Business Services Industry
Tricell Inc. Unit Announces Virtual Service Provider 'VSP' Progress
Business Wire, Jan 19, 2005
STOKE-ON-TRENT, England -- Tricell Inc. (OTCBB:TCLL) announced today that its UK subsidiary, Tricell Distribution Limited, has made a significant advance with its Virtual Service Provision agreement with AST Airtime Ltd. AST, trading as G. Comm, is a Gardline Group Company which operates as a full mobile Service Provider for Vodafone.
This agreement has allowed the Company to generate revenues on all connected clients access charges (line rentals) and call charges. Additionally, the Company can grow the customer base of 80,000 by connectivity to the Vodafone network. This generates an increased profit margin in the region of 4% on a turnover of $22 million for the distribution division.
Statements in this press release regarding Tricell's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
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