CORAL SPRINGS, Fla., June 9, 2005 (PRIMEZONE) -- Aventura VOIP Networks, Inc (formerly Sun Network Group, Inc.) (OTCBB:SNNW) (Frankfurt:WKN#570891) ("SNNW") has released a letter to its shareholders from its new Chairman and CEO.
Dear Fellow Shareholders:
A year ago, we aimed to be the world's leading VoIP networking company and technology leader. During this past year, our customers trusted and turned to us for their critical networking and communications needs. At the same time, we committed to grow our business while also improving our customer focus and our overall financial strength and flexibility. Our recent reverse acquisition with Sun Network Group, Inc. was a monumental step towards enabling us to achieve our objectives.
Despite the challenges of an unpredictable and often turbulent telecom market, I'm proud to note that Aventura's results demonstrate solid progress. Through ongoing innovation and investment, Aventura has transformed itself in many important ways, successfully positioning the company as a leading "provider of choice" in the complex new age of networking and communications. While our transformation is ongoing, we're today delivering an increasingly robust mix of services and networking solutions to customers around the globe.
In preparation for the reverse acquisition, Aventura internally transformed and improved initiatives designed to bring greater long-term shareholder value. We are and continue to take targeted, strategic action to drive down costs, reengineer the business through process enhancement and automation and advance our networking capabilities and performance.
Aventura understands the transformative power of networking, and we're fundamentally "changing the game" for our customers, allowing them to successfully reinvent their operations with new levels of productivity and insight. For example, we developed, tested and are now delivering proprietary, integrated end-to-end solutions our customers demand.
Our commitment to lead the Voice over Internet Protocol (VoIP) revolution is an exciting opportunity for Aventura, and a great example of our ability to leverage our networking and technology leadership.
These are just some of the many actions we're taking to position Aventura as an enduring leader in a bold new era of networking and communications services -- and we're only just getting started. We are marching forward with a fierce competitive spirit and an overriding focus on delighting our customers and winning in the marketplace. And we are positioning Aventura as a primary beneficiary of the coming rationalization in telecom sector pricing and demand.
Through your investment in Aventura, you are part-owner of a great company. We are advantaged on many levels, from our competitive cost structure and technological expertise to our industry-leading operational scale. We are moving forward with a strategic vision at a time when many competitors continue to struggle with fundamental issues of profitability and debt management.
Clearly, the telecom industry remains a challenging and evolving place. Aventura is evolving as well. Through ongoing innovation and investment, we are successfully transforming our company beyond its core telecom heritage to become a "communications company." We will continue to take targeted, strategic action to deliver world-class performance over the long-term. In short, Aventura is a company "on offense," and we intend to set the standard by which others in this industry are measured -- today, and for many years to come.
It's a great honor for me to serve as your Chairman and CEO. I thank you for your support, and look forward to reporting our continued progress in the months ahead.
Craig A. Waltzer Chairman and Chief Executive Officer Aventura VOIP Networks, Inc
About Aventura VOIP Networks, Inc.
Aventura VoIP Networks, Inc. is a rapidly expanding participant in a multi-billion dollar wholesale VOIP market. Its core competencies are developing innovative telecommunications software and our investment in technologically advanced switching solutions puts us on the forefront in this exciting industry. The Company offers a suite of products that have been devoted to each and every facet required of a NextGen telephone company. Whether you are an ISP, ITSP, Long Distant Carrier or Cable Provider Aventura VOIP Networks provides an easy-to-use modular solution for your telecommunication needs.
This announcement contains forward-looking statements about Sun Network Group, Inc. that may involve risks and uncertainties. Important factors relating to the company's operations could cause actual results to differ materially from those in forward-looking statements and are further detailed in filings with the Securities and Exchange Commission available at the SEC website (http://www.sec.gov). All forward-looking statements are based on information available to Sun Network Group, Inc. on the date hereof, and Sun Network Group, Inc., assumes no obligation to update such statements.