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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