 |
Press |
|
|
|
| |
Vistula Communications
Services, Inc. Announces the Signing of Saigon Post and Telecommunications
Services Corporation for implementation of Vistula’s V-Cube™
VoIP platform in Vietnam.
For Immediate Release
New York – October 19, 2005
Vistula Communications Services, Inc. (“Vistula”)
announced today that it has signed a pilot Contract with Saigon
Post and Telecommunications Services Corporation (“SPT”)
for the implementation of Vistula’s V-Cube™ VoIP
platform in Vietnam.
Following installation and testing by SPT, Vistula has now entered
into an agreement under which SPT will implement V-Cube™
as the engine delivering a range of VoIP telephony services
to the Vietnamese market. Initially Vistula and SPT have signed
a pilot license agreement under which SPT will conduct a pilot
program with a group of selected customers in Ho Chi Minh City.
As soon as the pilot programme has been successfully completed,
Vistula and SPT will enter into a full contract under which
SPT will market Vistula’s VoIP services to its extensive
existing client base as well as to new business and residential
end-users. SPT will launch the pilot service in November 2005
and expect to move to full launch by January 2006.
Trinh Dinh Khuong, Director General of SPT said, “Our
engineers have been most impressed by the technical capabilities
of the V-Cube™ platform. We are proceeding with a soft
launch in November with a group of business enterprise customers
in Ho Chi Minh city, followed by a full roll out in January
2006. SPT intends to target both domestic customers in Vietnam
and overseas Vietnamese businesses who will subscribe to the
VoIP product suite. High speed Internet access is growing rapidly
in the region and V-Cube™ should become a significant
core product for SPT. “
When SPT launches the full service in January 2006, the company
intends to market Vistula’s IP product suite to 500,000
business and residential users in Vietnam. At the same time
SPT will market to Vietnamese enterprises in the United States,
Europe and the Far East so as to create a common domain for
all Vietnamese users."
Rupert Galliers-Pratt, Chairman and CEO of Vistula, said, “SPT
is a major telecommunications company in Asia and as our first
installation of V-Cube™ with a national PTT in their home
market, this contract marks a significant step forwards for
the company.”
About SPT
Established in the mid 90s and after ten years of business operation
and growth, SPT has successfully built up its brand name in
the domestic and international post and telecom markets. SPT
is one of the three leading post and telecommunications carriers
in Vietnam. SPT offers a wide range of services from building
and operating national VoIP and mobile networks to providing
posts and telecommunications.
About Vistula
Vistula is a telecommunications company providing hosted, managed
VoIP (Voice over Internet Protocol) services to carriers, service
providers and transit network operators. Vistula features solutions
that enable telecommunications providers to rapidly deploy VoIP
services over converged infrastructure through an integrated
applications suite. Vistula have already signed Telstra Global
business unit as their first customer and other international
carriers and ISPs have installed [and are currently testing]
the V-Cube™ platform. Vistula trades on the OTCBB under
the symbol: VSTL.
"Forward-Looking Statements''
This press release contains certain forward-looking statements
within the meaning of the "safe harbor" provisions
of the Private Securities Litigation Reform Act of 1995, which
reflect management's expectations regarding future events and
speak only as of the date hereof. Our actual results, performance
or achievements may differ significantly from the results, performance
or achievements discussed in or implied by the forward-looking
statements. Factors that could cause such a difference include
material changes in our business or prospects, difficulties
obtaining financing to fund our operations, failure to establish
brand recognition for our products, failure to retain existing
customers or attract new customers, failure to compete effectively
in our industry, general market and economic conditions, and
other factors that are detailed from time to time in Vistula’s
SEC reports, including those detailed in our Annual Report on
Form 10-KSB for the fiscal year ended December 31, 2004. Vistula
disclaims any intent or obligation to update any forward-looking
statements.
- END -
 |
|
|
|
|
