Asia Telecom Speak To Concerned Shareholders
NEW YORK, NY -- Asia Telecom Ltd. (PINKSHEETS: ATLJ) (FRANKFURT: HZK) would like to clarify the concerns of numerous shareholders over the share structure of the Company.
The Company’s share structure is as follows:
Authorized Shares: 500,000,000
Outstanding Shares: 325,112,508
Vice President Mike Palmer stated: “We felt it necessary to advise our shareholders once again that the information available concerning our share structure is true and accurate. Having said this, we are anticipating that our current and upcoming projects will result in earnings of $0.01 per share or better.”
About Asia Telecom Ltd.
Asia Telecom, Ltd. intends to become a VOIP telecommunications company with a strategic focus on establishing and maintaining operations in Central Asia and Eastern Europe.
Safe Harbor Statement
The preceding includes forward-looking statements, which involve known and unknown risks, and uncertainties, which may cause the company’s actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company’s reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company’s products and services, competition, new products and technological changes, as well as any and all “other risks” associated with business.
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