SOURCE: Telco Cuba, Inc.

Telco Cuba, Inc.

February 19, 2016 08:30 ET

Telco Cuba Provides Shareholders Update

Company Pleased to Report Continued Positive Political Momentum Further Strengthens Position

HOLLYWOOD, FL--(Marketwired - Feb 19, 2016) - Telco Cuba, Inc. (OTC PINK: QBAN) Telco Cuba, a publicly traded telecom provider is pleased to announce that it has recently regained "current" status on OTC Markets by filing amended Audited 10K's for the years 2012, 2013, 2014, and 10Q's for 2015 Q1, Q2, and Q3 financials with the Securities Exchange Commission. "Being current affords Telco Cuba the ability to continue to implement its business plan and has created several business opportunities which we believe will increase the company's ability to increase shareholder value. This comes at a time when the loosening of restrictions towards Cuba is accelerating and providing the Company a unique position to capitalize on a large and untapped demand for wireless services now opening up in Cuba," stated William J Sanchez, CEO.

On the political front, the backdrop could not be better for the market we are addressing. The State Department announced on Thursday that President Obama will make a historic trip to the Country of Cuba in mid-March. President Obama announced on Twitter that he will visit Cuba next month "to advance our progress and efforts that can improve the lives of the Cuban people." Obama would be the first sitting U.S. president to visit Cuba since Calvin Coolidge attended the Pan American Conference in Havana in January 1928.

Furthermore, on Tuesday the United States and Cuba officially signed an aviation agreement that paves the way for the first regularly scheduled flights between the countries in nearly five decades. The deal opens up 110 flights to Cuba on U.S. carriers. "What this means for Telco Cuba, is that with 100,000's US travelers heading to Cuba on an annual basis, the demand for wireless services including voice, data and texting, is expected to surge in a country significantly lacking behind in telecom infrastructure. Currently, there are only 35 public WIFI spots in the entire country of Cuba. As further evidence that we are at the right place at the right time, last month the U.S. Federal Communications Commission removed Cuba from its "exclusion list," paving the way for U.S. companies to provide telecommunication services to the Caribbean country without separate approval from the agency," stated Mr. Sanchez.

"This is a very exciting time for Telco Cuba, as the vision we had over 12 months ago is coming to fruition. In addition, management is exploring potential acquisition opportunities in the telecommunications industry and the Company is prepping to rapidly grow its own offerings through the acquisition of a telecommunications company, bolstering Telco Cuba's ability to provide cutting edge services," concluded Mr. Sanchez.

About TelcoCuba, Inc.: Telco Cuba is a cellular service provider that is targeting the Cuban demographic in the United States and intends to offer its services in Cuba when legally able to. The vast majority of Telco Cuba's potential subscribers are Cuban expatriates living in The United States. All of Telco Cuba's calling plans will allow international calls at similar or lower rates than competitive landline rates. Additionally, as an MVNO of Sprint, Telco Cuba will offer direct text messaging and calling to the Country of Cuba. In Addition to its cell phone services, Telco Cuba offers digital home phone service and will be bundling its digital and cell phone service in Q1.

Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Telco Cuba cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. Telco Cuba undertakes no obligation to revise these statements following the date of this news release. Additional details of the Company's business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.

This press release is issued on behalf of the Board of Directors by William J Sanchez, CEO and Chairman of the board.

Disclaimer Regarding Forward Looking Statements
Certain statements in this press release, on Telco Cuba's ("QBAN") website and other oral and written statements made by QBAN from time to time are "forward-looking statements", as that term is defined in Section 27A of the United States Securities and Exchange Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, Forward-looking statements include, without limitation, statements regarding beliefs, objectives, intentions, goals, plans, strategies, financial projections, any other statements regarding the future and any statements that are not purely historical. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and QBAN expressly disclaims any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date thereof. All forward-looking statements, whether written or oral and whether made by or on behalf of the QBAN, are expressly qualified by these cautionary statements. Forward-looking statements involve risks and uncertainties which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. QBAN's expectations, beliefs and projections are expressed in good faith and are believed by QBAN to have a reasonable basis, but there can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished. A variety of factors, many of which are beyond QBAN's control affect QBAN's operations, performance, business strategy and results and could cause the actual results, performance or achievements of QBAN to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For QBAN, particular uncertainties arise, amongst others but not limited to and not in any order of importance, from (i) focusing on and allocating more resources on certain target markets (ii) the possibility to raise further equity and debt to fund future growth, (iii) changes in demand for QBAN's products, (iv) performance issues with key suppliers, affiliates, agents, advisors or subcontractors, (v) changes in government changes in laws or regulations to which QBAN or its suppliers are subject, including environmental laws and regulations relating to water or water sources and (vi) the inability to complete announced acquisitions, difficulty or unanticipated expenses in connection with integrating acquired businesses and the risk that anticipated synergies and opportunities as a result of acquisitions will not be realized or the risk that acquisitions do not perform as planned, including, for example, the risk that acquired businesses will not achieve revenue projections.

THIS NEWS RELEASE HAS BEEN PREPARED BY QBAN's MANAGEMENT, WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO SECURITIES REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

Contact Information

  • Contact Information:
    Telco Cuba, Inc.
    2001 Hollywood Blvd, Suite 202
    Hollywood, FL 33019
    (305)747-7647
    Stock Symbol: QBAN
    All inquiries: ir@telcocuba.com
    Company Website: www.telcocuba.com