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Thursday, August 16, 2007 12:45:04 PM
***HUGE NEWS FOR A PINK***PhoneBrasil Signs $22 Million Annual Agreement with Tellestar
Thursday August 16, 12:33 pm ET
MIAMI--(BUSINESS WIRE)--PhoneBrasil International, Inc. (Pink Sheets:PHBR - News) announces new contract with Tellestar. The agreement is expected to produce $22 million dollars in revenues annually and an EBITA of approximately 35 cents per share. The agreement is set to commence immediately.
CEO Anderson Dias stated, "Tellestar has signed an agreement with PHBR for the use of their licenses in Brazil to do business as a telecommunications company as well as the minutes provided. PhoneBrasil will provide Tellestar with access to Brazilian customers using their licenses and billing operations. We are very excited with the prospects of penetrating the VOIP market in Brazil and establishing PhoneBrasil as a reliable provider of telecommunication services on a wholesale and retail basis."
Tellestar is a Brazilian company providing telecommunication products, primarily to the retail market. Tellestar provides mainly phone card and VOIP services to consumers in Brazil. To visit Tellestar's website click link here, http://www.tellestar.com.br/.
PhoneBrasil International, Inc. is an American based company specializing in Hybrid VOIP Technology in the Latin American market as well as servicing the International Telecommunication markets.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as PHBR or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Shareholder Information Gateway: http://www.brasil-telecom.com/
Corporate Website: http://www.phonebrasil.net/
Contact:
PhoneBrasil International, Inc., Miami
Dennis Curtis, Advisor, 754-366-2171
Corporate Office: 305-599-9949
Investor Relations: 754-366-2171
utzeir@yahoo.com
phbr@brasil-telecom.com
Source: PhoneBrasil International, Inc.
Thursday August 16, 12:33 pm ET
MIAMI--(BUSINESS WIRE)--PhoneBrasil International, Inc. (Pink Sheets:PHBR - News) announces new contract with Tellestar. The agreement is expected to produce $22 million dollars in revenues annually and an EBITA of approximately 35 cents per share. The agreement is set to commence immediately.
CEO Anderson Dias stated, "Tellestar has signed an agreement with PHBR for the use of their licenses in Brazil to do business as a telecommunications company as well as the minutes provided. PhoneBrasil will provide Tellestar with access to Brazilian customers using their licenses and billing operations. We are very excited with the prospects of penetrating the VOIP market in Brazil and establishing PhoneBrasil as a reliable provider of telecommunication services on a wholesale and retail basis."
Tellestar is a Brazilian company providing telecommunication products, primarily to the retail market. Tellestar provides mainly phone card and VOIP services to consumers in Brazil. To visit Tellestar's website click link here, http://www.tellestar.com.br/.
PhoneBrasil International, Inc. is an American based company specializing in Hybrid VOIP Technology in the Latin American market as well as servicing the International Telecommunication markets.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as PHBR or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Shareholder Information Gateway: http://www.brasil-telecom.com/
Corporate Website: http://www.phonebrasil.net/
Contact:
PhoneBrasil International, Inc., Miami
Dennis Curtis, Advisor, 754-366-2171
Corporate Office: 305-599-9949
Investor Relations: 754-366-2171
utzeir@yahoo.com
phbr@brasil-telecom.com
Source: PhoneBrasil International, Inc.

