April 16, 2007 - 4:05 PM EDT
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NTTL 0.61 0.03
Today 5d 1m 3m 1y 5y 10y
Nettel Holdings Announces Financial Results and Forward Guidance
Fourth Quarter Revenues up 85% to $4.81 Million and Gross Profit Increases 265% Over Prior Quarter
Nettel Holdings, Inc. (OTCBB: NTTL) today reported its financial results for the three-month period ended December 31, 2006 and for the fiscal year.
Highlights of 4th Quarter
-- Revenue for 4th quarter up 85% to $4,811,345 compared to $2,607,133
for 3rd quarter.
-- Gross Profit for 4th quarter up 265% to $444,477.27 compared to
$121,654 for 3rd quarter.
-- Profit Margin for 4th quarter at 9% compared to 4.6% for 3rd quarter.
-- First back to back multimillion dollar revenue increases.
Highlights of 2006 revenues versus 2005
-- The Company\'s net revenues for the year ended December 31, 2006 were
$7,832,916 compared to $9,617,319 for the year ended December 31, 2005.
-- Gross margin was 9.0 percent of revenue for the telecommunication
sales for year ended December 31, 2006 compared to 8.7 percent for the same
period ended December 31, 2005.
-- Gross profit for 2006 was $702,161.
-- G&A was only $369,904 for 2006.
-- Net loss for the year was $783,527. Of which, $702,400 was a non-cash
charge for the market value of the Company\'s common stock issued to
engineers for their services during the year ended December 31, 2006.
-- There was a decrease in operating expenses of $1.159K for 2006
compared to 2005 as well as a decrease in R&D expenses of $1.399K over the
same period. Losses decreased due to these factors over $2,300,000.00 while
net revenues were $1,784,000.00 lower over the same period.
Significant strategic milestones achieved
-- The foundation was laid for the development of the Company\'s major
divisions, AVOP, Tougi, and Talking Technologies.
-- The Company has made significant progress in the development of Tougi
and Talking Technologies.
-- Day to day operations (sales and technical) of AVOP during the 4th
quarter have been transferred to a separate staff. This management transfer
allows Nettel Holdings to focus on the development of Tougi and Talking
Technologies.
-- Expansion and growth of our subsidiary companies has created a much
stronger and diverse company.
-- Nettel Holdings projects continued revenue and gross profit growth,
quarter to quarter.
-- AVOP has made significant progress in locating Qualified Suppliers.
-- The development of AVOP and Tougi continued in the first quarter of
2007.
-- Nettel has made a large investment in the 4th and 1st quarters to
implement procedures and train the sales and administration staffs.
-- The demand we are seeing from VOIP wholesalers is remarkable, and
further validates our business model as we strive to supply quality routes
for our customers.
-- We have succeeded in adding additional automatic back-up systems
and additional employees to support this unprecedented growth.
-- We have already made important gains in 2007, improving our business
fundamentals, and bringing us closer to our intermediate objectives.
-- The fourth quarter results reflect the hard work of each of
Nettel\'s diverse divisions and their combined efforts have helped to
achieve our first back to back multimillion dollar quarters.
Installation of our New Customer Service and Technical Support Call Centers in the U.S. and Vietnam have been completed.
-- We\'ve made significant new inroads in Vietnam for Talking
Technologies\' new Translator, SipZoo, and Tougi, with the strategic
reliance with HTD.
Here are some of the highlights of the new call centers:
-- Staffed by 16 fulltime, well-trained customer service, sales, and
technical support personnel who are available 24 hours a day, 7 days a
week.
-- The new call centers are well equipped with the latest computers,
telecommunication equipment, furniture and fixtures to support a staff of
over 200 customer and technical support personnel.
Looking ahead
Looking ahead we are on track for a productive rapidly growing year. Our long-term strategy is to remain focused on our core skills of providing telecommunication and software development services, and to seek opportunities for strategic partnerships in these areas.
With AVOP, Tougi, and Talking Technologies, we feel that we have created products and technologies that are cutting edge in the industry, and will bring a steep increase in revenue and profits to the company in the near future.
The successful reshaping of Nettel Holdings that has taken place over the past few months is essential to delivering Future value to our shareholders.
We see 2007 as a year of strong financial performance. Our company is well positioned for long term growth, and profitability, and we remain confident about the future prospects. We believe that the value of our technology will translate into both domestic and international sales growth over the next several years. We have created uniquely helpful products and services that have tremendous value in today\'s marketplace.
The rapid expansion of companies, as well as the innovative products created by Nettel Holdings, has created a much stronger and diverse company, positioning Nettel to benefit from the expansion of global communications in the years to come.
Contact:
Investor Relations
503-336-5098
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