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ATCT Finalizes Merger with 7123000.com and Anticipates First Year Revenues to Exceed $6 Million and MCI Shareholders OK Acquisition by Verizon

Telecommunications industry news provided by Financial News USA (OTC: FNWU) Affordable Telecommunications Technology Corp. (OTC: ATCT) announced recently that the Merger Agreement between ATCT and its Asian subsidiary 7123000.com (www.7123000.com), encompassing all assets and properties of 7123000.com and Khewl Solutions (a Manila based IT firm), is now complete.

AT&T (NYSE: T) today announced that it has been recognized by Business Intelligence Perspectives -- an event owned by IDG's Computerworld -- as a recipient of the "Best Practices in Business Intelligence" awards program. AT&T received the award for Aurora, which is the technology that's used to assure and enhance the security and reliability of the entire AT&T network. MCI Inc. (Nasdaq: MCIP) shareholders voted overwhelmingly Thursday to approve an $8.4 billion acquisition by Verizon Communications Inc. (NYSE: VZ), despite some lingering shareholder resentment over the company's rejection of a higher bid. At a meeting at the company's headquarters, stockholders voted 210 million shares in favor of the acquisition, with 28 million shares opposed. The votes in favor represent 64 percent of all 326 million outstanding shares and 88 percent of all votes cast. A majority of all outstanding shares were needed to approve the merger.

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