Telatinos Inc Forms New Subsidiary28 December 2004
Telatinos Inc. (OTC:TLTA - News), a Latin American VoIP and communication service provider, today announced that, with the infusion of new capital from an investment group, the Company has formed a majority owned subsidiary. The new subsidiary, 75% of which will be owned by current Telatinos shareholders and 25% of which has been purchased by the new equity investment, is to be named IPxes Inc (Nevada). In addition to this equity investment, the investors have additionally purchased a "3 Year springing option" to acquire Telatinos 75% share of the subsidiary in the event of a material change of control of the Parent.
About IPxes Inc
IPxes is a business class, highly scalable communications service that provides Broadband data, voice and wireless service using multiple integrated T-1 lines with a layer 2 private network. Our proprietary technology and integration provides SME customers with dedicated Internet access, customizable business solutions for voice, data, wireless and Internet, and secure communications channels between the SMEs' offices, partners, vendors, customers and employees without the use of a firewall, or encryption devices. IPxes has a growing network presence in South America, including network facilities in Brazil, Colombia, Costa Rica, and main operations in Miami, Florida. IPxes' proprietary technology, XRF link®, remote network locations may be connected through IPxes' network, enabling secure and direct transfer of communication, documents, databases, and virtually any other information between a client's headquarters and its remote locations. Each location is provided with dedicated access and extended services with maximum efficiency. The XRF link solution allows data to be delivered at the fastest and most efficient speeds available today. In addition, unlike traditional encryption-based virtual private network technologies, XRF link avoids the use of the public internet for transferring secured information between locations. Secured information travels on a private network. IPxes clients experience the highest level of security and efficiency.
About Telatinos Inc.
Telatinos is a Latin American based telecom equipment and facilities provider offering full-featured, cost-effective, high-quality local, long distance and international telephone services -- including 911 and E911 -- to both businesses and private residences in Latin America. The Company's products include modular, open and highly focused access and core VoIP network products, supporting a wide variety of VoIP-based applications, including voice access, network peering and control, Class-5 long distance, prepaid calling card, rural telephony and hosted enterprise applications. Learn more about our Company at www.telatinos.com
Forward Looking Statement
This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including: business and economic conditions and growth trends in the VOIP industry and Latin America; in the geopolitical environment; overall information technology spending; the growth of the Internet; levels of capital spending on Internet-based systems and other risk factors. Telatinos results of operations are not necessarily indicative of Telatinos operating results for any future periods.
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Contact:
FOCUS Partners LLC
Alison Taylor Hart, 212-752-9445
ah@focuspartners.com
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Source: Telatinos Inc.
Source: Business Wire via Yahoo
All trademarks and copyrighted information contained herein are the property of their respective owners.
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