USNT - Completes Network Access Upgrade -- Ten-Fold Capacity Increase Due to Customer Traffic Demands
DENVER, CO, Dec 14, 2007 (MARKET WIRE via COMTEX) -- US National Telecom (PINKSHEETS: USNT), a fast-growing provider of wholesale VoIP Internet telephony services, has upgraded its network capacity with Internap due to increased customer traffic. This upgrade, performed at midnight last night, increases subsidiary Vitelity's access capacity "ten fold," to a maximum GigE capacity. In keeping with its "no downtime" policy, the engineering upgrade was successful and the cutover was smooth without experiencing any network outages.
Through its subsidiary Vitelity, the Company offers a full range of wholesale VoIP telecom services and has experienced rapid growth in 2007, with a 100% increase in revenues in the last 12 months. The VoIP services marketplace is expected to continue on a very rapid growth path -- increasing to a $10 billion market by 2010.
The Company recently announced a 3-for-1 stock split which many investors believe to be a positive move by the Company because it is believed that this will increase shareholder value, and broaden the increasing shareholder base. The Company intends to grow in part in 2008 by acquiring other companies in related technology fields. Although negotiations are still pending, an announcement of the next acquisition is expected before December 31, 2007.
The final regulatory approval for this stock split is still pending, and the stock split effective date is subject to approval by the appropriate regulatory agency.
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