PORTLAND, OR -- (MARKET WIRE) -- 06/22/05 -- Nettel Holdings, Inc. (OTC BB: NTTL), Berlin
and Frankfurt Stock Exchanges (NT7, WKN 727487) subsidiary PhoneZoo
delivers its first batch of 20,000 prepaid calling card PINs to
distributors in Australia.
Each PIN is created in $10 AUD (Australian Dollars) increments. Utilizing
individual PINs and a local access number provided by PhoneZoo,
distributors will also be involved in designing and producing the calling
card under their own brand name (upon our approval). Distributors who
choose to do so will be incurring the upfront expense of printing the phone
cards.
The prepaid phone cards will be distributed through a vast network of
retail outlets in Adelaide, Brisbane, Melbourne, Perth, and Sydney --
including convenience stores, newsstands, grocery stores and discount
stores.
During these past three months, eight master distributors have been testing
our service by dialing directly to our server located in Sydney. The
results were quite positive, and everyone said how customers were very
satisfied with the voice quality.
In addition to Australia, we have installed local access servers in over 20
other countries throughout Asia, Europe and Latin America. We are
currently negotiating with distributors in various locations who can
provide our service in their country.
We will continue to take advantage of emerging technologies for the benefit
of our customers. During the past two years, Nettel has readied itself to
fulfill both big and small contracts that will be coming on a regular
basis. Furthermore, Nettel is committed to offering the highest quality to
all clients, regardless of long or short-term needs. Nettel intends to
gain a presence in this global market and make positive changes in a
business that could stand more credibility as it is earned. Clients and
users of our unique and fair calling cards will look to PhoneZoo as a good
example of quality that can be relied upon for each and every transaction.
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.
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