us national telecom will gobble competition
I hadn’t heard of US NationalTelecom (YIWA) until today, but I’ll bet we’ll be hearing about this new player in the VoIP market a lot more. They’ve got a long term goal / strategy of buying successful companies already generating revenue. They’ve decided not to go the start up route and fight for recognition and funding in an ever changing market. Why bother when you can simply snap up companies who would otherwise be your competition?
They’ve already purchased Vitelity, and will absorb the founders into their business.
DENVER, CO, Oct 25, 2007 (MARKET WIRE via COMTEX) — US National Telecom (PINKSHEETS: YIWA), a rapidly growing VoIP telecom carrier, concluded the negotiations yesterday on a previously announced wholesale voice traffic services contract. This high volume contract allows the Company to reduce its per-minute costs by up to 10%. The same day, the Company was notified of a record-breaking 1.2 million share trading day in YIWA shares, which may indicate that investor interest may be increasing as the Company’s profile in the $30 billion VoIP and telco marketspace continues to grow. The Company recently announced a novel 3-for-1 share dividend plan.
US National’s VoIP technology network and its world-class, easy-to-use customer web portal is proving to be very popular with the new breed of VoIP provider. This one-of-a-kind portal allows VoIP providers, from very small to very large, to manage all aspects of their account. In essence it allows the VoIP carrier to essentially “take control” of a very expensive nationwide network and order all services including telephone numbers, toll free numbers, VoIP traffic circuits and telephone number change requests.
By all accounts, the VoIP telecom marketplace is expected to increase and many small companies have already experienced great success — the eStara VoIP services company was recently sold to ATG in 2006, in a transaction valued at $43 million. The Company believes it is in a position to capitalize on opportunities in the VoIP marketplace with its own VoIP business strategy.
About US National Telecom - Yi Wan Group
Headquartered in Denver, Colorado, YIWA is a publicly traded company, symbol YIWA. Information at: www.USnationalTelecom.com The Company focus is on building a large VoIP services conglomerate expanding to process international voice traffic and international calling cards traffic.
Safe Harbor Statement: This release includes forward-looking statements, made pursuant to the safe harbor provisions of the PSLA of 1995, that involve major risks and uncertainties based on what may be inaccurate assumptions. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE: US National Telecom - Yi Wan Group (YIWA)
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