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PLC Network Solutions Gains Access to South Asian Market Through Dancom Pakistan (Pvt.) Ltd.23 November 2005
Trimax Corporation, (OTC BB: TMXO) through its wholly owned subsidiary, PLC Network Solutions Inc. ("PLC"), announced that it has secured a LOI with a leading ISP and IT solutions provider in South Asia, Dancom Pakistan (Pvt.) Ltd, with offices across Pakistan and Malaysia. Dancom has many synergies with PLC's business and will install the next-generation 205mbps Broadband over Powerline (BPL) devices for new subscribers as well as upgrade existing customers. PLC Network Solutions views the Dancom partnership as a key relationship assisting it in gaining access to the Pacific Rim markets. Dancom is recognized as one of South Asia's fastest growing telecom service providers.
Internet penetration has grown in Pakistan to approximately 3% of its 160 million population. General Pervez Musharraf and Prime Minister Aziz have pursued an aggressive IT policy, aimed at boosting Pakistan's drive to set up a new economy and create an exportable technology industry. In order to create competition and lower tariffs, the telecom sector has been deregulated. Prime Minister Aziz holds many Fortune 500 relationships through his past job as the No. 3 in-charge at Citibank. Many U.S. firms such as Amazon and Wal-Mart are bypassing India to take advantage of lower costs by setting up in Pakistan. Firms are realizing they can save 30% for IT work with access to a substantial pool of English speaking computer science grads. IT products and services that are exported are not taxed which compares well to India's 36% tax on all foreign owned IT operations.
Derek Pepler, President of PLC Network Solutions, said: "Leveraging our first-to-market advantages, PLC Network Solutions has been able to attract a lot of interest from leading local and national service providers across Asia. We are very excited with our partnership with Dancom. Dancom's state-of-the-art telecom systems and expertise in providing turnkey telecommunication and IT solutions through their 800 employee -- 62 office coverage of Pakistan, was a made-to-measure match."
"Our goal is to provide state-of-the-art turn-key solutions to customers and our partnership with PLC provides the most cost-effective and complimentary solution for delivering high-speed symmetrical broadband for data, voice and video transmission on the same platform," stated Mr. Luqman Kamil, CEO of Dancom Pakistan (Pvt.) Ltd. "Broadband over Powerlines is a technology that saves infrastructure costs and delivers the speed, scalability and services that our customers require."
About PLC Network Solutions Inc.
PLC Network Solutions Inc. specializes in Broadband over Power line (BPL) technologies. BPL is a disruptive communications technology that turns the existing ubiquitous power line infrastructure and common electrical wiring in commercial and residential buildings into a high-bandwidth network. This technology has been successfully deployed in over 25 countries around the globe, in homes, apartments, office towers, schools, hotels, hospitals, museums and Government buildings. PLC Network Solutions offers a range of broadband over power-line solutions, which includes offering secure 128kb high-speed Internet access, VoIP services and soon to be offered IPTV technology. The company believes that BPL will be the next widely accepted technology. PLC Network Solutions anticipates that the company and its devices will be at the forefront of this new technology revolution, which will include expanding its reach throughout the world.
For More Information Please Visit (http://www.plcnetsolutions.com/)
Dancom Pakistan (Pvt) Ltd was established in 1995 under the Company's Ordinance 1984. Our major shareholder Dancom Telecommunication (M) Sdn Bhd Malaysia provides total Telecom & IT solutions for Malaysian market and rest of the world as well. The group specializes in Smart technology-based products application, cellular deployments, IT related projects, Digital TV, Broadband wireless and turnkey solutions related to telecommunication projects. The Company's core strength lies in its state-of-the-art telecom systems deployment, dedicated expertise to manage and operate the core network, an effective after sales support network of over 62 offices all over Pakistan with over 800 personnel. Dancom established the telecom services with a mission to provide easy and manageable access to workforce of general consumers. Dancom's Pakistan head office is located at Islamabad with its network of regional and area offices in all major cities of Pakistan. The corporate Headquarters is based in Petaling Jaya, Kuala-Lumpur, Malaysia.
For More Information about Dancom Please Visit (http://www.dancom.com.pk/)
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filings.
Contact: PLC Network Solutions, Inc. Investor Relations Tel: 1-416-368-4060 Toll Free: 1-877-368-4060 info@plcnetsolutions.com SOURCE: Trimax Corporation
Source: Marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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