SAN DIEGO, June 22, 2012 (GLOBE NEWSWIRE) -- VelaTel Global Communications (OTCQB:VELA), a leader in deploying and operating wireless broadband and telecommunication networks worldwide, announced today that its subsidiary Zapna ApS, a Denmark corporation and provider of mobile applications and Smart SIM cards to reduce mobile long distance and roaming charges, has signed a distribution agreement with Norway based software and telecommunications solutions provider Soft Garden to launch Zapna services in Norway and thereby increase its distribution and revenue. Based on this agreement, Zapna expects to reach to more than 25,000 new potential customers in Norway, with projected revenues through 2013 of $500,000.
"We are very excited about the distribution deal that we recently completed, which will help us grow subscribers and revenue quickly," said Zapna Founder, Omair Khan. "We are executing on our business plan and will continue to press forward with new distribution and strategic partnerships over the coming months."
Soft Garden will be the main distributor for Zapna in Norway and will launch Zapna's "Smart SIM" service to greatly reduce customers' costs of placing and receiving international calls. The initial launch in July 2012 will focus on the business and the consumer segment of the market ("B2B/B2C").
The prepaid service plan for international mobile calls Soft Garden will offer its customers using Zapna's products and technology is the first of its kind in Norway, since it will allow customers to keep their current subscription, operator, and device, while dramatically reducing the cost of their international traffic by up to 90% using Zapna's Smart SIM.
Getting a Smart SIM is easy. The customer just needs to buy a Smart SIM card start package from Soft Garden, install the card on top of the phone's existing SIM card from the current operator, and open a charge account at Soft Garden's website. The card is simple to install, works seamlessly with the existing SIM card, and provides excellent voice quality.
"Zapna is a hidden gem within our treasure chest of products and services," said George Alvarez, CEO of VelaTel. "Zapna generated over $1M in revenue and was profitable in 2011, its 2nd year of business. We are expecting dramatic top- and bottom-line growth in 2012 and beyond."
VelaTel has ambitious sales and marketing plans for Zapna and intends to build Zapna as a worldwide brand.
About VelaTel Global Communications, Inc.
VelaTel acquires spectrum assets through acquisition or joint venture relationships, and provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. VelaTel currently focuses on emerging markets where internet penetration rate is low relative to the capacity of incumbent operators to provide comparable cutting edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. VelaTel currently has project operations in People's Republic of China and Peru. Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. VelaTel's administrative headquarters are in San Diego, California. For more information, please visit www.velatel.com.
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About Soft Garden
Soft Garden provides software solutions for the business market, and telecommunications solutions for residential and business. Soft Garden was established in 2012 and focusing on quality service and a strong product portfolio under a full-service concept, Soft Garden is already providing solutions to several major corporations based in Norway.
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