TSX Venture Exchange Trading Symbol - NIT
33,154,829 shares outstanding
MARKHAM, ON, March 27 /CNW/ - Neotel International Inc. ("Neotel") is
pleased to announce that its recently acquired subsidiary Admiral Secure
Products Ltd. has received a $230,000 order for its SC5000 secure fax product.
The SC5000 family of products is the only secure fax solution in the market
today that provides Virtual Private fax networking over both the telephone and
IP networks assuring the authenticity, integrity and privacy of sensitive
information transmitted by fax. The company will complete delivery this week.
The company is in the process of growing its sales team and expanding
marketing efforts to increase awareness of the SC5000 secure fax product in
previously untouched market areas.
Neotel announces that it has received conditional TSX approval for a
private placement of 1.6 million units at a price of $0.125 with each unit
consisting of one share and one warrant to purchase a share at a price of
$0.175 for a period of two years. The proceeds of this financing will be used
for both marketing and sales expansion and working capital.
ABOUT NEOTEL INTERNATIONAL INC.
Neotel is a provider of enterprise information technology, security and
biometrics identification solutions to enterprise, government and healthcare
agencies. Neotel offers clients a portfolio of secure solutions to protect
assets, reduce costs, increase revenues and comply with government and
industry regulatory frameworks. Additional information about Neotel is
available at www.neotel.ca.
ABOUT ADMIRAL SECURE PRODUCTS LTD:
Admiral Secure Products Ltd. is a leading provider of secure fax devices,
protecting sensitive facsimile communications from inadvertent or intentional
disclosure. Admiral's products are utilized by organizations with very high
information confidentiality and privacy requirements such as government
departments and financial services organizations. Additional information about
Admiral Secure products is available at www.admiralsecure.com
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Neotel International Inc., Maureen Espin, (905)