Zcom Networks Subsidiary Announces Compliance and Record Revenue and Earnings
LOS ANGELES, CA -- (Marketwire) -- 07/20/09 -- Zcom Networks, Inc. (PINKSHEETS: ZCNW) announced today that Kortel Communications, Inc. (www.kortel.net), a Zcom Subsidiary, recorded annual revenue of $16,292,730 and profitable operations for 2008. In addition, Kortel, which provides a wide range of telecommunication services with extensive network infrastructure, international routes, and connectivity, has obtained its complaisance with Cisco, Quintum, Neura, and all H323 systems. This reach minimizes, or can even eliminate, the local access circuit cost which all too often becomes the highest cost item in connectivity. Kortel's domestic and international interconnection are offered via VOIP (Voice over Internet Protocol), TDM derived, E1, or traditional interfaces. "Utilizing its extensive cost effective proprietary IP/TDM hybrid switch and network POPS globally, Kortel provides voice and data termination services with highest quality and reliability," said Dr. Alex Parsinia, CEO of Zcom. "We are looking forward to continued development by Kortel from its constantly expanding customer base."
For more information, visit www.zcomnetworks.net
About Zcom
Zcom is a multi-industry company. Through its subsidiaries and holdings, it has three core businesses: Media Broadcasting, Telecom, and Mineral rights/Real Estate. Zcom offers radio and video content delivered live and on demand over the internet. Audiences can access programs 24 hours a day, seven days a week, directly or via podcast. The company's Satellite TV broadcast, Talk Money TV, reaches nearly 10 million total potential viewing households in the US, Canada and Mexico. In the Telecom Sector, Zcom offers voice and data termination services to wholesale and retail customers for both fixed and fixed to mobile platforms with interconnectivity through VOIP, TDM, E1, or traditional interfaces. Zcom's Mineral Rights/Real Estate Division owns a mining development, exploration, and extraction company with a 160-acre gold, silver, tungsten, platinum and copper placer mining claim -- CLS #12 in Ridgecrest, California. Additionally, Zcom is a joint venture partner in the Playa Paraiso Development Project in Panama, which includes the construction and sale of 5 beachfront villas and 20 condominiums. Please visit www.zcomnetworks.net.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
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Contact:
Zcom Networks, Inc.
Dr. Alex Parsinia
CEO
Email Contact
310-754-5599
800-429-8182
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