USNT - Stock Profiler.US: (Friday's) Afternoon Stock News You Can Use
New York, NY, Dec 14, 2007 (M2 PRESSWIRE via COMTEX) -- StockProfilers' "Stock News" For This Morning: US National Telecom (PINKSHEETS: USNT); First Responder Products, Inc. (OTCBB: FRPD); Golden Telecom, Inc., (NASDAQ: GLDN); Propalms, Inc. (PINKSHEETS: PRPM); Ultitek, Ltd. (OTCBB: UITK); NACEL Energy Corporation (OTCBB: NCEN)
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US National Telecom (PINKSHEETS: USNT)
US National Telecom closed at $0.012 Thursday, trading 330,140 shares.
For current trading information on US National Telecom, including continually updating stock quotes, interactive charts, news, research and Nasdaq Level 2 data, go to http//www.StockProfiler.US
Company News- December 14, 2007: US National Telecom (USNT) Completes Network Access Upgrade -- Ten-Fold Capacity Increase Due to Customer Traffic Demands
US National Telecom (PINKSHEETS: USNT), a fast-growing provider of wholesale VoIP Internet telephony services, announced earlier today they have 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.
About US National Telecom (USNT) - formerly (YIWA)
US National Telecom (USNT) is a publicly traded VoIP technology company, headquartered in Denver, Colorado. www.USnationalTelecom.com. The Company focus is on building a VoIP and Internet services conglomerate with various wholesale services.
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