VelaTel?s Subsidiary Zapna Signs New Distribution Agreement in Spain to Continue its Worldwide Expansion
SAN DIEGO, July 24, 2012 (GLOBE NEWSWIRE) ? VelaTel Global Communications (OTCQB:VELA), a leader in deploying and operating wireless broadband and telecommunication networks worldwide, announced today that its subsidiary Zapna ApS, a Denmark corporation and provider of mobile applications and Smart SIM cards to reduce mobile long distance and roaming charges, has signed a distribution agreement with Kimarin Europe to launch Zapna products and services in Spain. Based on this agreement, Zapna expects to reach to more than 50,000 new potential customers in Spain within the next 12 months.
?We chose Zapna as our partner because they can provide us with patented Smart SIM card technology, fully integrated technical solutions, and expertise in successfully launching this kind of service,? stated Niels Arne Mikkelsen, CEO of Kimarin. ??We are extremely pleased to have Kimarin as our partner.? We believe their huge experience in the telecom industry will be invaluable in launching services in the target segments,? added Omair Khan, founder of Zapna.
Zapna has granted Kimarin the right to sell and distribute Zapna?s Smart SIM cards and services in Spain under the Kimarin brand. The new, mobile prepaid service from Kimarin will allow mobile phone customers throughout Spain to lower their cost for international calls substantially (up to 90 %) without changing their current carriers or plans, simply by using Zapna?s Smart SIM card overlay in connection with their existing mobile phone?s SIM-card. Customers will be able purchase Zapna?s Smart SIM card from Kimarin?s website, or from appointed agents, easily install it directly on top of their existing SIM card, and then open a prepaid account through Kimarin. Initially, agents will be appointed in the Costa del Sol area, but soon after throughout the remaining parts of the Mediterranean Coast, Balearic Isles, Canary Islands, Madrid, and Barcelona.
Three distinctive market segments will be targeted:
1. Foreign nationals who live in Spain or spend a significant amount of time in Spain.
2. Spanish nationals with family members and relatives living abroad.
3. Companies and organizations with a significant volume of international calls.
Zapna and Kimarin have implemented the system and launched in targeted Spanish markets.?? Kimarin has placed an initial order of 5,000 Zapna Smart SIM cards.
?We are proud of our Zapna team for closing another distribution partnership that will dramatically increase our subscriber base.? Zapna?s products and services are well positioned for exponential revenue growth, and we expect to realize that growth over the coming months and years,? said George Alvarez, CEO of VelaTel.
About VelaTel Global Communications, Inc.
VelaTel acquires spectrum assets through acquisition or joint venture relationships, and provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. VelaTel currently focuses on emerging markets where internet penetration rate is low relative to the capacity of incumbent operators to provide comparable cutting edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. VelaTel currently has project operations in People?s Republic of China and Peru. Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. VelaTel?s administrative headquarters are in San Diego, California. For more information, please visit www.velatel.com.
About Zapna
Zapna ApS, a Danish company, is working within the international mobile communications industry. Since 2010, Zapna has been focused on mobile solutions to make cheaper international calls within and outside Denmark without compromising quality of service. Zapna has established unique brands in Denmark, which include Zerocall, Zapna and Roammore. Zapna launched commercial service in Denmark in 2010 and has since rolled out service with partners in several countries including Sweden, Norway, Finland and Spain. www.zapna.com; www.zerocall.com; www.roammore.com.
About Kimarin
Kimarin is a newly established Spanish company, managed and owned by a management team with many years of experience in the mobile telecom industry in Europe. The company will focus on providing Zapna?s Smart SIM card and services in Spain, with launch of commercial service expected during August 2012. http://puraenvidia.com/clientes/kimarineurope/
Safe Harbor
This press release may contain forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.
Contacts:
VelaTel Global Communications, Inc.
Tim Matula
Investor Relations
(Toll Free) 1-877-260-9170
investors@velatel.com
?Zapna, ApS
Connie Duedahl
Mobile: +45 29 90 00 00
cdu@zapna.com
?Kimarin Europe
Niels Arne Mikkelsen
Mobile: +34 667457799
namikkelsen@yahoo.com
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