31E Cellular Ltd. Announces Return to Profit


CALGARY, Alberta, March 31, 2005 (PRIMEZONE) -- 31E Cellular, Ltd. (Pink Sheets:VGTV) a Nevada Corporation is pleased to announce a return to profit as of March 2005. This follows a period of investment and expansion, which saw the company move into 250% larger premises and increase its sales force by 30%.

The company anticipated and encouraged an employee growth curve, which it supported with a comprehensive recruitment program and prepared for by moving to larger offices in August 2003.

Following careful selection, the trainee sales executives were put through an intensive training program, from which they all successfully graduated last month. The company also increased staff numbers in the Support and Production Departments.

The 31E Cellular office now encompasses 6,000 square feet, which includes state of the art meeting rooms with multi-media conferencing options. This high tech environment enables easy communication, promotes efficiency within the company and facilitates a high standard of presentations and training.

"The modern office's panoramic views add to the sense of harmony and achievement that the company radiates," Charlie Moore, Head of Recruitment.

"The return to profit is in line with our vision for company growth and confirms our expectation that investment in company resources, both human and material, would prove a successful strategy. We expect our well-oiled recruitment drive to continue to produce outstanding results over the next nine months, during which time we foresee a continued expansion. The growing sales force will continue to be reflected in exponentially increased profit margins," -- Charmaine de Souza, Chief Executive Officer.

This media release may contain forward-looking statements regarding, but not limited to, management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.



            

Coordonnées