Cyberfast Systems Signs Contracts For $27 Million In Annual Revenues
June 3, 1999 01:37 PM
HIGHLAND BEACH, Fla., June 3 /PRNewswire/ -- Cyberfast Systems, Inc. CYSI ("Cyberfast" or "Company"), a publicly traded company, announces the signing of agreements to install high-speed fiber optic-based digital telecommunications for Voice Over Internet Protocol (VOIP) communications into 5 cities in Asia. According to Company President Edward Stackpole, "The installation of the first circuit, out of the total of five (5) circuits to be installed into Asia, should be completed within ninety (90) days and the remaining four (4) circuits should be completed by the end of October 1999." Edward Stackpole also stated that "These circuits, when completed, are expected to generate approximately $27 million in annual revenues and produce a net pre-tax profit of $9 million annually."
Cyberfast is an international provider of state-of-the-art, Voice Over Internet Protocol (VOIP) communications, building an Internet infrastructure into strategic locations worldwide.
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