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ATCTs Asian Operations, 7123000.COM, Signs MOU to Acquire Majority of Star Point Networks
Affordable Telecommunications Technology Corp. (Pink Sheets: ATCT) (www.atct.us) announced today that 7123000 ( www.7123000.com ), its sales and distribution operation in Asia, has signed a Memorandum of Understanding to acquire of a group that includes Star Point Networks.
Houston, TX (PRWEB) June 17, 2005 -- Affordable Telecommunications Technology Corp. (Pink Sheets: ATCT) (www.atct.us) announced today that 7123000 ( www.7123000.com ), its sales and distribution operation in Asia, has signed a Memorandum of Understanding to acquire of a group that includes Star Point Networks.
About Star Point Networks
Star Point was formed through the acquisition of Corbin Networks and M S Benbow & Associates which have over 20 years of telecom operating experience. Star Point Networks provides service over a network that includes over 1,000 microwave towers, fiber optic backbone routes, national Points of Presence (POPs), and an IP gateway switch. In partnership with AirTegrity, Star Point provides WiMax capability. Details can be found at http://www.7123000.com/download.htm
ATCT
ATCT provides a broad range of telecom services to the prepaid and postpaid market. It is developing a robust sales and distribution network in rapidly growing Asian markets through its subsidiary, 7123000.COM, and in partnership with US Telesis and Teledata Solutions Inc. Steve Bethke, President of ATCT, said We are excited about the capabilities and reach of Star Point, and expect to conclude an agreement after a 30 day due diligence" period."
Safe Harbor Statement
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.
Contact:
Affordable Telecom
Steven Bethke, 832-814-0673
info@atct.us
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