Give a glance at Best Voip Provider's Internet casino game pages. We are
dedicated to making your acquaintance with online casino games as
exciting and rewarding as possible. The gambling websites listed here
not only combine cutting-edge software and the most advanced security
measures available on the net, but also kind customer service. Thousands
of ardent poker games fans have already thanked us for the popular
poker rooms we've listed here. And, if it is exclusive quality and
reliability that your looking for, we advice you to check out our bingo
games section. Whatever your heart desires, we've got it! So, don't
hesitate any longer. You are just one click away from the online gaming
realm where the incredible action will sweep you of your feet!!! |
|
Interlink Global Corp. Completes Acquisition of Wholesale VoIP Provider26 August 2005
Interlink Global Corp. Inc. (OTC:ILKG) - http://www.interlink-global.com - today announced that it has acquired 100% of the stock of Assai Inc., a New Jersey based wholesale Internet VoIP provider. The company is presently moving Assai's operations and management team to the offices of Interlink in Miami, and has changed the name of Assai to Interlink Global Communications Inc. The purchase price consisted of the Assai's shareholders receiving 1 million shares of Interlink's restricted stock, with the right to earn an additional 1 million shares of restricted common stock if the subsidiary achieves its 2005 and 2006 projections.
Assai Inc., which was formed in 2003, provides Internet wholesale VoIP minutes, (traffic) to major international customers including Jaina Systems in the United States, BD Cell in India, Asia Digicel: in India, Amar Phones in India, Buy VOIP in India and Kharafi National in the US and India. The Company's present wholesale traffic is over 12,000,000 minutes per month.
The former CEO of Assai, Mr. Siba Padhi, will head Interlink Global Communications Inc., the wholesale division of Interlink Global. In the past, as C.E.O. of Siday LLC, a global investment and consulting firm, Mr. Padhi raised over $80 Million for management buy-outs and new ventures, some of them within the VoiP industry. Most recently, he founded Assai, Inc., which is a VoiP carrier involved in wholesale termination of international traffic. Mr. Padhi will serve as Executive Vice President and Chief Technology Officer of the parent, Interlink Global Corp., while continuing to run the day to day operations of Interlink Global Communications Inc.
Prior to joining Interlink, Mr. Padhi spent over 15 years as an executive of a variety of multi-national companies in the U.S.A., the Philippines and India in the technology and telecommunications services industries. Mr. Padhi was Director of Finance for ConEdison Communications Inc. in New York, and C.E.O. of the Philippine Telecom's division in India. Mr. Padhi holds degrees from the London School of Economics, NY University's Stern School of Business and HEC in Paris, and holds an MBA from the Asian Institute of Management.
Interlink Global Communications will now manage the wholesale VoIP operations of the entire Interlink family of corporations and joint ventures. The Interlink wholesale operations, which represent the high volume low margin business of Interlink, are projected to generate gross revenues of $3,378,500 prior to the end of 2005 with a profit contribution of $27,320. Gross income for this subsidiary is projected to increase to $22,005,000 in 2006, with a profit contribution of $450,700.
Mr. Padhi in discussing the acquisition of his company and the joining of Interlink's senior management stated: "I believe the combination of Assai's wholesale operations with the core international business of Interlink is ideal, since it results in the combination of our high volume and low margin VoIP business, with the lower volume but much higher margin business which is the core of Interlink's operations. We felt that the combination would result in a substantial higher valuation for our shareholders than remaining an independent entity, and therefore that is the reason that we opted to exchange stock with Interlink as opposed to accept a cash purchase price. We have several pending international contracts, which we will be finalizing in the next few weeks, and will also be pursuing several wholesale opportunities that Interlink has not been pursuing vigorously because of its rapid expansion.
Mr. A. Kyriakides, Chairman and CEO of Interlink Global Corp. stated: "We are happy to have completed the acquisition of Assai today, and to have a man of Mr. Padhi's quality and credibility join our senior management team. This acquisition fulfills part of our strategic business plan which is to offer numerous services to our international clients from as simple as providing wholesale minutes to as complicated as providing Wi-Fi and VoIP telecom services to specific cities throughout the world. We also believe that the cross marking opportunities are tremendous for both operations, and we intend to pursue more specialized telephony service and expanded relationship with many of Assai's existing and pending customers."
Because of the completed acquisition and other announced contracts, the management of Interlink has increased its projections for 2005 gross revenues to $5,220,500, with net profits of $236,820, and has increased 2006 projections to $35,115,000, with net profits of $3,051,700.
The Company will be discussing the acquisition and the upward revision of its projections for 2005 and 2006 in its previously scheduled conference call with the brokerage and investment community, which is being held today at 4:15 PM EST.
Interested parties may hear the conference call by telephone.
Instructions for hearing the conference call:
To hear the conference call as it takes place:
Call 1-800-434-1335 in the United States or Canada or;
Call 1-404-920-6620 in the Atlanta Area or Internationally
Pin Code: 628220
Exclusive:
For Expedited Entry into the Conference, please register via this link
for your Direct Access 800 number
http://www.AccuConference.com/ILKG
To hear a recording of the call (available for 30 days immediately
following the conference call):
Call 1-800-977-8002 in the United States or Canada or;
Call 1-404-920-6650 in the Atlanta Area or Internationally
Pin Code: Press the star key then 628220
About Interlink Global Corp.
Interlink Global, founded in 2002, provides telecommunication solutions around the world. As a leader in hosted VoIP telephony services, Interlink Global is currently doing business in North America, South America/Caribbean, and soon in the Middle East. Interlink Global provides SIP-based broadband telephony solutions, WiFi, WiMax, Marine Satellite Services, calling cards, and other enterprise services internationally. Interlink Global, using VoIP technology, provides long distance telephone services, with full features, at prices that are greatly reduced in comparison with traditional telephone companies. For more information about Interlink Global's products and services, please visit http://www.interlink-global.com.
Forward-Looking Statements:
This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
Related Voip Articles
|
|
|
