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Tuesday, 01/10/2006 8:31:24 AM

Tuesday, January 10, 2006 8:31:24 AM

Post# of 92667
OT: FINANCIAL TELECOM LTD USA INC COM (FLTL) Trade Set Alerts!


Fintel Announces Name Change, Additional Aircraft Purchases, New Website PANAMA CITY, Panama--(Business Wire)--Jan 10, 2006--

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06:00 ET PANAMA CITY, Panama--(Business Wire)--Jan 10, 2006--

Financial Telecom Limited (USA) Inc. (OTCBB:FLTL.U)
("Fintel") announced today its shareholders approved the company's new
name, MKA Capital Inc., during the meeting held on January 6, 2006.
The company has launched its new corporate web site at
www.mkacapital.com and is in the process of applying for a new stock
trading symbol to reflect the name change.
"We aim to explore fully the opportunities presented to us by the
dynamic aviation industry in emerging markets and the fast growing
Chinese aviation market. With the extensive experience and
relationships MK Aviation has in the aircraft leasing business, we
will expand our fleet and assets aggressively through new acquisitions
of aircrafts and engines," comments Mr. Mory Kraselnick, Chairman of
MKA Capital Inc. "We are currently bidding for a number of aircraft to
meet the demands of our airline customers. Our policy is to purchase
aircraft and engines only when we have identified the leasing
customers for such equipment, which allows us to manage our operating
risks and cost of capital effectively."
MKA Capital, through its newly acquired subsidiary, MK Aviation
SA, has entered into an agreement to purchase two Boeing aircraft
model 737, and one P&W engine model JT8D-17A, for delivery in January
2006. MK Aviation entered into an agreement to sell and lease these
equipments to its airline clients. The purchase of these assets will
increase the consolidated asset portfolio by approx. US$2.5 million.
The leases will generate additional revenues of approximately
US$900,000 annually over a five year term.

About MKA Capital, Inc (Fintel)

MKA Capital is an aviation leasing company with offices in Panama,
China, and USA. Aircraft and engine leases are typically operating
leases of long-term durations, creating substantial net cash flows to
the company, and residual profit. Its customers and partners are
airlines from South America, Eastern Europe, Chinaand USA. MKA
Capital also invests in the equity of Chinese private companies, and
this portfolio generates annual cash returns of 15% on capital and
participation in future equity growth. For further information please
visit www.mkacapital.com.

Forward-looking statements:

The statements made in this press release, which are not
historical facts, may contain certain forward-looking statements
concerning potential developments affecting the business, prospects,
financial condition and other aspects of the company to which this
release pertains. The actual results of the specific items described
in this release, and the company's operations generally, may differ
materially from what is projected in such forward-looking statements.
Although such statements are based upon the best judgments of
management of the company as of the date of this release, significant
deviations in magnitude, timing and other factors may result from
business risks and uncertainties including, without limitation, the
company's dependence on third parties, general market and economic
conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the
control of the company. The company disclaims any obligation to update
information contained in any forward-looking statement.

CONTACT: for MKA Capital Inc.
Ms. Valli Stanziola, 507-269-5211
Fax: 507-269-1473
mkaviation@cwpanama.net


KEYWORD: 'ASIA PACIFIC' 'CENTRAL AMERICA' 'CHINA' 'PANAMA'
INDUSTRY KEYWORD: 'TRANSPORT' 'AIR' 'PROFESSIONAL SERVICES' 'FINANCE'
SOURCE: MKA Capital, Inc.





Copyright Business Wire 2006










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