SOURCE: Nettel Holdings

March 05, 2008 09:40 ET

AVOP Makes Progress on Three Major Revenue Sources

VANCOUVER, WA--(Marketwire - March 5, 2008) - Nettel Holdings, Inc. (OTCBB: NTTL) AVOP Division Makes Progress on Three Major Revenue Sources

AVOP has made significant progress with the three major revenue sources that were delayed last fall. These delays consisted mostly of cash flow bottle-necks. It is very difficult to make quantum jumps in volume with major carriers around the world, all at the same time.

Management is pleased to announce that these bottle-necks have been resolved and approximately 20 new buyers and suppliers have started to send funds and transact business. These new buyers have stated that they intend to purchase, in aggregate over $300,000 per day in minutes through AVOP.

This includes all 3 revenue sources for AVOP;

      1- The gateways installed in foreign countries
      2- The large block transaction with the new suppliers
      3- The existing buyers and suppliers who have been trying to increase
         volume, buying and selling minutes

It has been a tough project that took much longer than expected to put together. Now that these obstacles are resolved we expect steady growth from now on.

Contact Information

  • Contact:
    Investor Relations
    503-336-5098