SOURCE: Flint Telecom Group, Inc.

Flint Telecom Group, Inc.

June 16, 2010 12:36 ET

Flint Launches New Range of International Calling Cards

New Cards to Address Markets in Northeast United States

OVERLAND PARK, KS--(Marketwire - June 16, 2010) -  Flint Telecom Group, Inc. (http://www.flinttelecomgroup.com/) (OTCBB: FLTT), a fast growing Telecoms Technology and Services Organization, announces that its subsidiary Flint Prepaid Inc. has launched its latest range of international prepaid calling cards in conjunction with its distribution partners.

The 'Yorkers' card will enable users who purchase these cards in New York and surrounding areas to call other countries throughout the world at significant savings by dialing local numbers and then connecting them to the destination using Flint's advanced VoIP network. The cards will be initially distributed through a network of over 1,000 retail outlets in the New York area and will widen to other regions over time.

In its 2010 ICT Market Review and Forecast Report, the Telecommunications Industry Association states that the annual spend in the United States on international calling cards in 2010 is estimated at $1.9 billion representing over 75% all prepaid card spending. The TIA also forecasts that the market will decrease only slightly to $1.6 billion by 2013 despite the increased competition from alternative VoIP and mobile offerings.

Commenting on the announcement, Flint's President Bernie Fried said, "This is the first card launched with our new partners and is based on direct local market experience allowing us to deliver competitive and easily understood rates and real value for our users. We expect this phase to be a resounding success and look forward to achieving our aim of reaching $20 million in profitable annual revenues in this market over the next year. We see these channels as strategic relationships going forward as we roll out new higher margin products to capture the market move to mobile and alternative calling products that Flint also provides."

About Flint Telecom Group, Inc.
Flint Telecom Group, Inc. is a fast growing Telecoms Technology Organization with a portfolio of companies that deliver next-generation IP communications Products and Services. The Company was founded by telecom and technology entrepreneurs with a proven track record in building global technology companies. Flint Telecom has grown both organically and through corporate activity and is traded on the OTC Bulletin Board® (OTCBB) under the ticker FLTT.OB. Additional information may be found at www.flinttelecomgroup.com

This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • Investor Relations Contact:
    Steve Keaveney
    phone: 404-254-6980