MALAGA, Spain, Aug. 4, 2004 (PRIMEZONE) -- Sunline Communications SL, the European Subsidiary of Amitelo Communications, Inc. (Pink Sheets:ALOC) announced today that it has been awarded a new contract calling for the delivery of Wireless Broadband and VoIP Telephony to 150 camping units in a campground in Antequera, Southern Spain.
"This is just the beginning of a new era," said Khaled M. Akid, Amitelo's Chairman & CEO. He added, "This small contract will translate into minimum annual revenues of US$ 250,000 -- allowing for a gross margin of approximately 40% -- but we are looking to target larger underserved urbanizations in this region. This strategy will lead to an important expansion of our subscriber base and will also lead to major revenue increases." He concluded: "We are expecting to gain 4 to 5 similar contracts through the end of this year."
About Amitelo Communications, Inc:
Amitelo Communications Inc. is an international telecommunications and Internet service provider company. Amitelo's core business is dealing with the delivery of high quality voice & Internet services. The company's concentration is on providing both VoIP Voice over IP services and DSL / Broadband via Satellite in regions lacking connectivity. Several parts of Southern Europe and many regions in Africa and the Middle East currently lack connectivity. The company is currently dealing with Internet & Voice traffic generated by it's international subscribers and is in the process of expanding its services by establishing further POP Points of Presence throughout Africa and the Middle East. The company's management brings over 70 years of combined experience in almost all aspects of Information Technology and Telecom.
Forward-looking statements in this release are made pursuant to the "safe harbour" provisions of the Private Securities Litigation reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
For more information on Amitelo Communications Inc., please visit our website at: or e-mail us at info@amitelo.com