Spantel Growth in Revenues Continues
July 29 2004 - 11:14AM
PR Newswire (US)
Spantel Growth in Revenues Continues FUENGIROLA, Spain, July 29
/PRNewswire-FirstCall/ -- Spantel Communications, Inc. (OTC:SPAL)
(BULLETIN BOARD: SPAL) , a provider of telecommunications services
within Spain, announced today that sales for the quarter ended June
30, 2004 were up 16% to $4,989,162 versus $4,316,533 for the same
period in 2003, with a net profit of $210,010 and $440,367
respectively. In the first six months sales were up $1,921,080 and
net profits rose by $230,691 versus the first six months of 2003.
Spantel's president, Jose Ramon Basterra, said, "We are very
pleased that we have again realized double digit growth in sales
and saw an increase in our margins, both of which have been
fundamental to our profitability over the last seven quarters.
Since the first of this year we have incurred increased expenses as
a direct result of our implementation of expanded services and
introduction of additional new products with only marginal impact
to our profitability." Mr. Basterra went on to say: "In order to
remain competitive, retain customers and increase market share, we
are focusing resources on increasing our product lines and services
to meet our customers needs. Customers are demanding convenience,
quality, a broad selection of goods and services from their
telephone carrier, and we are committed to meeting the needs of our
market." To learn more about Spantel, visit the Company's website
at http://www.spantel.es/. Except for historical information
contained herein, the statements in this release are
forward-looking and made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties, which may cause the Company's actual results in
future periods to differ materially from forecasted results. Those
risks include, among other things, the competitive environment in
the telecommunications industry in general and in the Company's
specific market areas, inflation, changes in costs of goods and
services and economic conditions in general. Those and other risks
are more fully described in the Company's filings with the
Securities and Exchange Commission. Contact: Spantel
Communications, Inc. Mr. Robert Carlin +34.952.66.93.29 &
+34.607.514.906 This release was issued through eReleases(TM). For
more information, visit http://www.ereleases.com/. DATASOURCE:
Spantel Communications, Inc. CONTACT: Mr. Robert Carlin of Spantel
Communications, +34-952-66-93-29 or +34-607-514-906, Web site:
http://www.spantel.es/
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