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Interlink Global Announces Signing of Four Additional Wholesale Contracts and Infrastructure UpgradesOctober 19, 2005 |Press Release
Contracts Expand Company's Gross Revenues by $500,000 per Month
MIAMI--Oct. 19, 2005--Interlink Global Corp., (OTC:ILKG - News), today announced that it has executed and begun the implementation of four contracts to provide wholesale VOIP telecom services to customers located primarily in the Middle East and Asia. Total gross revenues generated by these contracts for the Company, when fully implemented in October, will be in excess of $500,000 per month, or in excess of $6,000,000 per annum.
These contracts include a contract with Sitara Telecom which services India and Syria; Veleo Solutions, which services India and Bahrain and XO Communications servicing the United States. These contracts continue the expansion of the Company's wholesale business through its wholly owned subsidiary, Interlink Global Communications.
In describing these contracts, Mr. Siba Padhi, Executive Vice President of Interlink in charge of the wholesale business stated: "These three contracts represent a continuing expansion of our wholesale area. We are especially pleased that the contracts raise our profile in the Asian and the Middle Eastern markets, to go along with our traditional base located in Latin America. In anticipation of the signing of these contracts and expanding our wholesale business, we have completed major upgrades to our telecom infrastructure located in Miami and New York. Our systems are now capable of handling over 60 million minutes per month which represents gross revenues to the Company of over $2 million per month. We anticipate that our present infrastructure will handle the needs of the Company and its clients for the foreseeable future. By keeping our direct overhead as low as possible, and in investing in upgrading our technology, we have been capable of offering the finest in VOIP services at rates substantially lower than offered by our competitors."
Anastasios N. Kyriakides, Chairman of the Board and CEO of the Company, added: "Our Company's strategy now includes three distinct areas. Our wholesale business continues to expand at a rapid pace under the direction of Mr. Padhi, and we expect that we will be generating gross revenues in this subsidiary in excess of $1 million per month by the end of this year. We continue our development of VOIP projects through joint ventures in Latin America, Europe and the Middle East that includes engineering services, infrastructure support, and providing the expertise to make these projects a success. These projects are more time intensive but represent our highest margins as these projects mature. Finally, as we recently announced, we have expanded our services to the retail customer markets through marketing arrangements in Latin America and Asia which allows us to provide our infrastructure and expertise to local providers of VOIP services to individual households and small businesses, while avoiding the substantial overhead due to customer support and billing that are handled by our local partners. We are also in advance discussions on several acquisitions in these three areas that will add to our overall market penetration and our increasing growth rate. We will announce these acquisitions as the current negotiations result in the execution of definitive agreements."
About Interlink Global
Interlink Global (OTC:ILKG - News), 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 and South America, Asia, the Middle East and Europe. 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 "believe", 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.
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Contact:
Interlink Global Corp., Miami
Stephan M. Gardner, 305-261-2007
http://www.Interlink-Global.com
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