TO ALL: News
Thursday September 12 3:26 PM EDT
International Standards Group, Ltd. Signs $6 Million Telecom Contract With Central American Bank
BOCA RATON, Fla., Sept. 12 /PRNewswire/ -- International Standards Group Ltd today announced that its wholly owned telecommunications subsidiary,
Total World Telecom (TWT), signed a multi-year agency agreement involving a major Central American banking institution valued in excess of $6 million per
year in new annual revenues beginning the month of November, 1996. The contract will provide the banking institution with an international Debit Card
platform whereby the bank will order debit cards on a monthly basis and remit payment to TWT before the cards are activated for usage.
"Revenues from this contract will continue to grow to an expected $500,000 per month base by early 1997," stated Arnold Salinas, executive vice president
of sales for TWT. "Also, because the contract was negotiated through a new San Jose, California based reseller customer, we expect our new client to offer
their domestic customers all of the product lines that TWT provides including l+, 1+800, credit cards, international calling and local service when it becomes
available. Therefore, we project that revenues from this contract will far exceed the $6 million level during 1997."
"This contract is further evidence of TWT's ability to attract new international business," stated Joseph Lents, chief executive officer of International
Standards Group. Combined with our recently publicized South African hotel contracts, which now involves 15 more hotel sites for a total of 26 hotel sites,
management fully expects that TWT will exceed its current projections of $150 million in revenues in calendar year 1997 on a profitable basis.
"Stockholders can look forward to growth in revenues," said Lents. "By fiscal year end, shareholders can also expect the continuation of our plan to separate
ISG's real estate and mortgage subsidiaries allowing the company to further commit itself to the business of telecommunications."
Greets,
Max Ghellere |
