INNOTELCO, Inc. Begins Trading Under the Symbol ILCO
TORONTO, May 02, 2005 (BUSINESS WIRE) -- INNOTELCO, Inc. (NASDAQ - Pink Sheets: ILCO), a marketer and distributor of telecom hardware and network solutions, today announced it has begun trading its shares on the NASDAQ Pink Sheets under the symbol "ILCO."
According to Ross Sehovic, CEO, "INNOTELCO, Inc. has positioned itself to enter the multi billion dollar communications market in Europe, specifically in the emerging growth markets of Eastern Europe, where our distribution network and prospects for rapid growth are the strongest. Due to our high quality products, we have already created a strong base for expansion in the region. Our structure is set up to grow at a very quick rate, without the growing pains experienced by other companies in our sector."
"We look forward to the opportunities and embrace the challenges of building our shareholder value in the years to come," added Mr. Sehovic.
About INNOTELCO, Inc.
INNOTELCO is a telecom hardware supplier, specializing in servicing emerging markets looking to expand telecommunications networks. Their products range from indoor and outdoor coaxial cables and accessories, to fiber optics and switching equipment. In the past, the Company has worked with both private and public sectors, participating in major government tenders, and offering viable solutions to private contractors of all sizes. INNOTELCO, Inc. prides itself on being able to offer quality telecom hardware solutions for any project, regardless of size or scope.
The Company's low overhead costs and strong regional relationships, coupled with established marketing/distribution concerns in Eastern Europe, present the opportunity to become a leading supplier in the region. INNOTELCO's manufacturing relationships in China provide the liquidity and scalability to capitalize on this, and other opportunities or demands presented, without the burden of high fixed costs. The Company foresees rapid growth of its business in the coming years, and views expansion into Europe as the first step in achieving this. INNOTELCO, Inc. has been marketing itself throughout the region by attending industry conferences and expos. To increase product recognition and develop important partnerships and alliances, the Company will be participating in key industry trade shows.
The Company has offices in Toronto, Canada, Zagreb, Croatia, and Beograd, Yugoslavia, with warehousing facilities in Sarajevo, Bosnia Herzegovina.
SOURCE: INNOTELCO, Inc.
CONTACT: INNOTELCO, Inc.
Ross Sehovic, 416-565-0043
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