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September 28, 2005 09:03 AM US Eastern Timezone
Interlink Global Announces Execution and Implementation of Four Additional Wholesale VOIP Cont28 September 2005
Interlink Global Corp., (OTC:ILKG), "Interlink" today announced that the Company has signed four additional contracts to provide communication services to customers serving the telecom markets in India, Pakistan and Sri Lanka. These contracts have been executed with Al E Gal, PBI, Blue Star and North Gate BPO, and constitute over 2,500,000 minutes of traffic per month that is now being serviced by the Interlink infrastructure. The execution and implementation of these contracts by Interlink's wholly owned subsidiary, Interlink Global Communications Inc., is evidence of the success of Interlink in establishing a substantial presence in the Asian market in conjunction with the Company's growing penetration of the Latin American market, which has been the traditional foundation of Interlink's international business strategy.
Mr. Siba Padhi, operating officer of Interlink Global Communications in describing the additional contracts stated: "Since I joined the Company in August, 2005, we have accomplished several of our immediate goals for the wholesale subsidiary, which included upgrading our infrastructure in New York, where we will soon be capable of handling over 70 million minutes of VOIP traffic per month, adding significant engineering talent to our staff, and establishing a substantial presence in the Asian market, as Interlink continues to diversify beyond its traditional Latin American base. In the months ahead we will continue to increase our wholesale traffic in Asia, as well as Latin America, and expect to penetrate Europe and the Middle East within the near future. This substantial increase in traffic can now be handled through our present infrastructure, without substantial additional capital improvements. From the increases in traffic expected from our existing contracts we have with our customers and contracts currently in the final stages of negotiations, we anticipate that our revenues will increase to over $400,000 per month in October, with the ultimate objective of producing $1,000,000 a month of revenues from our wholesale subsidiary by the end of this year."
Anastasios Kyriakides, CEO and Chairman of the Board of Interlink stated: "We are pleased with the continuing progress of our wholesale subsidiary, and the addition and integration of Siba and his engineering staff to our overall operations. Both of our subsidiaries continue to perform beyond our expectations, and we believe that we are on course to achieve our goal of being a significant force in the international business marketplace for VOIP products and services. Now that our infrastructure improvements are completed and we have hired additional support staff, we have the capacity and the personnel that we need to service our existing customers with their expanding needs, while we finish negotiations of several significant wholesale, retail and special situation VOIP contracts that we will be announcing in the near future."
About Interlink Global
Interlink Global (OTC:ILKG), founded in 2002, provides telecommunication solutions around the world. As a leader in hosted VoIP telephony services, Interlink Global is currently doing business in North America and South America, and soon in the Middle East. Interlink Global provides SIP-based broadband telephony solutions, WiFi, WiMax, Marine Satellite Services, calling cards, and other enterprise services internationally. Interlink Global, using VoIP technology, provides long distance telephone services, with full features, at prices that are greatly reduced in comparison with traditional telephone companies. For more information about Interlink Global's products and services, please visit http://www.interlink-global.com/.
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes", "looking ahead", "anticipates", "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Source: http://home.businesswire.com/
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