OTC BB symbol (PHDT)
MIAMI, April 13 /CNW/ - Zupintra Communications Inc. (Zupintra) a wholly
owned subsidiary of Phinder Technologies Inc. (OTCBB: PHDT), is pleased to
announce that it has finalized the credit insurance related to the $10,000,000
accounts receivable (A/R) financing as outlined in the Company's March 28th,
2007 press release.
"Closing the insurance was the last step in completing all the
requirements necessary to fully utilize the A/R line. Zupintra is now in a
very strong position to negotiate favorable contracts with international
wholesale carriers," stated Lex van Arem, CEO of Phinder Technologies Inc.
The insurance covers over 25 countries, including but not limited to
India, England, France, Italy, the Netherlands, Canada and the USA.
Zupintra will now be able to offer their services to tier 1
telecommunication companies. These companies have significant international
voice traffic needs, representing a substantial business opportunity for
Zupintra. Since Zupintra will now be able to finance up to $10 million dollars
of sales per billing cycle, based on a 30 day cycle it is now in the position
to fund up to $120,000,000 (one hundred and twenty million dollars) in annual
Phinder Technologies' core business runs through its wholly owned
subsidiary, Zupintra Communications Inc. Zupintra is a facilities based
wholesaler of international voice traffic within the carrier to carrier
network. As a wholesale VoIP provider, Zupintra Communications Inc. signs both
origination and termination contracts with next generation carriers and
profits from negotiated rates.
FRANKFURT - WKN No.: A0DQU5
In compliance with the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, PHDT notes that statements contained in this
announcement that are not historical facts may be forward-looking statements
that are subject to a variety of risks and uncertainties. Accordingly, PHDT
wishes to caution readers of this announcement that its future actual results
may differ materially from those that any forward-looking statements may
imply. There is no assurance the above-described events will be completed.
There can be no assurance of the ability of the company to achieve sales
goals, obtain contracts or financing, consummate acquisitions or achieve
profitability in the future. The above and additional factors are discussed in
detail in the company's filings with the U.S. Securities and Exchange
Commission. These may be viewed at www.sec.gov and many other Web sites
For further information:
For further information: For Investor Relations contact: David Putnam,
Email: email@example.com, (416) 815-1771 ext.227, www.phinder.com