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Tuesday, June 17, 2008 9:06:34 AM
MIAMI — IR/PR PROS, a leading source of news and information on small cap technology companies, has initiated coverage of PhoneBrasil International (PINKSHEETS: PHBR) today and reported that shares are now seeing a steady increase in volume and are trading at their most attractive price levels in 4 months.
PhoneBrasil International, Inc. and Atlanta, GA based Tacora Wireless Inc. had previously announced late last year both parties had finalized, dually signed, and executed the agreement for the first large-scale WiFi/Wimax Platform in Brazil. IR/PR PROS spokesperson commented, "Understand and take into mind this type of large scale network/platform takes time, lots of planning, proper testing, and requires many of local, state, and Federal approvals."
PHBR now having Governmental approval is advancing in achieving the necessary process to get final approval from TUV and CPQD. Upon the full completion (roughly 2 years) this First large-scale Wi-Fi/WiMAX will have a valuation of over $1 Billion US.
Anderson Dias CEO of PHBR had stated, "The parties will utilize their resources and efforts in designing, establishing and managing a number of wireless broadband service networks in the form of a wireless telecommunications company in the Federal Republic of Brazil."
The new WiFi/Wimax network will literally cover most major metropolitan cities, areas, states, and territories of Brazil. This new untapped technology will give both new subscribers, and already existing PhoneBrasil customers, the ability to connect their computers, laptops, VoIP networking devices, and Hybrid cellular dual-mode communication interfaces anywhere, when this large-scale WiFi/Wimax platform is available.
Shares of PHBR closed Monday at $0.31 a share, down $0.06 on the day, and have consistently proven over the past four quarters that they can trade well above $1.25 per share.
PHBR investor website http://www.phonebrasil.info
Tacora Wirless (Now Xiocom) offers a broad range of flexible, tailor-made wireless services that substantially reduce the cost of wireless broadband delivery for the company's network of partners in developed and emerging markets worldwide. Xiocom is also an investment company that will invest in conjunction with local partners to deploy and manage the wireless networks. http://www.tacora.com/
PHBR is an American based company specializing in Hybrid VOIP, cellular, Broadband and WIFI Technology in the Latin American market as well as servicing the International Telecommunication Markets. PhoneBrasil presently services four niche markets supplying VOIP Technology to and for the wholesale and retail markets as well as providing calling cards and boxes. PHBR offers prepaid VoIP calls and equipment, and remains focused on dominating technological aspects like software, billing, supply, and cost savings.
Important Notice and Disclaimer: Please Read
IR/PR PROS is a technology news service which publishes reports providing information on selected companies that it believes has investment potential. IR/PR PROS is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. IR/PR PROS accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. IR/PR PROS has chosen to cover PhoneBrasil International Inc free of charge and of its own accord. This report contains forward-looking statements, which involve risks and uncertainties - including, but not limited to, risks associated with changes in general economic and business conditions, including financial information, actions of competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of the company's services, and/or changes in its business strategies - that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, please request additional information directly from the companies above or obtain the SEC filings of the companies including the companies' most recent annual and quarterly reports.
IR/PR PROS Kyle Roberts, 954-865-0459 irpr@irprpros.com www.irprpros.com
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