MIAMI, June 23, 2009 (GLOBE NEWSWIRE) -- Fuego Enterprises, Inc., (OTCBB:FUGI) today announces that it has entered into a long term licensing agreement for the technology and digital telephony platforms of IP1 Network Corp., one of the world's leading telecommunication service providers. With this license, Fuego Enterprises is able to offer worldwide telephony services and long distance services over existing fixed or cellular lines in over 30 countries at competitive prices with top quality.
Fuego Enterprises now offers a single solution which allows calls to move seamlessly through NATs, firewalls, the Internet, and worldwide public switch networks by combining soft switches, session controllers, applications services, and proprietary software platforms of IP1 Network Corp. This switch/session controller solution is vendor agnostic and has been tested with most of the primary IP CPE vendors such as: Cisco, Grandstream, Vertical, Sipura, Avaya, Ipitomy, Samsung, Linksys, and Quintum. Additionally, it provides all telephone calling features such as call forwarding, call waiting, call transfer, 3-way calling, prepaid calling, postpaid calling, voicemail, unified messaging and conferencing, telephone number porting, toll free numbers, VoIP lines, SIP trunks, video conferencing, enhanced fax, and enhanced long distance.
"Fuego is now a private branded provider and reseller of telecommunications services on a worldwide basis, with a focus on our existing markets in the U.S. and one day, Cuba. We will develop this offering to be highly competitive with the leading providers of telecom services in these markets and hope to build a stable consumer base in the coming years," said Hugo Cancio, President and CEO of Fuego Enterprises, Inc.
"We are proud and exited to add Fuego as a key strategic partner. Their ability to penetrate certain consumer markets was attractive to our partnership and we have now established full functionality for Fuego's Telephony Solution Service Provider platform. Our network topology was built to ensure 100% redundancy for all network elements with some of the world's best domestic and foreign routes. Additionally, our network backbone and high quality IP-based communication services allows Fuego Enterprises to offer a turn-key solution to their end-users at competitive prices," said Frank J. Erbiti, President of IP1 Network Corp.
The following services will be launched by Fuego in the coming weeks:
1) A pinless platform for digital (VoIP) telephony, worldwide dialing from telephone numbers in over 73 countries, and a state-of-the-art wholesale platform to buy and sell minutes to all worldwide calling destinations;
2) A pinless platform in the USA via two new pinless calling card websites ready for launch to the target the Latino worldwide market. http://www.milllamadas.com will soon be ready to offer competitive long distance rates to all countries. http://www.tellamoacuba.com will specialize in calls to Cuba from anywhere in the world;
3) Residential and business communications services to communities across the United States; and,
4) A digital/VoIP Line designed for voice and long-distance calling over a basic broadband connection while using the Internet.
About IP1 Network Corp.:
IP1 Network Corp. is an enhanced applications services provider that offers worldwide enhanced internet-based services, including Voice-over-Internet Protocol (VoIP) and other IP-based services to medium- and large-sized businesses. The company's operations are located in South Florida. For further information, please visit www.ip1network.com.
About Fuego Enterprises, Inc.:
Fuego Enterprises, Inc. is a diversified holdings company with operations in media and entertainment, telecommunications, and other industries currently under development. Fuego Enterprises is based in the U.S. with a focus on Latin markets and the potential to enter trade with Cuba once restrictions are lifted. For more information, please visit Fuego Enterprises at www.fuegoentertainment.net
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Fuego Enterprises, Inc., members of their management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.