SOURCE: VelaTel Global Communications, Inc.

VelaTel Global Communications, Inc.

September 14, 2011 08:30 ET

VelaTel Global Communications Opens Five GO MOVIL Stores in Peru

Markets 4G-Enabled Wireless Products to Over 2.5 Million Residents

SAN DIEGO, CA--(Marketwire - Sep 14, 2011) - VelaTel Global Communications, Inc. (OTCQB: VELA) (PINKSHEETS: VELA) (previously ChinaTel Group), a holding company for Wi-MAX and LTE (4G) network operators and wireless products and services, announced today that its subsidiary Perusat has launched five GO MOVIL branded stores in the Peruvian cities of Chiclayo, Chimbote, Ica, Piura and Trujillo. Combined, these cities populate over 2.5 million residents. For the first time, VelaTel is bringing 4G-enabled wireless devices, Internet telephony and other state-of-the-art wireless telecommunication products and services to this area of the world.

"The opening of our first five storefronts is a monumental milestone in bringing 4G-enabled wireless products and services to many largely under-served markets in Peru," said CEO of VelaTel, George Alvarez. As previously announced, the GO MOVIL product line includes: the Infinity G™ touch screen tablet in 7" or 10" form, a USB dongle, and a pocket Mi-Fi device that acts as a portable 'hotspot' to connect smart phones and other existing mobile devices (PDAs, laptops, tablets) to the GO MOVIL 4G network.

"Our newly opened stores can begin capturing subscriber revenue from sales of our prepaid service plans as well as fill orders for our various product lines. We plan to open a total of eight stores in Peru by year's end, which can create a solid foundation for future revenue growth," added Alvarez.

For more information on GO MOVIL, please visit www.velatel.com and select "Projects + Brands," and then "GO MOVIL." VelaTel's Peru network, www.gomovil.com.pe, can also be found under the tab "Dispositivos" (which is Spanish for "Devices").

About VelaTel Global Communications, Inc.
VelaTel Global Communications, Inc. ("VelaTel") acquires spectrum assets through acquisition or joint ventures. VelaTel provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. VelaTel currently focuses on emerging markets where Internet penetration rate is low relative to the capacity of incumbent operators that provide comparable cutting-edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. VelaTel currently has project operations in People's Republic of China and Peru. Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. VelaTel's administrative headquarters are in San Diego, California. To learn more about VelaTel, visit www.velatel.com.

This press release contains forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

Contact Information

  • CONTACT:
    VelaTel Global Communications, Inc.
    Tim Matula
    Investor Relations
    1-877-260-9170 (Toll Free)
    Email Contact