| [July 13, 2007] |
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Splinternet Holdings Announces International Long Distance Calling Service for Mobile Virtual Network Operators
NORWALK, Conn. --(Business Wire)-- Splinternet Holdings, Inc. (OTCBB: SLNH), announced today that it has begun offering a competitive lower cost international calling service for mobile virtual network operators (MVNOs).
The Splinternet system has been integrated into the core wireless network and billing systems used by MVNOs and enables their customers to make lower cost international calls than is available through traditional cellular network services. Splinternet's services create new revenue opportunities for these MVNOs and provide higher margins on international calling than traditional services offered. Splinternet's service makes international calling convenient and inexpensive for all subscribers of the MVNO, especially prepaid subscribers and expatriates.
James Ackerly, Splinternet President, commented, "We are pleased with the initial response to our international service for MVNOs, which began generating revenue in the second quarter ended June 30. We expect this to continue to be a growth area for Splinternet, and believe that as we continue to expand our menu of innovative offerings, Splinternet will continue to grow into a full-service internet-driven telecommunications company. We are excited to be working closely with these wireless providers to expand our target market for Splinternet wholesale services. With more than 50 operational MVNOs in the US alone, and more than 360 planned or operational MVNOs worldwide, we believe this is a growing market that Splinternet is well-positioned to serve."
About Splinternet Holdings, Inc.
Splinternet Holdings (www.splinternetholdings.com) is a holding company whose wholly-owned subsidiary, Splinternet Communications, is a developer of products, services, and marketing strategies centered around opportunities in Internet Telephony. Splinternet Communications' approach, via its Phon3.com division, is to develop products and services that will capitalize on the shift in telecommunications technologies from traditional telephony to Digital Phone Services including Voice over Internet Protocol (VOIP) by creating a diversified suite of offerings which have a broad range of functionality and will, in the aggregate, meet the needs of the largest possible addressable market. Centered on a core technology, current offerings include a GoogleTalk-to-PSTN service, VOIP services, Wholesale Carrier service, XStorage online data storage services, and a Mac-based PBX. Splinternet is committed to being the highest quality competitively priced services, and to use partnership marketing whenever possible, allowing the company to quickly take advantage of market and regulatory shifts internationally. Splinternet Holdings is actively seeking investment opportunities in companies which would benefit from using Digital Phone Services and VOIP to lower their cost of providing services to existing communications customers.
SEC Filings and Forward-Looking Statements
Certain statements made in this release are forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business of Splinternet Holdings, Inc. and the industries and markets in which Splinternet Holdings, Inc. operates. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements. Factors which may affect the forward looking statement identified above and Splinternet Holdings, Inc.'s business, financial condition and operating results generally include the effects of adverse changes in the economy, reductions in consumer spending, declines in the financial markets and the industries in which Splinternet Holdings, Inc. and its partners operate, adverse changes affecting the Internet and Voice-Over-IP (VOIP) telephony, the ability of Splinternet Holdings, Inc. to develop and maintain relationships with strategic partners and suppliers and the timing of its establishment or extension of its relationships with strategic partners, the ability of Splinternet Holdings, Inc. to timely and successfully develop, maintain and protect its technology and product and service offerings and execute operationally, the ability of Splinternet Holdings, Inc. to attract and retain qualified personnel, the ability of Splinternet Holdings, Inc. to successfully integrate its acquisitions of other businesses, if any, and the performance of acquired businesses. Splinternet Holdings, Inc. expressly disclaims any intent or obligation to update these forward-looking statements, except as otherwise specifically stated by Splinternet Holdings, Inc.
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