SOURCE: US National Telecom

January 08, 2008 08:27 ET

US National Telecom (USNT) Agrees to Purchase VoIP Technology Software Company

DENVER, CO--(Marketwire - January 8, 2008) - US National Telecom (PINKSHEETS: USNT), a rapidly growing VoIP telecom company, has reached an agreement to purchase Packetrino Technologies. The transaction is scheduled to be finalized before January 31, 2008, the same month as USNT's approved 3-for-1 stock split effective for January 18, 2008.

Packetrino is an early stage software development company focused on VoIP and IP switching solutions. The Company has agreed to pay cash, stock and earnings payout of as much $650,000 for a large ownership position and Packetrino will become a subsidiary of USNT.

The Packetrino ( line of products, most commonly referred to as SBCs, or Session Border Controllers, will include CoreAccess and CoreSwitch, providing more advanced features than many other SBCs. Packetrino will introduce the product line, priced from $19,750 to $84,750, January 24, at the IT Expo Show, Miami, FL. By way of reference, already well established companies that provide technology solutions with similar features include Foundry Networks, Acme Packet, Sansay and NexTone, among others.

The proposed acquisition will also provide software and switching solutions to use in-house, and potentially save more than $500,000 in the next two years compared to the Company buying other commercially-available systems.

The Company envisions that its position as a wholesale carrier solutions provider will grow, and that this new subsidiary will allow it to establish itself in the high margin VoIP and IP software switching market.

About US National Telecom (USNT)

US National Telecom (USNT) is a publicly traded technology company, headquartered in Denver, Colorado. The company, formerly known as Yi Wan Group (formerly YIWA), changed its name in 2007 to US National Telecom, Inc., and has been assigned the coveted ticker symbol USNT. The Company focus is on building a large VoIP and Internet services company by expanding to process international voice traffic and acquiring companies in the VoIP services and technology marketplace.

Safe Harbor Statement: This release includes forward-looking statements, made pursuant to the safe harbor provisions of the PSLA of 1995, that involve major risks and uncertainties based on what may be inaccurate assumptions or statements. Financial information is based on revenue and deposits for services, is unaudited and subject to restatement. The Company is not obligated 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