Spantel Revenues and Profits Rise, Khashoggi Resigns from Board

Spantel Revenues and Profits Rise, Khashoggi Resigns from Board



FUENGIROLA, Spain, June 10  /PRNewswire-FirstCall/ -- Spantel Communications,
Inc. (OTC:SPAL) (BULLETIN BOARD: SPAL) , a provider of telecommunications
services within Spain, announced today that revenues for April increased to
$1,699,265 from $1,309,131 and had gross profits of $173,013 versus a loss of
$17,100 compared to April 2003. The 27.5% increase in revenues and change from
a loss to a profit is largely attributable to improved efficiency in the
company's telemarketing division and the increased traffic from the agreements
entered into earlier this year.

The company also announced today the resignation of Mohamed A. Khashoggi from
the Board of Directors that will become effective on July 12, 2004. According
to Spantel's president, Jose Ramon Basterra, "Mohamed has been with the company
since inception and was instrumental in negotiating many of the major
agreements we have made, as well as helping us attain our carrier license." Mr.
Basterra continued, "His many other business interests have made it difficult
for him to devote the time he feels is necessary to properly serve on the board
and therefore, he felt it was in the best interest of Spantel and our
shareholders that he resign."

Spantel has formed an executive committee to appoint a replacement to finish
Mr. Khashoggi's term on the board and expects this to be completed prior to
July 12th, 2004.

Spantel Communications, Inc. is a provider of telecommunications services
throughout Spain. 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
            +34.607.514.906 or 34.952.66.93.29
            



This release was issued through eReleases(TM).  For more information, visit
http://www.ereleases.com/. 

DATASOURCE: Spantel Communications, Inc.



CONTACT:  Mr. Robert Carlin, Spantel Communications, [phone] or

[phone], 



Web site:  http://www.spantel.es/ 

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