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Press Release Source: TelcoBlue, Inc.


TelcoBlue, Inc. Signs Binding LOI With United Kingdom Communications Management Company
Monday January 14, 10:31 am ET


Company Poised to Expand Outside of U.S.


LEXINGTON, KY--(MARKET WIRE)--Jan 14, 2008 -- TelcoBlue, Inc. (Other OTC:TBLU.PK - News) is pleased to announce that the Company has signed a Binding Letter of Intent to acquire Local Presence, a United Kingdom based communications management company. TelcoBlue and Local Presence will be negotiating the details of the acquisition, which will be completed in the next 45 days.
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Local Presence provides communications management and technical know-how for a wide range of UK and global telecom operators, vendors, IT systems integrators and utilities. Local Presence's client list includes Ericsson, Vodafone UK, Ernst & Young, Three, Transco, CAPE Technologies and an extensive number of network operators across the globe. Local Presence provides a product called SyncroBridge, which is based on an open source software solution for operational support of sites, buildings, environments and auxiliary resources. It synchronizes and bridges remote site/building information into a central repository for automation under network operations control.

Mr. Rod Clarke, a co-founder of Local Presence, has over 27 years of experience in the network operations area. He's worked for companies such as Ericsson, Orange Network Operations, BT Central Operations and in over 20 different countries as a senior consultant and manager. Co-founder Mr. Nick Powell, has over 35 years of experience as a project manager working in operations and maintenance, network security and Interconnect projects. Mr. Keith St. Peter is a senior consultant with more than 30 years telecommunications experience in national, international and satellite operations, with an emphasis on revenue generation through automation and service improvements. More recently he has worked with Ernst & Young and Ericson Global Services in West Africa and is a co-founder of Local Presence.

"We're very pleased to sign a Binding Letter of Intent with Local Presence. Adding the company to our family of wholly-owned subsidiaries will continue to add value to TelcoBlue for our shareholders. We're also very excited to expand all of TelcoBlue's subsidiaries to the European markets," stated Jim Turek, CEO of TelcoBlue, Inc.

For more information regarding Local Presence, please visit: www.localpresence.co.uk.

About TelcoBlue, Inc.:

TelcoBlue, Inc.'s mission is to develop and acquire undervalued companies that have innovative technology that will potentially increase the growth of the Company. TelcoBlue, Inc. continues to seek out and capitalize on emerging technologies that will change the electronics community.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.



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الخبر جيد والتداول ليس مستوى الخبر
السهم حقق الهدف الاول 20 و الان 16
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