SOURCE: Asia Telecom Ltd.

January 08, 2007 09:15 ET

Asia Telecom Announces Joint Venture in Central Asia

NEW YORK, NY -- (MARKET WIRE) -- January 8, 2007 -- Asia Telecom Ltd. (PINKSHEETS: ATLJ) is proud to announce that its operating subsidiary has completed a joint venture with BAK Telecom, the largest telecom company in Azerbaijan that provides calling cards for long distance.

It is estimated that the joint venture should see operating revenues of US $30,000,000 in the first year of operation.

About Asia Telecom Ltd.

Asia Telecom Ltd. intends to become a VoIP telecommunications company with a strategic focus on establishing and maintaining operations in Central Asia and Eastern Europe.

Safe Harbor Statement

The preceding includes forward-looking statements, which involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all 'other risks' associated with business.

Contact Information

  • Contact:
    Asia Telecom Ltd.
    Mike Palmer
    Tel: (646) 415-8549
    Email: Email Contact