YIWA, Finalizes New Contracts to Sell $207,000 of Services to USA Telecom Companies
DENVER, CO, Oct 02, 2007 (MARKET WIRE via COMTEX) -- US National Telecom (Yi Wan Group) (PINKSHEETS: YIWA) reports that it its Vitelity subsidiary has signed new VoIP telecom services contracts with a total contract value in excess of $207,000. Switch integration and revenue on these contracts will begin in October 2007.
"Our sales activity and contracts signing is increasing, with a nice mix of small and larger companies," said Brian Ford, VP of operations for Vitelity, a Yi Wan (YIWA) subsidiary. "Our reputation for delivering a quality service is providing us with larger opportunities and more services contracts. We will be announcing several more, and larger, contracts by the end of October, at the time of the Boston VON show." The Company has been steadily expanding its network capacity to meet demand, adding 100mb of bandwidth and developing key international routes.
The recent increase in sales has initiated the Company's seeking to consider deployment or partition of high capacity switches of the type used by leading telcos worldwide.
The Company recently announced that it was planning to establish a high capacity network node at telx in New York and at One Wilshire in Los Angeles, California
About USNT - Yi Wan Group
Headquartered in Denver, Colorado, YIWA is a publicly traded company, symbol YIWA, and plans to change its name to US National Telecom by the end of 2007. Information at: www.USnationalTelecom.com. The Company focus is on acquiring smaller VoIP companies and building a large VoIP services conglomerate, to enjoy economies of scale and increase profits.
About Vitelity Communications
Vitelity, formed in 2003, is a growing provider of wholesale VoIP services to thousands of subscribers and VoIP telecom companies. Wholesale services include telephone numbers and worldwide termination of VoIP voice traffic to the PSTN. www.Vitelity.com
Safe Harbor Statement: This release includes forward-looking statements made pursuant to the safe harbor provisions of the PSLA of 1995 that involve risks and uncertainties. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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