SOURCE: Nettel Holdings

June 16, 2010 13:42 ET

Nettel Holdings, Inc. Announces Agreement With Napson Group

VANCOUVER, WA--(Marketwire - June 16, 2010) -  Nettel Holdings, Inc., (PINKSHEETS: NTTL) announced today that it has signed an agreement with Napson Group for the purpose of distributing and selling scrap steel.

Michael Nguyen, President of NTTL indicated that: "Under our arrangement with Napson, we will be purchasing their entire supply of scrap steel and distributing the steel through our distribution outlets." Nettel Holdings is excited to finally execute this agreement and anticipates revenue generation by the third quarter of this year.

Forward-Looking Statement: The statements in this press release regarding any implied or perceived benefits from the recently executed contract with Napson Group, and any other effects resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, our ability to create financing, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage and continue growth.

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. 

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