PHINDER TECHNOLOGIES INC - OTC BB symbol (PHDT)
MIAMI, FL, March 22 /CNW/ - Phinder Technologies Inc. is pleased to
announce that it has retired a $2 million Accounts Receivable financing
facility. The factoring arrangement was entered into December 2005 and had a
two year term. "In addition to retiring the $2 million factoring facility,"
stated John Alexander (Lex) van Arem, "the company also retired approximately
$1.5 million earlier this fiscal year consisting of Accounts Receivable
financing and a debenture."
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: firstname.lastname@example.org, (416) 815-1771 ext.227, www.phinder.com