Game on! YIWA - Negotiations to Purchase Shares of Dash911 Solutions, Inc.
October 11, 2007 (Denver, CO)
US National Telecom (Yi Wan Group; Symbol: YIWA) reports that it has entered negotiations to purchase a majority of the shares of Dash911 Solutions, Inc., a privately held Delaware corporation. Formed in 2005, Dash911 Solutions, Inc. was one of the first providers of E911 emergency calling services for VoIP telecom providers. Terms of the proposed purchase have not yet been disclosed, but will include stock of YIWA.
In June 2005, the FCC introduced new regulations that required all VoIP telephone service companies to provide their subscribers the ability to dial 9-1-1. Since that time, the number of subscribers to VoIP services has increased more than 500% and use of VoIP services in the USA has continued to grow at a rapid pace.
On October 9th 2007 the company issued a press release that stated, in part, that various corporate issues are in progress including a name change to US National Telecom, and a forward stock split. The press release included the comment that, “This is the first step in what the company expects will be its plan to obtain a full listing on the high profile OTC BB exchange.” The company wishes to fully disclose that it has only started filing for a securities listing name change and a forward stock split. While various discussions have taken place internally, and various options are being considered, the company has not applied for what was referred to as a “full listing on the OTC BB exchange”.