Affordable Telecom Signs Agreement with Prestige Procurement of Bangkok
3 May 2005
Affordable Telecom Technology (Pink Sheets:ATCT - News) is pleased to announce a number of events that have resulted from the Directors' continued commitment to adding shareholder value. As a result of a review of ATCT's global opportunities in the telecommunications sector the Directors of ATCT have sought out a company capable of representing and securing telecommunications deals for ATCT in the world's fastest growing telecommunications region - Asia.
The representative, Prestige Procurement and Networking Services (a member of Knightsbridge Group), is based in Bangkok and has an expansive network of agents Asia-wide - most notably in China.
Sutida Suwunnavid, President of Prestige Procurement and Networking Services, said today, "Affordable Telecommunications Technology's potential market in the rural areas of Asia especially in China is enormous, although over US$25 billion will be invested in China fixed line infrastructure in the coming year, the relatively high activation cost makes it too expensive for millions of people, this is ideal for a prepaid service."
Mr. Steven H. Bethke, Chairman, President and CEO of ATCT, agreed this sector of the market has been a prime target of the company for sometime. China with a population approaching a billion only has 300 million fixed line phones and Mr. Norman George, Chief Operating Officer and Director, added that what the company has learned over the past few years puts it in a prime position to move on this opportunity.
Prestige Procurement and Networking Services also covers:
The establishment of an Investor Relations website Representing ATCT to regional investors Organizing and representing ATCT at various events in the telecommunications and government sectors Individual announcements will be made to clarify each area in the coming week.
The funding of the program has been organized through Prestige Procurement and Networking Services, parent company.
Interested parties may contact: Sutida Suwunnavid President (Sunny) at +666-888-4665 Kornchaya Manchanda Analyst at +669-084-5704
Safe Harbor Statement
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company undertakes no duty to update or revise these forward-looking statements.
-------------------------------------------------------------------------------- Contact: Affordable Telecom Technology Steven Bethke, 832-814-0673 info@atct.us
-------------------------------------------------------------------------------- Source: Affordable Telecom Technology
Source: Business Wire
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