November 30, 2006 08:45 ET

INNOTELCO to Attend International Business Summit to Support Business Expansion Plans

TORONTO -- (MARKET WIRE) -- November 30, 2006 -- INNOTELCO, Inc. (PINKSHEETS: ILCO) today announced that it has received an invitation to attend the 2nd Official Sudan Development Summit. The Summit is attended by hundreds of multinational companies and business leaders looking to do business in this part of the world. The flow of foreign direct investment into Sudan has risen sharply as oil sector development has continued and the government has moved forward with its privatization programs to support continued economic development.

The first Sudan Development Summit in Dubai helped to transact over $450 million in business in a 3 day period. Top level members of local governments coupled with businesses such as Innotelco will meet at this upcoming summit to discuss contracts, projects and investment opportunities.

"We are extremely excited that organizations are beginning to seek our participation in summits such as the SDP," commented Radomir Popovic, Vice President of Sales and Marketing for INNOTLECO. "We believe that businesses are beginning to recognize our strategic advantage that allows us to bridge the gap between China and the emerging countries."


INNOTELCO is a telecom hardware supplier, specializing in servicing emerging markets looking to expand their telecommunications networks. INNOTELCO's products range from indoor and outdoor coaxial cables and accessories to fibre optics and switching equipment.

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This press release contains forward-looking statements as defined in the Securities Litigation Improvements Act of 1996. The words "believe," "expect," "estimate," "project" and similar expressions define forward-looking statements, which speak only as of the date the statement was made. INNOTELCO, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are currently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated in, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the Company's ability to meet its projected growth, the effects of government regulation, competition and other material risks.

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