Spantel Traffic Increases in Excess of 30%
02 March 2004 - 8:03AM
PR Newswire (US)
Spantel Traffic Increases in Excess of 30% FUENGIROLA, Spain, March
1 /PRNewswire-FirstCall/ -- Spantel Communications, Inc. (BULLETIN
BOARD: SPAL) announced today that traffic for January 2004 was
approximately 12,000,000 minutes versus 9,000,000minutes in
December 2003, an increase of over 30%. Traffic was also up
significantly over the January 2003 billing cycle increasing over
14%. The increases are primarily the result of the additional
traffic routed through Spantel's network from two of the three
agreements the company made earlier this year with Globatel and Sky
Link. The third agreement with ITC commenced in February and is
also expected to add substantially to traffic, revenues and gross
profits. According to Spantel's PresidentJose Ramon Basterra, "Our
strategy for growth in aggressively pursuing acquisitions and
agreements to route traffic of alternative carriers throughout
Spain is already being reflected in these preliminary numbers. We
have established ourselves as a primary carrier within Spain and
now have the ability to provide minutes to other carriers on a
wholesale basis at competitive prices." He went on to say, "These
new agreements, along with future acquisitions, will provide us
with a stronger revenue base, as well as gross profits that are
comparable to those achieved from our own customer base. We are
currently in different stages of discussions with other carriers
and are optimistic about the prospects of our negotiations."
Spantel Communications isa provider of telecommunications services
throughout Spain. The company expects to file its 10-KSB for fiscal
2003 ending in December on time. Except for historical information
contained herein, the statements in this release are
forward-looking and made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties, which may cause the Company's actual results in
future periods to differ materially from forecasted results. Those
risks include, among other things, the competitive environment in
the telecommunications industry in general and in the Company's
specific market areas, inflation, changes in costs of goods and
services and economic conditions in general. Those and other risks
are more fully described in the Company's filings with the
Securities and Exchange Commission. Contact: Mr. Robert Carlin
+1.804.967.9665 & +34.607.51.49.06 This release was issued
through eReleases(TM). For more information, visit
http://www.ereleases.com/. DATASOURCE: Spantel Communications, Inc.
CONTACT: Robert Carlin of Spantel Communications, +1-804-967-9665
or +34.607.51.49.06
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