$QBAN - Company Pleased to Report Continued Positive Political Momentum Further Strengthens Position
HOLLYWOOD, FL--(Marketwired - Feb 19, 2016) - Telco Cuba, Inc. (OTC PINK: QBAN) Telco Cuba, a publicly traded telecom provider is pleased to announce that it has recently regained "current" status on OTC Markets by filing amended Audited 10K's for the years 2012, 2013, 2014, and 10Q's for 2015 Q1, Q2, and Q3 financials with the Securities Exchange Commission. "Being current affords Telco Cuba the ability to continue to implement its business plan and has created several business opportunities which we believe will increase the company's ability to increase shareholder value. This comes at a time when the loosening of restrictions towards Cuba is accelerating and providing the Company a unique position to capitalize on a large and untapped demand for wireless services now opening up in Cuba," stated William J Sanchez, CEO.
On the political front, the backdrop could not be better for the market we are addressing. The State Department announced on Thursday that President Obama will make a historic trip to the Country of Cuba in mid-March. President Obamaannounced on Twitter that he will visit Cuba next month "to advance our progress and efforts that can improve the lives of the Cuban people." Obama would be the first sitting U.S. president to visit Cuba since Calvin Coolidge attended the Pan American Conference in Havana in January 1928.
Furthermore, on Tuesday the United States and Cuba officially signed an aviation agreement that paves the way for the first regularly scheduled flights between the countries in nearly five decades. The deal opens up 110 flights to Cuba on U.S. carriers. "What this means for Telco Cuba, is that with 100,000's US travelers heading to Cuba on an annual basis, the demand for wireless services including voice, data and texting, is expected to surge in a country significantly lacking behind in telecom infrastructure. Currently, there are only 35 public WIFI spots in the entire country of Cuba. As further evidence that we are at the right place at the right time, last month the U.S. Federal Communications Commission removed Cuba from its "exclusion list," paving the way for U.S. companies to provide telecommunication services to the Caribbean country without separate approval from the agency," stated Mr. Sanchez.
"This is a very exciting time for Telco Cuba, as the vision we had over 12 months ago is coming to fruition. In addition, management is exploring potential acquisition opportunities in the telecommunications industry and the Company is prepping to rapidly grow its own offerings through the acquisition of a telecommunications company, bolstering Telco Cuba's ability to provide cutting edge services," concluded Mr. Sanchez.
About TelcoCuba, Inc.: Telco Cuba is a cellular service provider that is targeting the Cuban demographic in the United States and intends to offer its services in Cuba when legally able to. The vast majority of Telco Cuba's potential subscribers are Cuban expatriates living in The United States. All of Telco Cuba's calling plans will allow international calls at similar or lower rates than competitive landline rates. Additionally, as an MVNO of Sprint, Telco Cuba will offer direct text messaging and calling to the Country of Cuba. In Addition to its cell phone services, Telco Cuba offers digital home phone service and will be bundling its digital and cell phone service in Q1.
http://www.marketwired.com/press-release/telc...098356.htm
HOLLYWOOD, FL--(Marketwired - Feb 19, 2016) - Telco Cuba, Inc. (OTC PINK: QBAN) Telco Cuba, a publicly traded telecom provider is pleased to announce that it has recently regained "current" status on OTC Markets by filing amended Audited 10K's for the years 2012, 2013, 2014, and 10Q's for 2015 Q1, Q2, and Q3 financials with the Securities Exchange Commission. "Being current affords Telco Cuba the ability to continue to implement its business plan and has created several business opportunities which we believe will increase the company's ability to increase shareholder value. This comes at a time when the loosening of restrictions towards Cuba is accelerating and providing the Company a unique position to capitalize on a large and untapped demand for wireless services now opening up in Cuba," stated William J Sanchez, CEO.
On the political front, the backdrop could not be better for the market we are addressing. The State Department announced on Thursday that President Obama will make a historic trip to the Country of Cuba in mid-March. President Obamaannounced on Twitter that he will visit Cuba next month "to advance our progress and efforts that can improve the lives of the Cuban people." Obama would be the first sitting U.S. president to visit Cuba since Calvin Coolidge attended the Pan American Conference in Havana in January 1928.
Furthermore, on Tuesday the United States and Cuba officially signed an aviation agreement that paves the way for the first regularly scheduled flights between the countries in nearly five decades. The deal opens up 110 flights to Cuba on U.S. carriers. "What this means for Telco Cuba, is that with 100,000's US travelers heading to Cuba on an annual basis, the demand for wireless services including voice, data and texting, is expected to surge in a country significantly lacking behind in telecom infrastructure. Currently, there are only 35 public WIFI spots in the entire country of Cuba. As further evidence that we are at the right place at the right time, last month the U.S. Federal Communications Commission removed Cuba from its "exclusion list," paving the way for U.S. companies to provide telecommunication services to the Caribbean country without separate approval from the agency," stated Mr. Sanchez.
"This is a very exciting time for Telco Cuba, as the vision we had over 12 months ago is coming to fruition. In addition, management is exploring potential acquisition opportunities in the telecommunications industry and the Company is prepping to rapidly grow its own offerings through the acquisition of a telecommunications company, bolstering Telco Cuba's ability to provide cutting edge services," concluded Mr. Sanchez.
About TelcoCuba, Inc.: Telco Cuba is a cellular service provider that is targeting the Cuban demographic in the United States and intends to offer its services in Cuba when legally able to. The vast majority of Telco Cuba's potential subscribers are Cuban expatriates living in The United States. All of Telco Cuba's calling plans will allow international calls at similar or lower rates than competitive landline rates. Additionally, as an MVNO of Sprint, Telco Cuba will offer direct text messaging and calling to the Country of Cuba. In Addition to its cell phone services, Telco Cuba offers digital home phone service and will be bundling its digital and cell phone service in Q1.
http://www.marketwired.com/press-release/telc...098356.htm
