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SPAL Inv Phy Pall

89.19
-2.55 (-2.78%)
18 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Inv Phy Pall LSE:SPAL London Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -2.55 -2.78% 89.19 88.93 89.45 91.535 89.06 91.26 115 16:29:59

Spantel Traffic Increases in Excess of 30%

01/03/2004 9:03pm

PR Newswire (US)


Inv Phy Pall (LSE:SPAL)
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Spantel Traffic Increases in Excess of 30% FUENGIROLA, Spain, March 1 /PRNewswire-FirstCall/ -- Spantel Communications, Inc. (BULLETIN BOARD: SPAL) announced today that traffic for January 2004 was approximately 12,000,000 minutes versus 9,000,000minutes in December 2003, an increase of over 30%. Traffic was also up significantly over the January 2003 billing cycle increasing over 14%. The increases are primarily the result of the additional traffic routed through Spantel's network from two of the three agreements the company made earlier this year with Globatel and Sky Link. The third agreement with ITC commenced in February and is also expected to add substantially to traffic, revenues and gross profits. According to Spantel's PresidentJose Ramon Basterra, "Our strategy for growth in aggressively pursuing acquisitions and agreements to route traffic of alternative carriers throughout Spain is already being reflected in these preliminary numbers. We have established ourselves as a primary carrier within Spain and now have the ability to provide minutes to other carriers on a wholesale basis at competitive prices." He went on to say, "These new agreements, along with future acquisitions, will provide us with a stronger revenue base, as well as gross profits that are comparable to those achieved from our own customer base. We are currently in different stages of discussions with other carriers and are optimistic about the prospects of our negotiations." Spantel Communications isa provider of telecommunications services throughout Spain. The company expects to file its 10-KSB for fiscal 2003 ending in December on time. 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: Mr. Robert Carlin +1.804.967.9665 & +34.607.51.49.06 This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/. DATASOURCE: Spantel Communications, Inc. CONTACT: Robert Carlin of Spantel Communications, +1-804-967-9665 or +34.607.51.49.06

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