US National Telecom (Yi Wan Group: YIWA) Acquires Vitelity VoIP Communications
Denver, CO (PRWEB) September 5, 2007 -- US National Telecom (Yi Wan Group; Symbol: YIWA) announced that Vitelity Communications will become a subsidiary of US National Telecom, the operating name of Yi Wan Group, Inc.: YIWA. The valuation of Vitelity was in excess of $1.2 million, paid for with a combination of cash, notes and shares of stock.
Vitelity is a high-growth acquisition for YIWA. Vitelity has doubled its sales revenue in the last 12 months, and now has monthly revenue of more than $109,000. According to President Brian Ford, ?Vitelity is growing rapidly with annual revenue of more than $1,250,000 and sales revenue is projected to increase an average of five percent monthly.? If the Company achieves its goals, annual revenue for the following 12- months would exceed $1,700,000.
About USNT ? Yi Wan Group
US National Telecom, the new operating name for Yi Wan Group, Inc. (Symbol YIWA), is an aggressive new generation telecom company seeking to grow rapidly through acquiring small wholesale VoIP companies, providing management and capital to achieve marketplace dominance. Headquartered in Denver Colorado?s high-tech Denver Tech Center, YIWA is a publicly-traded company, symbol YIWA, and plans to change its name to US National Telecom when practically possible. Contact Monica Williams, Public and Investor Relations at mWilliams @ USnationalTelecom.com. Investor information at: www.USnationalTelecom.com
About Vitelity
Vitelity, formed in 2003, is a leader in the VoIP market space, providing wholesale VoIP services to thousands of subscribers and VoIP telecom companies. Wholesale services include managed PBX, hosted PBX, telephone numbers, termination of VoIP voice traffic to the PSTN. www.vitelity.com
Safe Harbor Statement: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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