SOURCE: Nettel Holdings

October 30, 2007 09:13 ET

AVOP Reports on Gateways' Progress

VANCOUVER, WA--(Marketwire - October 30, 2007) - Nettel Holdings (OTCBB: NTTL) -- All of the gateways for the initial phase have been installed and in operation in three countries.

The overall results have been positive. Over the past two months, AVOP has been sending a high volume of live calls daily to each of seven of the 13 gateways installed, averaging now over 20,000 minutes per day per gateway. Buyers are very happy with the significant increase in call duration, call completion ratio and voice quality. This is very important because attaining a good quality rating gives us the opportunity to ask for a much higher rate, which gives us a higher profit margin.

"The International and domestic carrier appetite for wholesale minutes is growing fast, and we are responding to that need quickly," said Michael Nguyen, Nettel Holdings CEO. "Deploying our own gateways and being in control of our network will ensure our ability to meet the high demand. We will continue deploying additional gateways as fast as we can to meet the demand from our buyers."

Making this significant strategic investment and upgrade will allow us to continue offering our customers the best rates and quality now and in the future.

We are currently in negotiations with current and new carrier partners to install additional gateways as well as working out financial arrangements to expedite installation and operation.

Contact Information

  • Contact:
    Investor Relations
    503-336-5098