NEWS...and yet another contract. It appears management IS serious about making something big of this company, one customer at a time:
Innotelco Announces Bomex Trading in Discussions With Farel for Contract Valued at $165,000
Thursday July 28, 8:30 am ET
TORONTO, July 28, 2005 (PRIMEZONE) -- Innotelco Inc. (Pink Sheets:ILCO), a marketer and distributor of telecom hardware and network solutions, announced today that it has entered into discussions with Bomex Trading to provide cable products valued at $165,000.
Bomex Trading has been in business since 1989. Innotelco, through its agency and distribution agreement with Farel, is in negotiations to provide Bomex with cable hardware product. The potential value of this agreement could exceed the initial order placement.
``There exists the potential for Bomex Trading to increase the estimated value of the initial order with further contracts over the next 6-month period,'' said Radomir Popovic, Vice President, Sales and Marketing.
Mr. Popovic continued, ``I will be meeting with several potential clients on my upcoming trip to Europe and am planning to meet with Bomex Trading to discuss projections for further orders.''
About Farel
Farel, established in 1990, covers the market for over 20 million people in the southeastern region of Europe. Farel is a distribution agent for six major worldwide corporations: four from Austria, one from Germany and one from the United States. The President of Farel, Vasil Atansov, has 20 years' experience in marketing and distribution. Farel maintains offices in Skopje, Macedonia, Serbia and Montenegro, Bulgaria, Albania and Greece.
About Innotelco, Inc.
Innotelco is a telecom hardware supplier, specializing in servicing emerging markets looking to expand their telecommunications networks. Innotelco's products range from indoor and outdoor coaxial cables and accessories to fibre optics and switching equipment.
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