SYMY NEWS JUST OUT! EXPANTION CONTINUES!
Symphony Telecom Expands in North America
TORONTO--(BUSINESS WIRE)--Dec. 20, 2000--Symphony Telecom International Inc. (OTCBB:SYMY) Symphony Telecom International announced the addition of two new branches in Canada and an expansion to the North Eastern U.S. marketplace. In addition, higher than expected revenues are forecasted for the second quarter fiscal 2001.
``We are pleased with our performance to date,'' said Dan Cullen, President at Symphony. ``We are confident that our positioning in the marketplace will build a profitable business that effectively provides communications solutions for our clients''.
``With respect to second quarter revenue, we are well ahead of target'' noted Mr. Cullen. ``Long Distance revenue continues to grow at double-digit growth quarter over quarter. For our ICP (Integrated Communications Provider) business, we have surpassed each month of plan and December to date is CDN$220k or 140% of plan''.
Symphony will open their Montreal office in January, 2001 and Vancouver in March, Dan Nelson, Senior Vice President of Sales and Marketing said. ``We are right on track with our business objectives of going National next year and well positioned to enter the U.S. market. The Montreal office will target Eastern Canada as well as the North Eastern U.S. The focus in the U.S. will be in leveraging our customer base of Symphony's recent acquisitions''. The Vancouver office shall be followed by Calgary and Ottawa in the first half of 2001.
About Symphony Telecom International Inc.
Symphony Telecom International, Inc. is a business-to-business telecom solutions provider dedicated to delivering all the benefits of the Next-Generation Global Telecommunications Network to its customers worldwide. Symphony Telecom International is positioning itself to become North America's foremost Next-Generation Telco, leveraging emerging technologies into a global, sophisticated, and user-friendly array of quality services centered on high speed Internet, Wireless and VoIP.
Website: symphony.net
Information in this press release contains ``forward-looking statements.'' These statements involve risks and uncertainties that could cause actual results to differ materially. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future. The above and additional factors are discussed in detail in the company's filings with the SEC.
Contact:
Alexander Grant & Associates Inc.
407/804-0909
Fax: 407/833-0046
or
Symphony Telecom International, Inc.
Gilles Trahan, 905/457-4300 or 888/479-6746
gtrahan@symphony.net
Fax: 905/457-5506 |
