SOURCE: NaeroDynamics, Inc.

April 21, 2010 18:05 ET

NaeroDynamics, Inc. - IE Telco Solutions, Ltd. Provides Further Detail on Its Business and Its Signed Contracts

CHICAGO, IL--(Marketwire - April 21, 2010) -  NaeroDynamics, Inc. (PINKSHEETS: NDYN), and its wholly owned subsidiary IE Telco Solutions, Ltd. (IETS), would like to provide its shareholders and potential investors with additional information regarding its business and its signed contracts.

IETS continues to make solid progress on winning significant Telecom Expense Management (TEM) contracts. IETS is in final negotiations on terms and conditions and expects it should be able to announce two additional contractual agreements for providing cleansing and optimization services in the very near future. One contract would be with a large CLEC in the United States and the other would be through a channel partner to provide services to a Pan-European telecom operator.

IETS currently has two signed contracts with 2 of the top 10 CLEC's in the United States. The contract with TelePacific Corporation is in full production while the other contract is awaiting data delivery from the client. IETS is progressing in line with the project plans for delivery on the contract and would begin receiving revenue consistent with our managed service contract.

The total spend by corporations on Telecommunications services in 2006 was US $148 Billion per annum (source Gartner Insight). Of this, North America and Western Europe account for around 70% of the total based on market share statistics for similar markets (e.g. IT spend). This gives a target market of US $103 Billion annually. Our target market, namely the top 20% of companies that account for 80% of the expenditure, is worth about US $80 Billion per annum. 

"IETS is quickly becoming a significant player in the TEM industry. The proof of this is that we continue to win business because of our ability to quickly find savings in the TEM arena. This is a real testament to our proprietary ECM software and our highly dedicated and skilled management team," says Lee Wiskowski Co-CEO of NaeroDynamics.

Doug Stukel, Chairman and Co-CEO of NaeroDynamics also states, "The sheer size of the annualized telecom spend by these companies and the amount of savings we are capable of finding, make the IETS revenue model extremely lucrative for us and our customers."

About Us:

IE Telco Solutions Ltd (IETS), a wholly owned subsidiary of NaeroDynamics, Inc., specializes in managing and reducing telecoms circuit costs for Telcos and large enterprise. The Company offers a powerful combination of highly skilled and experienced telecoms professionals combined with a unique software application Enterprise Circuit Manager (ECM). ECM ensures full circuit lifecycle inventory control, significant data quality improvements, supplier invoice reconciliation, network optimization, and proven cost reduction.

Forward-Looking Statements:

Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the company's inability to accurately forecast its operating results; the company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the company's business. For further information on factors which could impact the company and the statements contained herein, reference should be made to the company's filings with the Securities and Exchange Commission, including annual reports on Form 10-KSB, quarterly reports on Form 10-QSB and current reports on Form 8-K. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Contact Information

  • Contact:
    NaeroDynamics, Inc.
    Lee Wiskowski
    630 874 0862