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Business Services Industry
Cordia's Brazilian Subsidiary, Cordia Comunicacoes S.A. has been granted a VoIP License by the Brazilian Telecommunications Agency
Business Wire, July 7, 2008
Cordia to offer national and international services throughout Brazil
WINTER GARDEN, Fla. & SANTA CATERINA, Brasil -- Cordia Corporation (OTCBB: CORG), a global communications service provider of traditional CLEC and Voice over Internet Protocol ("VOIP") technologies announced today that Cordia Comunica[?][?]es S.A., its subsidiary in Brazil, has been granted a Servi[?]o de Comuni[?]ao Multimidia ("SCM") license by the Brazilian Telecommunications Agency ("ANATEL"). SCM is a fixed telecommunications service that allows the emission and reception of multimedia information such as voice, data and image using any means. The license allows Cordia to offer broadband Internet telephony ("VoIP") and value-added services, including its Magellan[TM] service line, internationally and domestically throughout Brazil, targeting small and medium businesses and residential customers.
Peter Collins, President of Cordia Comunica[?][?]es stated, "The soft launch of our VoIP offerings in Brazil, through a resale arrangement with another carrier, was met with great enthusiasm in Brazil. Customers are looking for a way to avoid the unusually high cost of traditional landline telecommunications in Brazil. The savings sought by the Brazilian consumer along with the rapidly growing levels of broadband penetration in Brazil gives us a great opportunity for growth. The license allows us to provide voice, data and other value added services over our own network, reducing our reliance on others and reducing costs associated with selling another carrier's service. With the issuance of the license we will commence a full commercial roll out of our product by increasing our internal telemarketing efforts and expanding our sales channels through the use of agent sales and other media outlets." Mr. Collins continued, "Our long term objective is to deploy our own next generation wireless IP network nodes utilizing WiMAX technology that are capable of providing mobile voice, data and value added services."
Mr. Dupre, Cordia Corporation's Chief Executive Officer stated, "Since the soft launch of VoIP service in the fourth quarter of 2007, our Brazil subsidiary has grown to more than $1 million in annual revenues today. With more than 190 million people and a need for communications infrastructure investments, Brazil is in the top 5 of the world's most important communications markets." Mr. Dupre further stated, "The SCM license gives us a ground floor opportunity to play a central role in the deployment of IP based communications networks and services in Brazil."
About Cordia Corporation
Cordia Corporation, through its operating subsidiaries, Cordia Communications Corp., CordiaIP Corp., Cordia Prepaid Corp., My Tel Co, Inc., Northstar Telecom, Inc., and Cordia International Corp. offers business, residential, and wholesale customers local and long distance telecommunications services in more than sixty (60) countries utilizing traditional wireline and VoIP technologies. Cordia also develops and provides a suite of proprietary web-based billing software and outsourced services to local, long distance and VoIP telecommunications providers.
Safe Harbor
This release contains forward-looking statements that involve risks and uncertainties. Cordia's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms, and deployment of capital; Cordia's ability to successfully market its services to current and new customers, generate customer demand for its product and services in the geographical areas in which Cordia can operate, access new markets, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements.
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