Spantel's wholly owned ISP subsidiary, Spansurf.
Spantel will also market many of their services to Sky Link's customers as well as route all voice traffic through Spantel. Spantel's president, Jose Ramon Basterra, explained, "We are very happy that months of negotiations are finally coming to fruition. Many of the alternative carriers continue to contact Spantel with proposals that could greatly enhance our overall financial position in the coming years. We are evaluating all of these opportunities and are aggressively pursuing those that will give us an immediate or enhanced presence in areas we have targeted for expansion."
Spantel has entered into agreements with three alternative carriers this year and are continuing to pursue negotiations with others. As a result of these agreements, Spantel is enhancing its image as a national carrier with a physical presence in these important regions. Spantel anticipates these agreements to increase overall traffic by 35% and immediately be accretive in 2004.
Spantel Communications is a provider of telecommunications services throughout Spain.
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include, among other things, the competitive environment in the telecommunications industry in general and in the Company's specific market areas, inflation, changes in costs of goods and services and economic conditions in general. Those and other risks are more fully described in the Company's filings with the Securities and Exchange Commission.