SOURCE: Nettel Holdings

March 07, 2005 09:44 ET

Nettel Holdings Releases Ongoing Updates

PORTLAND, OR -- (MARKET WIRE) -- March 7, 2005 -- Nettel Holdings, Inc. subsidiary, VoipEscrow.net (OTC BB: NTTL), Berlin and Frankfurt Stock Exchanges (NT7, WKN 727487), releases ongoing updates.

Entec Software, Inc.

Entec Software has recently received an order from a large manufacturer for 1.2 million software packages to be distributed into retail stores. We have been working with this buyer for the past few months and the decision to go forward was made about three weeks ago. Under the agreement, the software products will be packaged along with existing products. The software will be used as a promotional idea. Their products are distributed in many of the major retail outlets. This will be a repeat order every quarter. Their target date to get the software products into the stores is planned by second quarter 2005. The buyers have recently completed a tour of our Entec Software office in Vietnam. Details of the terms will be released upon final agreements.

VoipEscrow.net

VoipEscrow is in discussions, and will be issuing licenses to several escrow companies and financial institutions in Europe, U.S., and Asia.

As part of the licenses program, VoipEscrow will install a fully functional, customized version of VoipEscrow Server at each location. Some will be under VoipEscrow brand name while others will be under the partner's own brand name. VoipEscrow will receive an initial setup fee and a monthly royalty revenue. The terms and conditions are still under discussion at this time.

Expanding our horizons by strategic partnership is a major component of our VoipEscrow business model. Our private label program expands our reach while providing our partners an opportunity to add high technologies to their list of services. The Private Label solution provides our customers with easy access to this unique business tool.

AVOP

AVOP has signed up over 150 buyers and sellers in the past 30 days. As of this date things have gone well. We had to make several changes and upgrades to our system since then. It is still too early to give any prediction or projections as our new team continues working with clients and the new system.

PhoneZoo & IPTalks

Both Phonezoo and IPTalks divisions are in the process of closing an agreement with a major Australian telecom provider who will start distributing our prepaid calling cards there. Our gateways have been installed there since the 3rd quarter of last year. We are in the last stages of negotiating similar agreements with telecom companies in other countries where we had already placed gateways in anticipation of such interest.

Nettel is very much on track with every direction we're going. Our intent is to guide each area into independence from our management team. We must remain flexible while helping new ventures learn to be on their own when at all possible.

Safe Harbor:

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.

Contact Information

  • Contact:
    Sam Brewer
    Telephone: 503-222-6018