YIWA - Exceeds Revenue Target for September -- $1,560,000 Annual Rate; 3 for 1 Stock Dividend Attracts Interest in the Company
DENVER, CO, Oct 04, 2007 (MARKET WIRE via COMTEX) -- US National Telecom (Yi Wan Group) (PINKSHEETS: YIWA) reports that its Vitelity subsidiary revenue growth exceeded 8% in the month of September, increasing revenue to $1,560,000 in terms of annual revenue. Increased revenue was from existing customers and higher than earlier projections.
The Company reports that existing customers have been generating more revenue, and that internal growth has been higher than expected. "With new contracts, the revenue from October to December this year could increase as much as 100%," said Brian Ford, VP of operations for Vitelity.
The Company expects to announce another contract after the Comptel Dallas show and several more contracts at the time of the Boston VON show.
The public company is starting to catch the attention of many investors due to the recently announced 3 for 1 stock dividend, which will give each shareholder three shares of freely trading stock for each one share owned. "The 3 for 1 stock dividend is a very attractive and free bonus to reward existing shareholders," said Gregory Giagnocavo, President. "In addition, our corporate name change to US National Telecom, Inc. has been approved by the State, and along with a new stock symbol in the next sixty days, we expect to become a nationally recognized name, which will also help increase shareholder value and brand name."
About USNT - Yi Wan Group
Headquartered in Denver, Colorado, YIWA is a publicly traded company, symbol YIWA, and is changing its name to US National Telecom, Inc. 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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