| | INNOTELCO, Inc. Announces Update on Long-Term Strategic Framework (LSF)
Tuesday September 19, 2:22 pm ET
TORONTO--(MARKET WIRE)--Sep 19, 2006 -- INNOTELCO, Inc. (Other OTC:ILCO.PK - News), a marketer and distributor of telecom hardware and network solutions announces update on Long-Term Strategic Framework (LSF).
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INNOTELCO, Inc. would like to provide updated information of what management has been involved in over the last few months, in an effort to keep investors and interested parties informed of its activities.
"The Company continues to see growth in a number of commodity market contracts, which we believe reflects the growing strength of INNOTELCO's new Long-Term Strategic Framework (LSF). The Company has focused its business strategy on two basic fields. First, final steps in the contract fulfillment process with Pan Atlantik, S.A. and second, selecting a strategic business partner who will be in a position to expedite this process and take the best advantage of the business solutions and global connections that INNOTELCO can provide," said Radomir Popovic, Vice President, Sales and Marketing. "INNOTELCO continues to gain steam particularly in the commodity trading field, where we believe the battle for greater revenues will be won."
INNOTELCO has positioned itself by negotiating several opportunities for strategic alliances with reputable International trading companies based throughout North Africa, with extensive business connections across the market. Discussions with these companies have been based in large part on their ability to conclude contract fulfillment on an expeditious basis. This move will tie into the LSF philosophy that the company adopted as announced.
The Company expects the revenue generated from the commodity market contracts signed in the next quarter to be spread over several quarters on the forward-based market requirements of the underlying contracts.
The Company is moving forward with its plan to advance and improve shareholder information and communication and to increase share price to the real level. The Company will start promotion with an experienced and well reputable Investor Relations firm. A follow-up press release will give more details on the process.
INNOTELCO - "Building Bridges for Communication"
About INNOTELCO, Inc.
INNOTELCO is a telecom hardware supplier, specializing in servicing emerging markets looking to expand their telecommunications networks. INNOTELCO 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," "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, or underlying 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.
Contact:
Contact:
INNOTELCO, Inc.
Radomir Popovic
416-259-8444
innotelco.net
Source: INNOTELCO INC
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