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Nettel Holdings Surpasses $3 Million in August Revenues8 September 2005
Nettel Holdings, Inc. (OTC BB: NTTL), Berlin
and Frankfurt Stock Exchanges (NT7, WKN 727487) realizes significant
revenue growth through the first 2 months of the third quarter
The company expects the growth trend to continue for the foreseeable
future. Nettel enters the month of September at a $130,000 a day revenue
rate, and expects to be averaging $200,000 a day in less then 90 days.
As previously stated, Nettel Holdings collected an estimated $1.5 million,
or $48,000/day, in July sales and $1.5 million through the first 15 days of
August. Total August sales are expected to be $3.2 million, or
$103,000/day, with an average 10-12% gross profit margin.
Michael Nguyen, President and CEO of Nettel, commented: "The demand we are
seeing from VoIP wholesalers is remarkable and further validates our
business model as we strive to supply quality routes for our customers.
Over the past few months, we have succeeded in adding additional automatic
back-up systems and additional employees to support this unprecedented
growth. L.G. Zangani is currently preparing investment literature to
better communicate our business model and strategy to current and potential
shareholders."
Safe Harbor Statement
Some statements in this release are "forward-looking statements" as that
term is defined in Sections 27A of the Securities Act of 1933 as amended
(the "Securities Act"), and Section 21E of the Securities Exchange Act of
1934 as amended (the "Exchange Act"), and are subject to certain risks and
uncertainties, including, but not limited to, economic conditions,
competition, changes in laws and the demand for the company's goods and
services, which could significantly affect anticipated future results.
Actual results may differ materially from any forward-looking statements.
About Nettel Holdings, Inc.
Nettel Holdings, Inc. engages in the telecommunication and software
business. The company's Nettel Trading division exports computer
electronics equipment. Its Entec division develops accounting, finance,
project management, inventory system, database management, presentation
tools, email, voice recognition, and word processing software. In addition,
the company offers telecommunications long distance and prepaid calling
card minutes. Nettel Holdings is based in Portland, Oregon.
www.nettelholdings.com
L.G. Zangani, LLC provides financial public relations service to the
Company. As such L.G. Zangani, LLC and/or its officers, agents and
employees, receives remuneration for public relations and or other services
in the form of monies, capital stock in the Company, warrants or options to
purchase capital in the Company. http://www.zangani.com/disclaimer
Contact:
L.G. Zangani LLC
Ian Cassel
Investor Relations
(908) 788-9660
Email Contact
www.zangani.com
SOURCE: ; ;Nettel Holdings Inc.
Source: Marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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