Zupintra Communications Inc. forms Joint Venture with Italba Corporation


    MIAMI, FL, March 19 /CNW/ - Zupintra Communications Inc., a wholly owned
subsidiary of Phinder Technologies Inc. OTC BB "PHDT", is pleased to announce
it has formed a telecommunications joint venture corporation with Italba
Corporation, to be based in Panama City, Panama. The joint venture will be
known as Zupintra Panama, Inc. and will focus on developing next generation
telecommunications opportunities in Latin America and the Caribbean, including
VOIP, broadband wireless data, IPTV and WiMax.
    "Latin America is one of the key frontiers in the advancement of next
generation telecommunications networks." stated John Alexander (Lex) van Arem,
CEO of Phinder Technologies Inc. "Italba has a unique and broad knowledge of
the telecommunications industry in Latin America, this joint venture catapults
Zupintra into an immediate leadership role in this rapidly growing area of the
    "Zupintra is the first company to commit to the real advancement of
telecommunications for the common man in Latin America." stated Gustavo
Alberelli, CEO of Italba Corporation Inc. and new Managing Director of
Zupintra Panama. "We are delighted to be associated with Italba, whose long
standing dedication to Latin America is unparalleled in the industry." stated
Christopher G. Hall, Chief Operating Officer of Zupintra Communications Inc.

    Italba Corporation is a world class provider of telemedicine services in
Latin America and the Caribbean and has been the leading provider of satellite
broadband data services throughout Latin America for the last four years.

    Phinder Technologies' core business runs through its wholly owned
subsidiary, Zupintra Communications Inc. Zupintra is a facilities based
retailer and wholesaler of international voice traffic within the carrier to
carrier network. As a wholesale VoIP provider, Zupintra Communications Inc.
holds both origination and termination contracts with PTT's and next
generation carriers.


    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
without charge.

For further information:

For further information: For Investor Relations contact: David Putnam,
Email: ir@phinder.com, (416) 815-1771 ext.227, www.phinder.com

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