SOURCE: Nettel Holdings

January 24, 2008 09:23 ET

Nettel Holdings Reports on Tougi Wholesale Division

Receives Re-Orders for Automotive Parts and Accessories

VANCOUVER, WA--(Marketwire - January 24, 2008) - Nettel Holdings, Inc. (OTCBB: NTTL) division Tougi receives its first significant re-order totaling about $700,000.

This is a significant step forward for Tougi as we have recently experienced a great demand and EXTRAORDINARY cooperation and approval from the buyers. These buyers have resolved the letter of credit issues which have delayed the steel, plastics, and card cardboard orders the past few months. Now they can go forward on a regular schedule.

This initial shipment for the automotive parts and accessories will start on the first week of February. This order will be recurring bi-monthly.

The recycled steel order we have received will average over 25 thousand tons per month. Now that the payment issues with the buyers are now resolved, we are working with the suppliers on completing the final details. We will have more information on the shipping dates of these orders by next week.

Contact Information

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