SOURCE: Nettel Holdings, Inc.

May 27, 2005 11:17 ET

Nettel Holdings Reports on Goals Reached for the First Quarter 2005

PORTLAND, OR -- (MARKET WIRE) -- May 27, 2005 -- Nettel Holdings, Inc. (OTC BB: NTTL), Berlin and Frankfurt Stock Exchanges (NT7, WKN 727487) reports on goals reached for the first quarter 2005.

Here are some key milestones that we have achieved since the beginning of this year:

    
--  Revenue sources shifted in the 1st quarter 2005 from Nettel Trading to
    Telecommunication.
--  Concentration of manpower and financial resources helped to complete
    development, as we implemented AVOP and VoipEscrow into the market place.
--  This objective was completed in the second week of March, the last
    month of this quarter.
--  Entec Software is working out plans with our customers to introduce
    new products into their current retail outlets.  The combined total is
    about 1.2 million software copies per quarter. We are now working out the
    logistics and payment terms to be agreed upon.
--  Phonezoo and IPtalks started utilizing the international POP that it
    had installed since 2004.  We have been in negotiation with several telecom
    companies who will market our prepaid calling cards in their countries.
    Those orders represent approximately one million cards per quarter.  We are
    seeing revenue from this division during the second quarter already.
--  VoipEscrow is proving to be a very needed and helpful service for the
    telecom industry.  We are negotiating with several key companies as to
    joint ventures and partnerships.
--  Since launching AVOP, daily users continue to acknowledge what a
    valuable resource it is for telecom companies.  Revenue received from
    current active customers during the second quarter has been averaging $6K a
    day per client.   Our unique blend of tradition and technology
    distinguishes us from any of the other exchanges out there.
--  We have spent a considerable amount of time and resources on
    enhancing, developing, updating, and supporting our network and its
    proprietary applications.
--  The additional revenue will give us the opportunity to increase our
    rate growth, widen our profit margins, and expand the other divisions where
    they can be equally successful.
    
    
Now we have reached enough momentum and energy to provide our clients good results and will continue building a fine reputation, for this much appreciated service.

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