PHBR
News:
September
6 - PhoneBrasil
Announces Pending Telecommunications Agreement with Latin American Government
PhoneBrasil International, Inc. (OTC:
PHBR) Anderson Dias, CEO of PHBR in his letter to shareholders stated:
Dear Fellow Shareholder:
As the CEO of PhoneBrasil International,
Inc. it is with a great deal of pride, enthusiasm, and excitement that
I report to you, for the first time, and I promise not the last time,
of the happenings in your company. I plan to announce the details of an
agreement with a Latin American Government Party on or before September
11th, 2007. PHBR is also planning its move to a higher exchange, preferably
OTCBB or AMEX.
Back on June 20th 2007 I announced, “PhoneBrasil
Receives Certification from Brazilian Government and Transfers/Registers
New Licenses in Record Time.” Management believed that it was of utmost
importance to utilize maximum effort in order to insure that PHBR attained
its stated goals. Through that effort we were able to obtain, in record
time, the issuance of licenses, certifications, and corporate documents
from the Brazilian Government in order to have them registered in the
public company, “PhoneBrasil International, Inc.” Accordingly, many small
& midsized communication companies in Latin America desirous of doing
business in Brazil have chosen, on a fee basis, to do business under PhoneBrasil’s
licenses.
The fact that Carlos Slim, whose telephone
monopoly in Mexico helped make him the world's richest man, is looking
to the fast-growing Brazilian market to add to his wealth, (http://www.iht.com/articles/2007/08/23/bloomberg/bxslim.php)
reinforces PhoneBrasil's belief that it is in the right place at the right
time to take advantage of the rapid growth in the Latin Telecommunications
Market.
The Company has the ability to provide
its customers with up to 900 million minutes of telecommunication per
month through its Miami based offices. At maximum capacity, this would
equate to $160,000,000.00 worth of billing for the minutes & traffic per
month. Moreover, for the twelve month period ending at the end of the
third quarter 2008, the Company projects revenues from its wholesale/retail
activities will reach $140,000,000. PhoneBrasil’s core business alone,
together with existing contracts, on an annualized basis, is expected
to produce an EBITA of $1.70 per share.
Lastly, the signed agreement with CityNet
Wireless, to partner the building of a $1.2 Billion communication platform
in Brazil is the final step in the Company’s quest to become a major force
in the South American Telecommunications market.
PhoneBrasil International is in the culmination
of years of effort expended by your management team in developing the
associations necessary to permit PhoneBrasil to experience its rapid growth
rate. Your management teams looks forward with unbridled enthusiasm to
the future for PhoneBrasil and is confident that the high benchmarks set
by management will not only be met but surpassed.
In closing, you can be sure that
the established company policy to keep Shareholders fully apprised will,
without fear of contradiction, be fully and unequivocally adhered to.
|
