NexHorizon Communications, Inc. (NXHZ)

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BROOMFIELD, CO--(MARKET WIRE)--Jan 19, 2007 -- Y-Tel International, Inc. (OTC BB:YTLI.OB - News) announced today its board has changed its name to NexHorizon Communications, Inc. and set an 8.5 to 1 reverse split of its common shares, which was previously approved by shareholders. Additionally, the holders of the Series A, B and C preferred stock will be converted to common and be reversed 4.5 to 1. The effective date will be January 29, 2007.
Said Calvin D. Smiley, Sr., Y-Tel International CEO, "This realigns the Company's capital structure thus providing a solid foundation from which we can build upon. It accomplishes the issues surrounding our funding challenges and positions the Company for execution of its new business model. This is an exciting time for the company and our investors as management will be releasing information in the coming weeks and months regarding the name change, funding and acquisition targets for the company."