January 16, 2007 08:37 ET

INNOTELCO Discusses Details of Sugar Shipments

TORONTO -- (MARKET WIRE) -- January 16, 2007 -- INNOTELCO, Inc. (PINKSHEETS: ILCO) today announced that the initial shipment of sugar from South America to the Middle East is expected to leave the Port of Sao Paulo at the beginning of February. The transaction for 25,000 metric tons of sugar, which was arranged by INNOTELCO, should total approximately $9,000,000. INNOTELCO is expected to earn at least $200,000 for arranging this transaction. Brazil is already the main sugar supplier to the Middle East and Northern African countries.

If the shipment is delivered successfully, INNOTELCO believes that it can arrange between 5-10 sugar shipments this year. The shipment is expected to arrive in the Middle East in mid-February.

"We are working with some very large players in the commodities business," commented Radomir Popovic, Vice President of Sales and Marketing for INNOTLECO. "We are working on several different orders at this time which can make 2007 an incredibly successful year."

Popovic also added, "I am leaving North America for the Middle East to finalize details of these shipments. This one week business trip will allow INNOTELCO the ability to secure our business interests."


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.

INNOTELCO is also engaged in the construction of a worldwide business network which will result in a seamless facilitation of larger-scale commodities transactions. This network will span the world from Asia into Eastern Europe, North Africa, and reaching as far as Sao Paulo, Brazil.

Safe Harbor Statement

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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