SOURCE: Nettel Holdings

June 22, 2005 09:00 ET

Nettel Holdings Subsidiary PhoneZoo Delivers Its First Batch of 20,000 Prepaid Calling Card PINs to Distributors in Australia

PORTLAND, OR -- (MARKET WIRE) -- June 22, 2005 -- Nettel Holdings, Inc. (OTC BB: NTTL), Berlin and Frankfurt Stock Exchanges (NT7, WKN 727487) subsidiary PhoneZoo delivers its first batch of 20,000 prepaid calling card PINs to distributors in Australia.

Each PIN is created in $10 AUD (Australian Dollars) increments. Utilizing individual PINs and a local access number provided by PhoneZoo, distributors will also be involved in designing and producing the calling card under their own brand name (upon our approval). Distributors who choose to do so will be incurring the upfront expense of printing the phone cards.

The prepaid phone cards will be distributed through a vast network of retail outlets in Adelaide, Brisbane, Melbourne, Perth, and Sydney -- including convenience stores, newsstands, grocery stores and discount stores.

During these past three months, eight master distributors have been testing our service by dialing directly to our server located in Sydney. The results were quite positive, and everyone said how customers were very satisfied with the voice quality.

In addition to Australia, we have installed local access servers in over 20 other countries throughout Asia, Europe and Latin America. We are currently negotiating with distributors in various locations who can provide our service in their country.

We will continue to take advantage of emerging technologies for the benefit of our customers. During the past two years, Nettel has readied itself to fulfill both big and small contracts that will be coming on a regular basis. Furthermore, Nettel is committed to offering the highest quality to all clients, regardless of long or short-term needs. Nettel intends to gain a presence in this global market and make positive changes in a business that could stand more credibility as it is earned. Clients and users of our unique and fair calling cards will look to PhoneZoo as a good example of quality that can be relied upon for each and every transaction.

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