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NaeroDynamics, Inc. - IE Telco Solutions, Ltd. Provides Further Detail on Its Business and Its Signed Contracts
CHICAGO, IL -- (Marketwire)
04/21/10
NaeroDynamics, Inc. (PINKSHEETS: NDYN), and its wholly owned subsidiary IE Telco Solutions, Ltd. (IETS), would like to provide its shareholders and potential investors with additional information regarding its business and its signed contracts.
IETS continues to make solid progress on winning significant Telecom Expense Management (TEM) contracts. IETS is in final negotiations on terms and conditions and expects it should be able to announce two additional contractual agreements for providing cleansing and optimization services in the very near future. One contract would be with a large CLEC in the United States and the other would be through a channel partner to provide services to a Pan-European telecom operator.
IETS currently has two signed contracts with 2 of the top 10 CLEC's in the United States. The contract with TelePacific Corporation is in full production while the other contract is awaiting data delivery from the client. IETS is progressing in line with the project plans for delivery on the contract and would begin receiving revenue consistent with our managed service contract.
The total spend by corporations on Telecommunications services in 2006 was US $148 Billion per annum (source Gartner Insight). Of this, North America and Western Europe account for around 70% of the total based on market share statistics for similar markets (e.g. IT spend). This gives a target market of US $103 Billion annually. Our target market, namely the top 20% of companies that account for 80% of the expenditure, is worth about US $80 Billion per annum.
"IETS is quickly becoming a significant player in the TEM industry. The proof of this is that we continue to win business because of our ability to quickly find savings in the TEM arena. This is a real testament to our proprietary ECM software and our highly dedicated and skilled management team," says Lee Wiskowski Co-CEO of NaeroDynamics.
Doug Stukel, Chairman and Co-CEO of NaeroDynamics also states, "The sheer size of the annualized telecom spend by these companies and the amount of savings we are capable of finding, make the IETS revenue model extremely lucrative for us and our customers."
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