SOURCE: Nettel Holdings

August 19, 2005 16:53 ET

Nettel Holdings Reports Outstanding Steady Increases in All Sales Divisions

PORTLAND, OR -- (MARKET WIRE) -- August 19, 2005 -- Nettel Holdings, Inc. (OTC BB: NTTL), Berlin and Frankfurt Stock Exchanges (NT7, WKN 727487) Reports Outstanding Steady Increases in all Sales Divisions.

Revenue and earnings continue to increase to record levels. First quarter revenue was $300,000, second quarter revenue expanded to $531,000. In July an additional $1.5 million dollars was generated.

In addition, so far for the month of August, Nettel has generated over $1.5 million thru August 15th, and is now averaging more than $100,000 per day in revenue. This exceeds our projections that we made in July that we would reach $100,000 by August 31st. Profit margins have also been higher than anticipated, averaging 10 - 12%.

Nettel has achieved tremendous growth for the past 5 months and we expect to see similar gains from now on. We will also be ramping up some of our other divisions by the end of the 4th quarter which will add substantial revenue and earnings to Nettel's bottom line.

Steady clients and their existing customer base have enabled us to tackle and fill ongoing orders smoothly and with the top priority they deserve to be shown.

Judging by the overwhelming positive responses and new customer referrals we've been daily receiving, we are continually expanding, upgrading or devising new ways to keep up with our commitments. There's no slowing down, so we just have to meet these challenges in positive ways that bring results to our clients as quickly as possible. Nettel won't rush something through by skimping on quality, however, and we feel that everyone is quite satisfied knowing our efforts in all areas bring the required balance.

Expanding our desire to supply VoIP telecommunication for everyone's sake is our fondest wish, and we sure appreciate the help given by our loyal stockholders -- who are the backbone of our various business endeavors.

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