All America Receives Letter of Intent For Major VoIP Telephony System Installation in WorldTradeShow.com's 650 Vietnamese Intern
November 17 2003 - 7:56PM
PR Newswire (US)
All America Receives Letter of Intent For Major VoIP Telephony
System Installation in WorldTradeShow.com's 650 Vietnamese Internet
Cafes VANCOUVER, Nov. 17 /PRNewswire-FirstCall/ -- All America
Casting International Inc. (Symbol: AMEI-OTC-Pinks-BB) is pleased
to announce that it has received a Letter of Intent (LOI) from
WorldTradeShow.com Inc. (OTC-WTSW) to be the exclusive marketer and
distributor of its broadband VoIP (Voice over Internet Protocol)
telecom technology to a major, initial sector of its Vietnamese
enterprise clients. (See WTSW Release dated November 13th, 2003.)
WorldTradeShow.com has a strong relationship with the Vietnamese
government and has the exclusive global marketing rights for
communications in Vietnam. All America will now create a staging
platform for WTSW to promote, market and sell a selection of
telecommunications solutions throughout Vietnam. This system will
be configured to both place and receive calls. AMEI will provide
the necessary hardware and software for WTSW to implement the VoIP
calling system throughout their 650 Internet Cafe network. AMEI is
now establishing a link between Vancouver, Seattle, San Diego and
Ho Chi Minh City for the initial phase of VoIP system testing. AMEI
expects that its Vietnamese Internet Cafe VoIP system, together
with bundled discounted long distance packages will generate up to
$ 24 million USD in the initial year of operation. WTSW has an
additional 10,000 Vietnamese business users in the hotel,
restaurant, university and other sectors seeking to efficiently
integrate voice, video, fax and data traffic while maintaining
lower broadband costs. The Vietnamese economy is one of the fastest
growing in the world. AMEI and WTSW have chosen the Internet Cafe
market sector in Vietnam because the Cafes have become
communications centers for millions of Vietnamese people who don't
have access to the Internet at home. "We're extremely excited about
providing this advanced technology to our venture partners,
WorldTradeShow.com, a company which has developed extremely strong
ties in one of the world's hottest economies. It's a two-tier
opportunity, with immediate revenue from the Internet Cafe network
with a long term growth potential among the other sectors of WTSW's
client base in Vietnam," stated Richard Kipping, Chairman and CEO
of All America. WorldTradeShow.com Inc. is a leading edge online
tradeshow and marketing company delivering real-time Virtual
Tradeshow experience via the Internet. Its web portal contains a
comprehensive database of tradeshows, conventions and expositions
worldwide. It has offices in the U.S., Mexico and Vietnam. All
America Casting International Inc. is a broadband VoIP telecom
company offering local and long distance services and video on
demand to residential and commercial clients. For more information,
please call Richard Kipping 604-723-8750 or Paul Davey at
604-669-2850. (Correction at Source: See AMEI Press Release dated
November 5th, 2003) The monthly gross revenue figure originally
stated for the 6500 committed subscribers of AMEI's acquiring of
Faubourg Voice Video and Data Inc. was incorrectly given at $
140,000 Cdn. per month. This figure should have read: $ 640,000
Cdn. per month for a gross annual total of $ 16,800,000 Cdn.
DATASOURCE: All America Casting International Inc. CONTACT: Richard
Kipping, 604-723-8750 or Paul Davey at 604-669-2850
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