MIAMI, June 15, 2015 /PRNewswire/ -- TelcoCuba, Inc.
- OTCPK: SUGO. A U.S. publicly traded telecom and
internet solutions provider seeks to offer telecommunication
services to and between The United
States and Cuba.
"The warming of political and financial ties between
the United States and Cuba has created the opportunity of the
century. TelcoCuba, under the first commercial accord
realized since the December rapprochement between the two nations
is poised to capitalize on the current business climate," TelcoCuba
said proudly today.
The United States based
TelcoCuba, Inc. reached an agreement with American Mineral Group,
Inc. (OTCPK: SUGO) whereby, TelcoCuba, Inc. became the largest
shareholder of American Mineral Group, Inc. Accordingly, the
change in direction of the company will accompany the name change
of American Mineral Group, Inc. to TelcoCuba, Inc. Under the
new agreement, the board members and directors of American Mineral
Group, Inc. have all resigned. Under the reverse acquisition
agreement, the shares of the new entity are available to be
purchased electronically, effective immediately. The ticker
symbol will remain the same, "SUGO" currently trading as an
OTCPK.
No splits of any classification of share of the company are
required under the agreement.
William J Sanchez president and CEO of TelcoCuba states
"Effectively immediately, the officers and directors of American
Mineral Group/CAERVISON have resigned. We wish them well on their
new endeavors." He further states "We are at the forefront of a new
frontier in telecom. The Cuban market has a population of 11
Million, 1 in 6 has a communication device. Cuba is the largest, untapped market in our
hemisphere. Additionally, there are millions of Cuban
Americans living in The United
States that are seeking lower cost and easier connectivity
solutions with the more than 11 million on the Island nation." Mr.
Sanchez continues "TelcoCuba under the management of Amgentech has
the experience and support needed to connect The United States and Cuba. Our
philosophy for rolling out our services, while conservative is
aggressive and positions TelcoCuba to be at the forefront of the
opportunities afforded by the rapprochement between the governments
of The United States and
Cuba."
Further, TelcoCuba states "We have and are in the process of
identifying and forming partnerships with reciprocal businesses in
Cuba. This is made possible by the historic announcement on
December 17th, 2014 by The
U.S. President, Barack Obama and his
Cuban counterpart Raul Castro that
they would restore diplomatic relations."
"The re-establishment of direct communication between
the United States and Cuba will help offer greater ease and quality
of communications between the people of both nations," TelcoCuba
said in a statement.
TelcoCuba announced that it is working with the office of
foreign assets control 31 CFR Part 515 Cuban Assets Control
Regulations to file the required license. (OFAC)
For further information and details on the roadmap that
TelcoCuba has laid out for the next six months, please go to
http://TelcoCubareport.com
About TelcoCuba, Inc.: Founded in 2001, Amgentech - the
parent company of TelcoCuba has been providing telecommunication
and internet based solutions and services for over 14 years.
Amgentech has generated over 7 million
dollars in revenue. TelcoCuba is launching best of
breed communication services including, but not limited to
VoIP, Calling Cards and direct SMS messaging in the US and between
the US and Cuba. For more
information visit (http://www.TelcoCuba.com &
http://pr.TelcoCuba.com)
Safe Harbor Act: Forward-Looking Statements are
included within the meaning of Section 27A of the Securities Act of
1933, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements regarding our expected future financial
position, results of operations, cash flows, financing plans,
business strategy, products and services, competitive positions,
growth opportunities, plans and objectives of management for future
operations, including words such as "anticipate," "if," "believe,"
"plan," "estimate," "expect," "intend," "may," "could," "should,"
"will," and other similar expressions are forward-looking
statements and involve risks, uncertainties and contingencies, many
of which are beyond our control, which may cause actual results,
performance, or achievements to differ materially from anticipated
results, performance, or achievements. We are under no obligation
to (and expressly disclaim any such obligation to) update or alter
our forward-looking statements, whether as a result of new
information, future events or otherwise.
William J Sanchez – Email – 305-747-7647 –
http://www.TelcoCuba.com – http://www.amgentech.com
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SOURCE TelcoCuba, Inc.