ETLK REPORTS 18%
INCREASE IN REVENUE
UNDERVALUED?
CLICK BELOW TO LEARN MORE
QUOTE
| PRESS
RELEASE |
SEC
FILINGS
REVENUE
Today reported an increase of 18.2% in revenue or $2,947,878, for the
first quarter 2002, as compared to $2,493,188 Q1, 2001. The Per-share
earnings for Q1 2002 remained inline with Q1 2001 at a loss of one cent
per share.
The market in China is the world's fastest growing telecommunication
market. With an office in Cerritos, CA. and an affiliate in Boston, MA.
ETLK is a leading telecommunications company with corporate owned
international gateway digital switching facilities in China, Hong Kong,
U.S., Taiwan and Singapore. These facilities have the capability of PRI,
C7, SS7 and other signaling commonly used by major international carriers.
This allows ETLK to operate international telecommunications services on
both sides of the Pacific to over 220 foreign destinations.
RECENT
ACQUISITIONS
GridTel.Net has points of
presence (POPs) assets in Kathmandu, 2 sites in Bangladesh, Indonesia,
Mongolia, Bangkok, Mumbai, Dehli, Manila, and Cambodia. The company has
strong relationships with local ISPs and international carriers in the
Indo-China and South Asia regions, and provides direct routes to Nepal,
India, Bangladesh, Indonesia, Singapore, Cambodia, Laos, Pakistan and the
Philippines. GridTel.Net records over 10 million calling minutes per month
and is a holder of an External Telecommunications Services (ETS) license in
Hong Kong. GridTel's projected annual revenues for 2002 are US$24 million,
with approximate annual gross profit of US$1.44 million.
TOTAL TELCOM
PRESENCES
They enable
telecommunications carriers and other service providers the ability to offer
long distance voice, data, fax, and VOIP services to their end-customers,
through an advanced and scaleable network.
ETLK has points of presence (POP) in locations where most major
international carriers are located (New York City, Boston and Los Angeles ),
which enables the Company to have easy access to its customers, as well as
the most competitive international termination rates in the world. The
Company's operations employ advanced systems including call collection and
call data storage linking to a proprietary reporting system which permitting
management to determine the profitability margins by destination country, by
customer, as well as for overall daily operations.
INVESTMENT
HIGHLIGHTS
-
The Gartner Group estimates the
global telecommunications market is projected to reach approximately
US$1.9 trillion by 2003.
-
Globally, Voice over IP (VOIP)
traffic was responsible for a record-setting 7.7 billion minutes in 2000,
and the market is still in its early stages. It is expected to grow
dramatically, to 500 billion minutes by 2005.
-
ETLK also has
expanding networks and agreements with AT&T, MCI Worldcom Inc., Global
Crossing, New World Telephone, Wharf New
T&T, Worldcom Asia Pacific, Great
Wall Broadband.
-
ETLK's 2002 revenue
porjections is USD $20 million.
-
ETLK has agreements
with their major carriers and opening new routes, Indonesia, Vietnam and
Cuba. This will add to their revenue with less cost.
-
ETLK’s market cap
is currently less than their sales revenue.
CONTACT YOUR BROKER NOW!
ETLK
has shown excellent business execution despite the tough economy and has
maintained a significant cost advantage over the competition and
been achieving its objectives in a consistent and superlative fashion
resulting in more than an
18%
growth in
1st
quarter
2001. Call your Broker
Now!
Disclaimer
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electronic dissemination of the information contained in this notice. MW&L
has received A) 100,000 shares of ETLK common stock restricted, Rule 144,
and B) Cash Payment of $20,000. MW&L did not receive any other
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