Inv Phy Pall (LSE:SPAL)
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Spantel Growth in Revenues Continues
FUENGIROLA, Spain, July 29 /PRNewswire-FirstCall/ -- Spantel Communications,
Inc. (OTC:SPAL) (BULLETIN BOARD: SPAL) , a provider of telecommunications
services within Spain, announced today that sales for the quarter ended June
30, 2004 were up 16% to $4,989,162 versus $4,316,533 for the same period in
2003, with a net profit of $210,010 and $440,367 respectively. In the first
six months sales were up $1,921,080 and net profits rose by $230,691 versus the
first six months of 2003.
Spantel's president, Jose Ramon Basterra, said, "We are very pleased that we
have again realized double digit growth in sales and saw an increase in our
margins, both of which have been fundamental to our profitability over the last
seven quarters. Since the first of this year we have incurred increased
expenses as a direct result of our implementation of expanded services and
introduction of additional new products with only marginal impact to our
profitability." Mr. Basterra went on to say: "In order to remain competitive,
retain customers and increase market share, we are focusing resources on
increasing our product lines and services to meet our customers needs.
Customers are demanding convenience, quality, a broad selection of goods and
services from their telephone carrier, and we are committed to meeting the
needs of our market."
To learn more about Spantel, visit the Company's website at
http://www.spantel.es/.
Except for historical information contained herein, the statements in this
release are forward-looking and made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which may cause
the Company's actual results in future periods to differ materially from
forecasted results. Those risks include, among other things, the competitive
environment in the telecommunications industry in general and in the Company's
specific market areas, inflation, changes in costs of goods and services and
economic conditions in general. Those and other risks are more fully described
in the Company's filings with the Securities and Exchange Commission.
Contact: Spantel Communications, Inc.
Mr. Robert Carlin
+34.952.66.93.29 & +34.607.514.906
This release was issued through eReleases(TM). For more information, visit
http://www.ereleases.com/.
DATASOURCE: Spantel Communications, Inc.
CONTACT: Mr. Robert Carlin of Spantel Communications, +34-952-66-93-29
or +34-607-514-906,
Web site: http://www.spantel.es/