SAN DIEGO, June 22, 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
Norway based software and telecommunications solutions provider Soft
Garden to launch Zapna services in Norway and thereby increase its
distribution and revenue. Based on this agreement, Zapna expects to
reach to more than 25,000 new potential customers in Norway, with
projected revenues through 2013 of $500,000.
"We are very excited about the distribution deal that we recently
completed, which will help us grow subscribers and revenue quickly,"
said Zapna Founder, Omair Khan. "We are executing on our business plan
and will continue to press forward with new distribution and strategic
partnerships over the coming months."
Soft Garden will be the main distributor for Zapna in Norway and will
launch Zapna's "Smart SIM" service to greatly reduce customers' costs
of placing and receiving international calls. The initial launch in
July 2012 will focus on the business and the consumer segment of the
The prepaid service plan for international mobile calls Soft Garden
will offer its customers using Zapna's products and technology is the
first of its kind in Norway, since it will allow customers to keep
their current subscription, operator, and device, while dramatically
reducing the cost of their international traffic by up to 90% using
Zapna's Smart SIM.
Getting a Smart SIM is easy. The customer just needs to buy a Smart SIM
card start package from Soft Garden, install the card on top of the
phone's existing SIM card from the current operator, and open a charge
account at Soft Garden's website. The card is simple to install, works
seamlessly with the existing SIM card, and provides excellent voice
"Zapna is a hidden gem within our treasure chest of products and
services," said George Alvarez, CEO of VelaTel. "Zapna generated over
$1M in revenue and was profitable in 2011, its 2nd year of business. We
are expecting dramatic top- and bottom-line growth in 2012 and beyond."
VelaTel has ambitious sales and marketing plans for Zapna and intends
to build Zapna as a worldwide brand.
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.
The VelaTel Global Communications logo is available at
About Soft Garden
Soft Garden provides software solutions for the business market, and
telecommunications solutions for residential and business. Soft Garden
was established in 2012 and focusing on quality service and a strong
product portfolio under a full-service concept, Soft Garden is already
providing solutions to several major corporations based in Norway.
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 the Company's 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.
CONTACT: Retail Investors
VelaTel Global Communications, Inc.
(Toll Free) 1-877-260-9170