| | INNOTELCO Calls Board Meeting to Finalize Existing Contracts
Monday November 27, 8:30 am ET
Contracts Cumulative Value in Excess of USD$400,000 in Net Profit
TORONTO--(MARKET WIRE)--Nov 27, 2006 -- INNOTELCO, Inc. (Other OTC:ILCO.PK - News) today announced its Board of Directors is meeting to finalize all existing contracts. The Board meeting is scheduled to last 3 days and will include board members Yummin Zang from China and Ben Joseph Mohamed from North Africa.
Board Members Mohamed and Zang bring over 50 years' combined experience to the company to assist INNOTELCO in creating a bridge between Magreb countries and Chinese exporters looking to do business in this part of the world. Mr. Mohammed has over 30 years of experience in trading commodities in the Magreb countries (North African countries of Tunisia, Algeria, Sudan and Libya). Mr. Mohammed has extensive connections within the governments of these countries in addition to long-standing relationships with some of the country's leading businessmen. Mr. Zang brings to INNOTELCO over 20 years of experience in the oil and telecom sectors in China.
Radomir Popovic, Vice President of Sales and Marketing for INNOTELCO, stated, "These existing contract negotiations are extremely important for INNOTELCO. Directors Mohammed and Zang are of paramount importance to our business opportunities in this part of the world. Therefore, we have called this meeting which will last approximately 3 days. INNOTELCO is in a unique position to take advantage of extraordinary business opportunities."
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 fiber 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:
Empire Relations Group
Ken Maciora
CEO
516-750-9719
Email Contact
INNOTELCO, Inc.
Radomir Popovic
416-259-8444
innotelco.net
Source: INNOTELCO, Inc.
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