VANCOUVER, Wash., August 14, 2003 (PRIMEZONE) -- Nettel Holdings, Inc. (OTCBB:NTTL), is pleased to introduce a $.0079 per minute rate for long distance carriers and wholesalers. The Company is preparing for significant growth, which it expects to result from this new rate program.
At current capacity, Nettel can terminate over 280 million minutes of U.S. calls per month. In preparation for handling the expected increased volume, Nettel needed to secure three things: equipment that could handle up to 10 DS3 worth of traffic; bandwidth to handle up to 10 DS3 worth of traffic; and a secure nationwide network with multiple bandwidth and local termination providers.
As of January 28, 2003, VoipXchange.net, a subsidiary of Nettel, had acquired virtually all of the business assets of a large telecommunication provider. The assets included a carrier-grade, class 4 and class 5 soft-switch based solution, putting Nettel one step closer to completing their plan to build out a nationwide VoIP termination network.
Then, on June 27, 2003, Nettel completed the relocation, installation, and upgrade of its bandwidth capacity to a redundant OC-48 connection. An OC-48 connection provided VoipXchange.net with Internet connectivity of 2.488 Gbps. At full capacity, this would allow Nettel to originate and terminate over 16 billion minutes per month, including both domestic and international wholesale minutes.
Finally, on August 11, 2003, Nettel secured a nationwide network with multiple bandwidth and local termination providers.
Nettel's operational strategy has, and will, continue to encompass the following: Continued efforts in the international market to introduce new options, make available lower rates, new features, increased functionality and products that expand Nettel's addressable market(s); and providing Nettel's target customers with the complete solution they require.
About Nettel Holdings
Nettel Holdings Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities, the most important of which are Telecommunication and Software. The wholly owned subsidiaries of Nettel Holdings are Nettel Telecom International, VoipXchange.net, and EnTec Software. In addition, the Company operates Nettel Trading which offers the trading of Metals, Chemicals, and other commodities.
About VoipXchange.net
VoipXchange.net has partnered with over 1,600 major VoIP network termination partners worldwide to access their network infrastructure, allowing VoipXchange.net to provide high-quality, low-cost "any-distance" call termination to over 250 countries and territories. The Company operates its own, or in cooperation with other providers, a network of VoIP gateways throughout the world. These gateways are located mostly in difficult-to-reach countries or regions and provide local termination of international calls. VoipXchange.net offers this service to any international carrier that is interested in reliable and inexpensive completion of its traffic to the VoipXchange.net's On-Net destinations.
Safe Harbor:
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.