January 05, 2007 08:30 ET

INNOTELCO to Complete Historic Commodity Shipment

TORONTO -- (MARKET WIRE) -- January 5, 2007 -- INNOTELCO, Inc. (PINKSHEETS: ILCO) today announced that the shipment of its first large-scale commodity transaction is close to completion. The seller has been identified as Graintec, a large international force in the commodities world. The shipment of approximately 8,000 metric tons of feed barley is expected to leave an Eastern Europe port in the Black Sea and arrive in North Africa in about 3 weeks. Upon completion of the shipment, INNOTELCO will receive a fee for its role in arranging the transaction. Terms are not being disclosed for competitive reasons at this time.

The company continues to diversify itself by reducing its concentration on transactions within the telecommunications sector to a company that is fast becoming a facilitator of large-scale commodities transactions. These commodities include barley, sugar and oil, in addition to commodity-type hardware such as telecommunications products. The company is currently engaged in creating a turnkey solution, which will result in a business platform for commodities transactions. The initial routes have been identified as South America to North Africa and China to Eastern Europe to North Africa.

"This is an exciting time in the history of our company," stated Radomir Popovic, Vice President of Sales and Marketing for INNOTELCO. "We are in the final stages of completing a number of transactions that will transform of our company from a concept company to a fully operating company with substantial financials to support our enthusiasm."


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

INNOTELCO is also engaged in the construction of a worldwide business network that will result in the seamless facilitation of larger scale commodities transactions. This network will span the globe 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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