| | INNOTELCO signs Contract for US$210,000 with Farel
June 09, 2005 15:00:04 (ET)
TORONTO, Jun 09, 2005 (BUSINESS WIRE) -- INNOTELCO, Inc. (Pink Sheets:ILCO), a marketer and distributor of telecom hardware and network solutions, announced today that it has signed a contract to provide 7 containers of cable product to Farel, agent and distributor for INNOTELCO, Inc.
"This contract calls for delivery of cable products in 90 days (approximately 40 days for manufacture, 25-30 days shipping and 30 day consignment)," said Ross Sehovic, CEO of Innotelco, Inc.
Further, "The Company is committed to moving forward in meeting it's goals as set out in our Business Plan, to provide quality products at competitive prices, or better. We are moving forward step-by-step in achieving our goal, to cover the southeastern region of Europe."
About Farel
Farel, established in 1990, covers the market for over 20 million people in the southeastern region of Europe. Farel is a distribution agent for six major worldwide corporations: four from Austria, one from Germany and one from the United States. The President of Farel is Vasil Atanasov, who has 20 years experience in marketing and distribution. Farel maintains offices in Skopje, Macedonia and Serbia and Montenegro.
About Innotelco, Inc.
INNOTELCO is a telecom hardware supplier, specializing in servicing emerging markets looking to expand their telecommunications networks. INNOTELCO's products range from indoor and outdoor coaxial cables and accessories to fibre optics and switching equipment.
Safe Harbor Statement
This press release contains forward-looking statements as defined in the Securities Litigation Improvements Act of 1996. The words "believe," expect," estimate" and "project" and similar expressions define forward-looking statements, which speak only as of the date the statement was made. INNOTELCO, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are currently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated in, underlie the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the Company's ability to meet its projected growth, the effects of government regulation, competition and other material risks.
SOURCE: INNOTELCO, Inc.
INNOTELCO, Inc.
Ross Sehovic, +1-416-565-0043
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