Telatinos Inc. Signs $5,000,000 Exclusive Technology Transfer License
Thursday February 3, 8:28 am ET
MIAMI,, Feb. 3, 2005 (PRIMEZONE) -- Telatinos Inc. (Pink Sheets:TLTD), a Latin American IP VoIP service provider, today announced that the Company has entered into a three-year, exclusive licensing and technology transfer agreement for Telatinos subsidiary IPxes Corp to provide IPxes network services and XRF link(R) products to Cuba.
ADVERTISEMENT
The exclusive licensing agreement enables Cuban government mandated licensor Servicio de Red to perform sales, service, engineering and maintenance of the products and services applicable under the licensing agreement in Cuba only. The exclusive licensing agreement also stipulates that the Government of Cuba may implement a proprietary firewall system for its IPxes network service and XRF link system purchases without divulging the specific modifications to Servicio de Red, IPxes or Telatinos.
The Company has received $5,000,000 for the Cuba exclusive license. The Company will also receive 6.25% of all gross orders received by the exclusive licensor for Cuba for the next three years.
IPxes is a business class, highly scalable communications service that provides Broadband data, voice and wireless service using multiple integrated T-1 lines with a layer 2 private network. Our proprietary technology and integration provides SME customers with dedicated Internet access, customizable business solutions for voice, data, wireless and Internet, and secure communications channels between the SMEs' offices, partners, vendors, customers and employees without the use of a firewall or encryption devices. IPxes has a growing network presence in South America, including network facilities in Brazil, Colombia, Costa Rica, and main operations in Miami, Florida. IPxes' proprietary technology, XRF link(R), remote network locations may be connected through IPxes' network, enabling secure and direct transfer of communication, documents, databases, and virtually any other information between a client's headquarters and its remote locations. Each location is provided with dedicated access and extended services with maximum efficiency. The XRF link solution allows data to be delivered at the fastest and most efficient speeds available today. In addition, unlike traditional encryption-based virtual private network technologies, XRF link avoids the use of the public internet for transferring secured information between locations. Secured information travels on a private network. IPxes clients experience the highest level of security and efficiency.
I'm getting thirsty dammit!
Oh yea, everthing is my opinion only. Please make your own decisions and consult your own financial advisors for both investment and income tax issues.
