TMCnet News
Telatinos Inc Acquires NETCO LtdMIAMI --(Business Wire)-- Dec. 14, 2004 -- Telatinos Inc. (OTC:TLTA), a Latin American VoIP service provider, today announced that the Company has acquired NETCO Ltd in an all cash transaction. The terms of the transaction are undisclosed. NETCO is one of the largest broadband ISP's in Bogota, Colombia. "NETCO will be the staging point for the Company's proprietary communication technology, XRF link(R)," stated Jon Miller Telatinos's President. "Our method of bundling high speed Internet access, voice, HDTV, and other data transmission at speeds 300 times faster than T-1 technology is a first for the Colombian market." NETCO serves approximately 250,000 subscribers with broadband internet access. About Telatinos Inc. Telatinos is a Latin American based telecom equipment and facilities provider offering full-featured, cost-effective, high-quality local, long distance and international telephone services -- including 911 and E911 -- to both businesses and private residences in Latin America. The Company's products include modular, open and highly focused access and core VoIP network products, supporting a wide variety of VoIP-based applications, including voice access, network peering and control, Class-5 long distance, prepaid calling card, rural telephony and hosted enterprise VoIP applications. Learn more about our Company at www.telatinos.com. Forward Looking Statement This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including: business and economic conditions and growth trends in the VOIP industry and Latin America; in the geopolitical environment; overall information technology spending; the growth of the Internet; levels of capital spending on Internet-based systems and other risk factors. Telatinos results of operations are not necessarily indicative of Telatinos operating results for any future periods. |
