MIAMI, June 28, 2005 (PRIMEZONE) -- Y-Tel International (OTCBB:YTLI) announced today that it has appointed Todd Wallace as its new Chief Technology Officer.
Todd Wallace was the CTO of Touchstone Systems, Inc. from 2003 until the present. He was the architect of the fully redundant Nextone session controller for Touchstone Systems targeted at the wholesale VoIP market generating 1.2 million minutes per day.
Mr. Wallace was also responsible for negotiating and implementing over 100 interconnections with carriers such as AT&T, Qwest, MCI, Telecom Italia, Teleglobe, Broadvox, iBasis, IDT, T-Systems, KDDI including foreign PTTs and concessions, such as Tricom, China Telecom, China Netcom, Protel, Dialme, Bestel, and Avantel.
He developed foreign markets such as Mexico, Guatemala, Honduras, China, Vietnam, Philippines, India and Pakistan. He deployed a 24 x 7 Network Operations Center (The NOC) in Pune, India for support of the wholesale operation and set-up an Asterisk IP-PBX for corporate use and the call center operations in India.
Mr. Wallace was also the lead Network Architect for CCC GlobalCom, FlashNet Communications and Excel Telecommunication, Inc. which ran over 500 million minutes monthly. Once at Excel, Todd Wallace segmented all vendor traffic from the Excel internal network to an external billing/provisioning network allowing easier management and greater security. Todd also setup Worldcom, MCI, IXC, and Frontier dedicated connections on the external network for the movement of data between companies as well as installed an RS/6000 for the consolidation of all Connect Direct:/NDM MSDOS processes into a single AIX solution.
Mr. Wallace installed and supported Faxgate faxserver to support LECs too small to support Connect Direct:/NDM led the migration from SNA to TCP/IP Connect Direct with over 12 Local Exchange Carriers, evaluated and implemented network management products such as Insight Manager, HP Openview, HP Netmatrix, Managewise, Optivity, CA Unicenter, Spectrum, Netcool, and BMC Patrol for Enterprise Network Management solutions.
Steve Lipman, President of Y-Tel International stated, "Mr. Wallace has the experience and technical skills the Company needs to build the network infrastructure and carrier relationships worldwide and I am pleased to say that Todd Wallace will help take Y-Tel International, Inc. to the next level. Todd will be a tremendous asset to the Y-Tel Team."
Safe Harbor Statement
This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding potential results and future plans and objectives of Y-Tel, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in our documents filed from time to time with the Securities and Exchange Commission. Other risk factors may include, but are not limited to, our ability to obtain financing on acceptable terms, or at all, working capital constraints, fluctuation in quarterly results, and increased competition for the fields targeted by the company, our ability to commence operations as scheduled, the economical operation of the process we intend to operate and our ability to protect the proprietary technology we use. Further, the company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the company's control, such as announcements by competitors and service providers. The contents of this press release are presented as a general overview of the company. It is intended only to contain general information regarding the company and its business and does not purport to provide complete disclosure or analysis of all matters, which may be relevant to a decision to make an investment, including all risk factors or similar considerations. Although the information is believed current as of the date herein, the information may be subject to change, amendment or supplementation, and the company does not expect, and assumes no obligation, to update or otherwise revise the information herein.