Eagle Ventures International Inc. (fka EGVIQ)

[Phisherman]

This is from March...

Eagle Ventures International Projects 2008 Growth
EAGLE, Idaho, March 13 /PRNewswire-FirstCall/ -- (Pink Sheets: EGVI.PK) Eagle Ventures International, Inc. ('the Company') is a holding company parent to various subsidiaries, including TelExtreme International, Inc. During its first full year of operations in 2005, TelExtreme generated approximately $3.4 million in sales. By the end of the year 2006, revenues grew dramatically to approximately $30 million, which generated approximately $2.7 million in EBITDA.

In order to continue this monumental rate of rapid sales growth, in the third and fourth quarters of 2007 the Company focused on migrating services from third party vendors to reduce their operating costs by nearly 60% on a forward-going basis. While these strategic actions are believed to have long-term benefits, the Company currently plans to take a 4th quarter write down that will adversely impact revenue figures for last year's operating performance. Specifically, the Company had previously projected its 2007 sales to be in the $40 million range, however at this time the Company projects 2007 revenues will come in approximately equal to the year 2006, at about $30 million.

The Company expects that its audited financials for the year 2007 will be completed by the end of April 2008. With a recent share price of $0.55, the Company is currently trading at a market capitalization of about $42 million, or less than 1X projected 2008 revenues. For 2008, the Company is projecting revenues of approximately $50 million, with the anticipated growth largely coming from TelExtreme's expansion into the U.S. market and from having implemented through the 4th quarter of 2008 and the 1st quarter of 2008 their plans to increase operating efficiencies. Ramp up for increased marketing and expanding into new markets will begin in earnest in the second quarter of 2008.

Regarding their recent entry into the U.S. Voice over IP market, TelExtreme's President Tim Langston recently commented, 'We are excited about our entry into the U.S. market where, according to independent research, VoIP is expected to expand to upwards of 12% of the U.S. population by 2009. Our marketing model is all about increasing the public's awareness of how our service can benefit every new VoIP user. TelExtreme is poised to take full advantage of the tremendous growth of VoIP customers in the U.S. and other high growth markets abroad in 2008, and beyond. We are pleased to be the current main source of revenue and revenue growth for our parent company Eagle Ventures International.'