SOURCE: PhoneBrasil International Inc

July 11, 2012 14:15 ET

PhoneBrasil International Inc. Returns to Brazil

MIAMI, FL--(Marketwire - Jul 11, 2012) - The Phone Brasil Group, doing business as PhoneBrasil International Inc. (PINKSHEETS: PHBR), announced today that it's retuning to Brazil as a fully licensed and operational telecommunications company servicing nationwide the domestic consumer and enterprise markets in Brazil.

Anderson Dias, CEO of Phone Brasil, assured the Company's shareholders that the lack of communications in the last few years will not occur in the future. Mr. Anderson went on to state that the Board of Directors of the Company has adopted a policy, which ensures total transparency in the future.

Mr. Anderson went on assuring that the company has been hard at work securing the proper licenses and government permission to enter the telecommunications market in Brazil, a goal now accomplished with its national licenses allowing PhoneBrasil Inc. to sell wireless broadband Internet access and phone services as well as the more traditional fixed line broadband and phone services geared to both consumers and business entities in Brazil.

The Company also announced that it plans to be operational and servicing clients via a WiMAX nationwide network beginning January 1, 2013. Mr. Dias also stated that its sales teams have begun the task of securing its network of agents and distributors nationwide to help market its products. The main product will be marketed under the Connect 3S brand.

PhoneBrasil International expects to secure several of the opportunities that are presented as the country gets ready for the Soccer World Cup in 2014 and the Summer Olympics in 2016. Mr. Dias stated: "We are pleased with our progress and exited to begin pleasing our customers in January 2013."

About PhoneBrasil Group:

Through its subsidiary PhoneBrasil International Inc., PhoneBrasil Group is a telecommunications provider offering fixed and wireless telephone and broadband services to consumers and enterprise entities nationwide in Brazil. The company has is global headquarters in Miami, Florida with its Brazilian offices in Curitiba, Parana, Brazil. For further information please visit www.phonebrasil.com.

This document includes forward-looking statements. All statements regarding PhoneBrasil International including without limitation, future financial position, results of operations, financing plans, products and services, competitive positions, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. Such forward-looking statements are inherently uncertain, and readers must recognize that actual results may differ materially from expectations or projections. PhoneBrasil International Inc. does not undertake any duty to update such forward-looking statements. Factors that may cause actual results to differ materially from those in the forward-looking statements include the ability to fund operations, actions of competitors, consumer acceptance of existing and new product offerings, and changes in general economic conditions as well as conducting business in foreign jurisdictions and risks inherent with currency exchange rates.

Contact Information

  • CONTACT:
    PhoneBrasil International Inc - Miami, FL
    (646) 300-9441
    Anderson A. Dias
    CEO and Chairman
    Email: Email Contact